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.
I haven’t, but I grew up with my father doing it. Now, I think my son is interested in it. I’ll have to show him this.
Good luck on it! It is indeed a very interesting subject. I think that it is better than just merely depositing money in the bank. I hope someday I can also learn the ins and outs of that kind of money making strategy.
To be honest I never really thought about doing something like this! I need to check it out, glad that it seems so easy to do.
So far I use my bank’s platform for all the trading. But this looks fun and easy and helpful to trade stocks etc. I would love to try this if this is available where I live?
This sound great – like you I wouldn’t have the first clue where to start myself but to be able to mirror someone successful is a great idea! Just hope their luck holds out!
I haven’t the slightest clue about buying and trading stocks, but would love to make a little profit. Being able to copy someone else’s tactic and transactions sounds like a great way to start.
I took a course to learn options but didn’t have the analysis attention for it. To many indicators to watch. I enjoy just dumping money into my index funds and taking a hands off approach to it.
I don’t know anything about trading but looks great for those who do.
This sounds like a cool platform for social networking. I’m curious to know more about this company.
This is something for me to look into. I was not aware of this website, thanks for the info!
Your post was interesting. I always wanted to get into stocks, just didnt know how.
This sounds really interesting..gonna check this out ,,,Thanks for sharing
My husband is a stockbroker. I can’t wait to share this with him and see what he thinks.
My husband totally loves learning about stocks and trading and has some stock of his own. I, on the otherhand, want nothing to do with it. Lol!!
I’ve always been interested in this and now I”ll have to really look into this etoro business… thanks for the info : )
Interesting way to connect with other people. I have never heard of the website before but I want to do some more reaserch into it.
I admire people who are into trading. I have friends who are into stocks and I find it really hard to do. I think I need to spare some time to learn about it. Makes me think if I will enjoy it to just like them.
This sounds really interesting. I’ve never heard of the website and it sure is perfect for people who invest on stocks.
We have considered finding a new way to increase of savings. Stocks always seemed so intimidating. However this seems like a good way to try it!
Etoro sounds like an interesting concept! As a blogger, I can see how that would be a valuable tool. I’ll check it out!
Stocks has never been an easy topic for me to grasp. They have always scared the poo out of me, haha.
This sounds cool. I’ve never heard of this site before. I’ll have to check it out!
I have received invites to invest in trading, however, I always feel that I will lose my hard earned money, and that newbies have no place in the trading industry. I will have to check out eToro. I have been wanting to invest some money in stocks but I always chicken out.
Stocks,finances, taxes. I have no idea. This was a really nice post though.
That is an interesting idea! I have never heard of it before, but the benefits seem great! I’ll have to check it out!