We live in a social and civilized society. However, most of us are not aware about social trading. Social trading is particularly attractive for inexperienced investors. For the focus on “Money and Finance”.
The most popular platform for social trading is Etoro. The platform now has more than twelve million registered users worldwide. The Etoro social network essentially consists of two different components. On the one hand from the open book, the social component that enables the exchange, and on the other hand from a CFD trading platform, the actual trading area. Etoro is a registered broker that is based in Cyprus, in addition to its headquarters in Israel. The broker is regulated by various financial regulators, including Cysec, Bafin, and FCA.
Overall, the community at Etoro is very large, which is a good thing especially for investors. Through the exchange, you can quickly find your way into the world of finance. The platform is web-based, a software download is not necessary. Etoro also offers both an Android and a smartphone app. At first glance, the platform appears very clear. Anyone who has already traded binary options, Forex or CFD will find their way around quickly. To understand the system behind social trading correctly, Etoro offers a free demo account. So you can test out how everything works with play money.
Social trading requires little or no knowledge of financial markets. You can read some financial newspapers regularly. Global news also a factor for price variation. However, social trading described as a low-cost, sophisticated alternative to traditional wealth managers by the World Economic Forum. You can use one of those opportunities. Trading is easy by sitting at home.