eToro - Right for First-Time Investors?

Here's my profile on Etoro: https://etoro.tw/2rcYYm0
Twitter: @socialtradingv, @tomsmetaverse
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THE TRADERS IN MY eToro PORTFOLIO:

Slow And Steady (ETFs Only): https://etoro.tw/3dqAEpe

Javier Rotllant Miras (Forex/Commodities) : https://etoro.tw/3BW169u

Analisisciclico (forex) : https://etoro.tw/3KEpZci

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of loosing your money.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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Twitter
@socialtradingv / https://twitter.com/SocialTradingV

Instagram
@socialtradingvlog / https://www.instagram.com/socialtradingvlog/

Facebook
@socialtradingvlog / https://www.facebook.com/SocialTradingVlog/

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MY New Metaverse YOUTUBE CHANNEL:

https://www.youtube.com/tomsmetaverse

Twitter @tomsmetaverse

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All trading involves risk. Only risk capital you’re prepared to lose.
Past performance is not an indication of future results. This content is for educational / entertainment purposes only and is not investment advice.

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In this video I go over the basics. What is eToro? Is it good for beginners? What's the special aspect of eToro that's made it so popular with new investors so far?

I've been using eToro since 2016, attracted by the idea of copy trading, as I knew nothing about the markets and how to go about trading manually. I wanted to get into it, but didn't know how. Copy trading seemed like a safer way in for me.

Having said that, I still tried to trade manually, and made some big losses initially whilst using lots of leverage and not knowing what I was doing at all. It's not just me that does this though apparently. Most new retail investors lose their money pretty quickly when they start trying to trade...

Since I switched to just copy trading, my risk has come down and it hasn't been the same roller coaster that it was in the beginning, although I still managed to copy some risky people and make losses! Even copy trading hasn't been 'safe' in my experience - trading is inherently risky. But copy trading has levelled out my peaks and troughs and made things less frightening. I haven't 'blown my account' which so many new people do, and copy trading has really given me the chance to start learning about the markets and various different types of assets whilst someone more experienced or focused than me has been making the trading decisions.

I still think it's an amazing innovation, and at least for me, it seems to have been a good way to get started in the world of investing and start learning how it all works.

If you'd like to find out more about how I pick traders on eToro, then have a look at the playlist below which goes over my top tips"

https://www.youtube.com/watch?v=_TkvRBl4-7k&list=PLSp_9hRpu6lJGN0vFmFrP83QuVHk1YzW1

For Beginners:
Etoro Beginners Playlist: https://www.youtube.com/watch?v=-qeBPdi5LR8&list=PLSp_9hRpu6lKOj-KjMnlULlG62zXNIBz9

Affiliate Disclosure:

Many of the links in this description are affiliate links and eToro may pay me commission if you follow them.

Видео eToro - Right for First-Time Investors? канала Social Trading Vlog