How to invest in the stock,forex market using eToro (past three)
Monitoring your performance
Clicking on ‘Trading’ takes you to a whole new (and very important) part of eToro: the ‘WebTrader’.This is the actual trading area and your nerve-centre. Here you can monitor all of your current open positions and close them, and also access a record of your trading history. This is what my WebTrader looks like:
Following users
It’s worth noting that you can also just follow traders (without copying or investing in them) so their updates show up in your news feed, as with Twitter. It’s a good way to gauge whether you think they’re worth copying and tune into useful information.I recommend following @AnnieToro as she’s the eToro English community manager and is extremely knowledgeable and helpful.
If you become one of my followers or copiers (@misterg23) you’ll be able to write on my wall with any questions you may have. I’m always happy to help! I also upload trader review videos which people find useful.
Trading well yourself
The good news is that you don’t have to be a financial genius with decades of experience to make money trading yourself.
The bad news is that you do need to think a bit harder and do your research. Any shortcomings are squarely on you now!
Which stocks should you choose?
Well, that’s up to you partner. I cannot offer specific investment advice. All I will say is that it pays dividends to do your homework, read the news frequently and listen to earning announcements. Only invest in stocks or companies that you believe are in a strong and healthy position to resist market shocks, and ultimately have room to grow.If you’re really serious, you might also want to read up on the price/earnings ratio to identify undervalued/overpriced stock. and sign in etoro
What I can do though is take you through the steps of placing a trade on eToro.
How to place a trade
Click on ‘Markets’, then ‘Stocks’, then ‘Sector’. Choose a sector, for example ‘Consumer goods’.
You will then be presented with a list of all consumer goods stocks tradable on eToro, along with their respective prices and change over the past day.
Then enter the amount (eg. $50) and click ‘Select’. Note that the minimum amount you can invest in any stock is $10.
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