eToro Trading
Trading with eToro's Platform
eToro has an intuitive social and copy trading platform for traders of all skill levels.
OPEN REAL ACCOUNT PRACTICE WITH DEMO ACCOUNT* 68% of retail CFD accounts lose money
eToro describes itself as a trading platform that includes the element of social media. Many users regard eToro as the “Facebook for Trading”.
It is a platform that offers CFD and non-CFD trading on various instruments sich as stocks, indices, commodities, currencies, ETFs and cryptocurrencies.
This section details the various methodologies and terms associated with the trading function of eToro. As a social and cryptocurrency trading platform, learning everything on this section will help you use the app better even as a casual investor starting to learn the many ins and outs of the trading world.
If you're more interested about the trading platform, then you should read the comprehensive testing that we did and its results.
🖥️ Platforms | Web, Mobile |
📋 Copy Trading | Yes |
🛍️ Market Types | Stocks, Commodities, Currencies, Indices, Crypto, ETFs |
💰 Minimum Trade | $10 (Crypto, Stocks, ETFs) |
If you're already convinced about trading with eToro and wondering where to begin then the very first step is to open an account. To make things easier, you just need to click on the button to get started.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
You can trade the following with eToro:
Note: Some asset types may not be accessible depending on your country of residence. In the US for example, registered clients are only allowed to trade cryptocurrencies due to regulatory guidelines.
eToro earns money from non-trading activities such as spread fees, currency conversion fees, crypto currency transfer fees, leveraged trading fees, withdrawal fees and inactivity fees.
Cryptocurrency trading on eToro allows you to trade a variety of the world's leading cryptocurrencies and crypto crosses, stay up to date with each crypto coin's price updates with the help of the apps' analysis tools and advanced interactive charts.
Among the leading cryptos that can be traded on eToro are BTC, ETH, ADA, BNB and IOTA.
Trading Bitcoin on eToro consist of these simple steps:
You can do trading via the web through the web-based platform of eToro that can be accessed on a desktop browser. This may also be accessed on a mobile web browser as an alternative to installing their mobile applications.
There's no downloadable version for eToro for desktop use. If you're using Windows or Mac, you can easily access eToro via their web-based site on your desktop or laptop. You can only download from mobile app stores (Play Store or App Store) for your mobile phone and tablet use.
Day trading is when a trader buys and sell assets and stocks all in the same day. They are traders who prefer not to HOLD any positions overnight.
Simply say: Day trading involves continuous lookout for short movements in very volatile and liquid assets.
eToro's official website has a lot of trading guides, tips and tutorials to offer and majority of the resources can be found on their education section or trading academy. Remember to spend time researching for these useful resources online because this will help you harness your trading skills.
eToro's Trading Central's Research Platform is a web-based application you can access to learn how to optimize and strategize your trading activities. It covers various topics such as Fixed Income, Equities, Forex, Indices and Commodities and is available for Platinum, Platinum+ and Diamond account holders.
eToro has a feature called ProChart which you can customize the layouts and re-arrange chart labels. To use ProChart simply follow these steps:
You can sign-up for an online trading course or Market Watch webinars via the eToro's website. Various courses covered includes the following:
Trading knowledge assessment is part of the sign-up process in creating an eToro account. It comprises of a few questions meant to assess your level or knowledge of complex derivatives and trading with leverage.
There's no trading bot on eToro. Instead, eToro’s CopyTrader system applies the more efficient way of using its automated tools and features rather than stand-alone automated systems and bots.
One Click Trading is a tool in eToro that allows users to open trades faster without having to go through pre-determined trade parameters like Stop Loss, Take Profit, Amount and Leverage.
To turn ON the One Click Trading mode, just follow these simple steps:
You can also add markets to your One Click Trading by using the “add market tool” search bar below it.
Stock trading are done in real-time on the eToro platform based on the hours of the exchange. When the market closes, orders are made through the platform and will open when the market opens the next day.
To start trading stocks on eToro, simply select a company stock by clicking it and then tapping the “Trade” tab.
Afterward, a pop-up window will appear where you can set the settings such as amount you want to invest, the Stop-Loss, take profit orders and leverage. Once done, click “Set Order”.
The eToro Trading History is where you can view all your trading activities summarized and displayed on a neat form. To view your trading history, simply go to your Portfolio tab found on the left-hand sidebar and select the clock icon.
It will automatically show all your trading activities the last 30 days (the default setting). You can select the timeframe of the trading history you want to view.
On the upper right screen, you can click on the "Filter" icon to show a drop-down menu where you can select the type of current investment (CryptoPortfolios, Copied Traders, Manual Trades).
Clicking the “list” icon will show you how the trade was closed. For example:
Clicking on the wheel icon will show you two summaries. If you click on “Account Statement”, a report of all your transactions (deposits, withdrawals, positions opened and closed) will be generated. You can export this to an Excel or a PDF file.
If you click on “Customize”, you can adjust the information you want to see on your transaction history report by re-arranging the columns for different activity categories such as: amount invested, profit/loss, opening rate, closing rate and so on.
Quick 101:
A trading volume represent the total quantity of shares traded for a specific stock or security exchanged by sellers and investors during a trading day. Trade volume or volume of trade is measured on stocks, contracts, options and futures contracts and commodities. The higher the trading volume is, the more it is seen as a positive because it means it has better order execution and more liquidity.
In relation to this topic, eToro’s platforms have no volume indicators due to the fact that forex and CFD markets have no central exchanges so basically, there’s no direct source to get the actual volume data.
