Jumping into the world of shares, forex or commodity trading can be daunting for individuals taking their first steps. A growing legion of consumers would like to try their hand at trading directly without working through conventional broker channels, but don’t know where to begin. eToro is an online service that tackles this niche with a set of online tools designed to make trading an easy undertaking. The service has been around for a while, but recently launched a new set of tools, stocks and social trading services that are particularly interesting.
eToro makes it simple for first-time traders to fund an account using PayPal or credit cards, for example, and get going with simple trading tools. The service has
A great place to learn trading without risk opened almost 38m trades between the beginning of 2012 and the time of writing, with users from all over the world.
To make things easy, eToro has a limited list of selected shares on offer, including Facebook, Microsoft, Apple, Yahoo! and Google. Users can also trade indices such as the Nasdaq 100 or UK 100, or commodities and forex, with live information on current trading.
The interface is clean and easy to understand, but what really interested me was the social aspect of eToro. Trading on the platform is conspicuous and you can see other user’s portfolios and general performance via a connection with Facebook – and copy them.
So, for example, if you see someone performing well with medium-risk trades
Free to start