Get into Social Trading with eToro
Have you ever looked into trading stocks and shares and then quickly turned away? After all it can seem like a whole different world.
A world which is shrouded in secrecy, making it near impossible to understand how people are getting the pennies rolling in. Then perhaps eToro could make for your first step into the world of trading.
So what makes eToro different?
eToro is a social trading network, that not only lets you follow and communicate with other users, but also copy what other users are up to.
However, you don’t have to copy users, you can make your own CFD (contract for difference) trades on a huge amount of stocks, inices, commodities, currencies and ETFs (and if that makes sense to you I salute you).
I completely admit I would have no idea where to start when it came to making my own CFD, however, I do find the fact that I can follow and copy users such as Jay Smith (Jaynemesis), really interesting. Jay is considered one of the eToro’s most popular investors to be copied and with 85.35% profit over the last year, you can see why.
Just 28 years old, Jay is a professional gamer, who has travelled the world representing his teams and has an interest in technology, politics, economics, and gaming.
Jay grew up playing strategy games, which perhaps have helped him be successful in the trading world, after all it meant he needed quick reactions, time to study his opponents, learn their play style and plan strategies.
His background however has even more impact on his trading style, than just the techniques he learned in gaming. Jay chooses to mainly trade in cryptocurrencies, after all he came across Bitcoins when they were worth just $12 each (they are now worth over $1000 per coin) and he has also started using Etherium another cryptocurrency which is gaining a lot of traction after the SEC rejected Bitcoin’s attempt to become an ETF.
For longer term trades Jay looks into the tech market, which is a place he feels very comfortable within.
Why choose eToro over other platforms?
As well as being very community driven, which allows you to learn from your peers. The website, according to Jay, also offers a very easy to use interface, which as everyone knows is always a good thing when you are starting out.
So if you are looking to learn more about trading, or you are looking for new place to trade from why not look into eToro?
Have you ever tried trading, how did it go for you?
*This is a collaborative post.
This is very interesting I will def. be checking it out. Thanks for sharing.
I’ve never heard of etoro! It sounds like an awesome idea though. Getting into stocks is fun, but nerve wracking for sure. The pay off is great though!
It it really interesting, I like the fact you can copy and interact with more experienced users.
I haven’t heard of this social trading network. My husband is piddling with something like this but I don’t get involved much.
I love how easy this network seems as a starting base if it is something you want to get into.
This sounds like the perfect way for me to dive into this! Thank you for sharing!
No problem at all I wish you the best of luck if you give it a try 🙂
I’ve never tried trading before. I’m not really good at understanding all that kind of stuff honestly. My husband is better with it.
I have to admit Ash is normally the one up on this sort of things, but I feel like I could dibble my foot on with this one.
My husband and I have been looking into doing a few stocks here and there. I am going to have to check this out.
Oh best of luck with your jump into having a play with the stocks I really hope it goes well for you 🙂
I am not the best when it comes to understanding stocks and finances. I love the concept, being able to copy for beginners sounds like it would make it easier to use.
I most definitely think so, I am so tempted to give it a real good try when I have some spare time.
This is super interesting. I would love to learn more about stocks and trading its still a different world for me.
It does sound really interesting doesn’t it, I wish I could get my head around it more.
Sounds awesome! I’ll have to take a further look into it!
I hope you do well if you decide to give it a try 🙂 x
“Have you ever looked into trading stocks and shares and then quickly turned away?” Yep! That describes me perfectly.
eToro may actually make me reconsider things. I also love that it’s community driven and that you can also copy other users until you get the hang of it!
I have to admit I have looked a few times as the other half did have shares and I thought about trying a few bits with them but in the end we just cashed them out as the whole thing looked so frightening.
My husband is a financial advisor, so he takes care of our stocks. But this was really interesting as I’ve never heard of it before.
Ohh would be interesting to hear what he thought of such a website.
eToro offers protective measures to manage risk effectively, but it is possible to lose more money than invested in each trade. However you can never lose more than your total balance.
Most definitely I think everyone needs to know that, I’m kicking myself now for not including such an important note, may have to amend thank you!
wow, honestly, It’s only now that I heard about Etoro. I guess the site is a great way to lear with others as well when it comes to trading
It is an interesting concept isn’t it – I like how these things are opening up to more people these days.
I have never heard of this before, but this is something that would interest my husband. I will share this with him.
It is a really unique concept isn’t it – I am looking forward to hoping learning from it.
I need to learn more about trading. I feel like it’s a whole ‘nother world that I NEED to educate myself on.
It really does feel like it doesn’t it – good luck with learning 🙂 x
eToro sounds so good. I think i should try this one as this is totally new to me. I would love to try it.
I hope it all goes really well for you if you do give it a whirl 🙂
Trading always makes me nervous. I feel like I should have majored in accounting in order to be successful in it.
Haha it does make you feel like that doesn’t it, it’s quite a scary step to take.
I have never thought about stock trading. When I do I need to check this site out.
Good luck when you give it a try I hope it goes well for you.
Social trading” or “social investing” is the most recent evolution of online trading, and more of its potential is being realized everyday.
I love how things are becoming more social and more open to all. x
I have to be honest – I’ve never heard of eToro before – but I’m always looking for ways to connect with fellow bloggers! Looks awesome
It is definitely an interesting concept and way to connect with people who know so much more about it.
I had never heard of eToro before but it seems incredibly interesting! Something I should tell my boss about as he would probably consider using it.
I hope it all goes really well for you if you do decide to try it out 🙂
I know nothing about trading but have always WANTED to learn. Maybe this is a good direction for me to look into.
It is something that has always interested me as well.
eToro sounds awesome. I think I would use this a lot! I will look into it.
I wish you the best of luck if you do decide to give it a whirl 🙂
That’s an interesting concept. I’ve never heard of this before but I’ll have to check it out. Thanks for sharing!
It is so interesting, something I am excited to learn more about.
Interesting concept
Will have a closer look