If you have made a minimum of 10 forex transactions with at least an accumulated value of $500000, this is considered a large trading volume. This is among the requirements of qualifying as a professional trader if you’re a resident of the EU as per the regulatory guidelines that were set by the European Securities and Markets Authority (ESMA).
The trading hours for currency in eToro is as follows. All times are in EST:
The foreign exchange market opens on Sunday 5:05 PM and Closes on Friday at 4:30 PM for the following currency trades:
Currency trades that open on Sunday at 4:05 PM and closes on Friday at 3:30 PM are:
Gold trading hours opens on Monday at 4:00 PM and closes every Friday at 2:30 PM (both are in US & Canada Pacific Time). Same hours also applies to trading of Silver, Copper, Oil and NATGAS.
eToro trading hours on stocks are based on the official opening and closing times of the exchange.
For example:
eToro stock trading hours follows the NYSE and the NASDAQ, two of the main American exchanges, which opens from Monday to Friday at 9:30 AM and closes at 4 PM (Eastern Time).
Other trading hours from other exchanges are as follows (all in EST):
To close a trade on eToro simply follow these:
Using the eToro mobile app:
To partially close a trade, just follow these steps:
Here’s the deal:
An “Order” is initiated above or below the current market value of an instrument while a “Trade” is executed based on the current market's SELL and BUY prices.
Each asset type has a specified minimum required investment amount in order for you to open a position.
The crypto, stocks and ETFs classes have the lowest requirement at $10 while the commodities, currencies and indices have the highest minimum trade size at $1000.
Asset Type | Minimum Trade |
---|---|
Commodities | $1000 |
Crypto | $10 |
Currencies | $1000 |
ETFs | $10 |
Indices | $1000 |
Stocks | $10 |
A mobile trader refers to a trader or investor who uses wireless technology in engaging in CFD or non-CFD trading. Mobile trading is fast becoming a favorite tool as it allows investors faster access to trading channels and exchanges as opposed to the traditional methods using a desktop computer.
Mobile trading with eToro is possible via their mobile apps which can be installed on smartphones and tablets that are powered by iOS or Android.
If you're already convinced about trading with eToro and wondering where to begin then the very first step is to open an account. To make things easier, you just need to click on the button to get started.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
To do a SELL on eToro, simply open a trade, switch the toggle to “SELL” from the default “BUY”.
The moment you switch to “SELL” and “OPEN” a trade, your position will be called as “Short-selling” which will increase in value once the asset's value decreases.
Remember:
The SELL does not mean selling an asset from your portfolio. Rather, it is opening a position that is categorized as “short”.
Among the unique features of eToro is its social element that allows users to engage in social trading through the “CopyTrader” feature.
How can you actually use this?
This feature allows users to scroll through the profiles of highly-successful traders using the eToro app, much like to sorting through Facebook profiles, to see their trading history, trading strategies and how much money they have earned or lost during a period of time.
Doing this, you can easily “copy” their trading strategy by simply allocating some funds to copy their trades.
By reinventing mirror trading, eToro's copy trading function of its CopyTrader feature is a pioneering concept that enables users to copy traders of their own choosing by replicating their trading activities and strategies.
Simply say: Copy Trading allows you to have other more seasoned and skilled traders from around the world, do all the trading for yourself.
CopyTrader starts working after you allocate a certain amount from your fund to copy another trader. Afterwards, you will need to select a trader to copy based from the profiles that will show up after clicking the “Copy People” tab.
Once that trader of your own choosing buys a certain stock, for example an AMZN stock, the amount you set aside for your copy fund will automatically buy its equivalent of AMZN stocks.
Before using the CopyTrader feature of eToro, a user will need to meet these requirements:
There are countless highly skilled and seasoned traders to copy and follow on eToro. However, basing on the top profiles and numbers of copiers and followers, these names are ranked atop the most copied traders on eToro:
If for some reason, your CopyTrader feature is disabled on your eToro dashboard, it could be due to some technical issues. After giving it some time and the problem persists, it would be better to contact customer support for assistance regarding this issue.
If a user copy open trades on eToro, their funds will be automatically allocated to the copied trader's portfolio composition.
You can receive trading signals from the most successful eToro traders you want to copy by simply clicking on their profile picture to view their profile page.
On their profile page, you will see the following:
To get daily trading signals from a trader you like to copy, just click on the “+” icon beside the “Copy” button on the right-hand side of their page. You will then add them to your watchlist and get real-time signals of every trading actions they make.
The phrase “Trade like a Steve” is an analogy at how one can benefit from using the CopyTrader feature of eToro. They also launched a video ad campaign to explain this:
For example:
Marky and Steve both use eToro to trade in the financial market. Steve spends a lot of time studying stock market movements, doing research on global investment trends as well as keeping a watchlist of some of the most promising stocks in the market. Marky meanwhile, spends most of his time doing something else than following his watchlist.
But because Marky is copying Steve, he becomes sort of like trading like Steve. Both Steve and Marky become a successful investor all thanks to Marky being able to replicate Steve’s trading strategies and activities. By using eToro’s CopyTrader feature, everyone can easily “Trade like a Steve”.
Now that you have all the information that you need, you're probably more interested now about trading with eToro and wondering where to begin. The first step is to open an account and to make things easier, you just need to click on the button to get started.
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 losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
With eToro's innovative CopyTrader™, you can automatically copy the moves of other investors.
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