If you haven’t heard of eToro, it is a fairly new stock trading platform where people can go in and buy and sell stocks. This is the easiest and most successful platform that I have used for stocks thus far. Although stocks can be tricky to understand at times–especially if you have never done anything with them before, eToro helps to make the learning process a lot easier!
To begin making money using eToro, you first have to understand how to use it. I found this video on YouTube covering some tips and tricks on how to use eToro as a beginner.
After experimenting a little with the site and learning how it works, you can begin making some real money by starting to invest! I recommend doing some research on each company before investing. Don’t just take someone’s word for it–if you have a bad feeling about a certain company or product, that’s probably a good sign not to invest. Listen to your intuitions because they are usually right in the end!
But if you do end up finding someone who seems trustworthy and good at what they do, you do have the option to “copy” their trading habits within eToro. Although I still advise a good amount of research before doing this, it is an easy way to end up making money by practically sitting on your couch doing nothing at all.
Once you have done a few trades, the whole thing becomes a little more fun and easy to understand. From there you can decide how much risk you would like to put into your trading. I’m sure you’ve heard the phrase, “High risk equals high reward.” While this phrase is accurate, the opposite is also true where high risk can also equal high loss. The decision is up to you on what type of risk you are willing to take!
I hope this post was helpful! Make sure to give my blog a follow if you would like more tips and tricks on financial health and wellness!
Thanks for reading, and happy trading!