A guide to using the whole Etoro from A to Z for beginners

 

This article will  guide you to use the whole Etoro from A to Z  for those who are just starting to learn about Etoro, helping you to create your own income.

This complete tutorial on Etoro is quite long because it summarizes and details the steps for you to understand what Etoro is, how to register for an Etoro account, how to invest in buying and selling orders. , how to recharge Etoro.

Ok, now let's get to the main content of the detailed Etoro manual!

1. What is Etoro?

EToro  was founded as RetailFX in 2006 in Tel Aviv, by brothers Yoni Assia and Ronen Assia along with David Ring.

Etoro is a trading channel for stocks, foreign currency, gold, bitcoin, ethereum, crude oil, raw materials with more than 6 million people using it worldwide.

At Etoro you will easily invest in an investment channel you like around the world with just a few simple steps without worrying about geography.

A special feature that makes the success of Etoro is the feature "copy traders" _ copy investors, this is an extremely great feature to help you from a person with no investment experience will become. Any financial investment expert with just a few simple steps, when using this feature, all your investment actions will be 100% copied as the expert you choose. For example, if they invest in BTC, you also automatically invest in BTC, they invest Ethereum, you also invest in Ethereum, ... very great.

2. Preparation needed when joining Etoro

To be able to join Etoro you only need 2 things:

- A Visa or Master Card or a PayPal account with money for transactions

- Basic English, capable of using google translate.

3. Instructions for registering an Etoro account

Step 1:  Go to the following link  https://www.etoro.com/accounts/sign-up  to proceed with Etoro account registration.

66% 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

Step 2:  Fill out the information as shown below

Fill out the Etoro account registration information

1. Username : Enter your username
2. Password : Enter the account password
3. Email : Your email address (remember to enter it correctly to restore it later)
4. Phone number : You choose to be Vietnam flag (+84), and enter your mobile phone number (omit the leading 0)
5. Tick vào ô “I accept the terms & conditions, privacy policy and risk disclosure”

then press the JOIN NOW button 

So you have completed the Etoro account registration very quickly.

After registration is complete, you login to the Etoro page  https://www.etoro.com/login  with the account you just registered to proceed with the transaction.

66% of retail CFD accounts lose money  

4. Complete Etoro personal profile

In order to be able to deposit and perform transactions on Etoro, Etoro will ask you to fill in personal information.

To proceed with filling out personal information on Etoro, you follow the order below

Step 1 . Click on  Complete Profile  in the left corner

Update personal information

Step 2 . Complete the information with full name, username, date of birth, ..

Fill in personal information

Step 3 . Enter the address information, zip code, you do not know the zip code.

Update address

Step 4 . Enter your investment experience, you can choose whichever, it doesn't matter

Updated investment experience

Step 5 . Fill in your investment knowledge, you also go ahead and choose

Update investment knowledge

Step 6 . Trade Market, choose big and let go

Type of investment

Step 7 . Trading Stragery, just choose one and let it go

Investment tactics

Step 8 . Purpose of Trading (Investment Purpose), you just choose the right one and then next

Etoro investment purpose

Step 9 . Choosing something to give, too tired: p

Etoro investment plan next year

Step 10 . At the destination, let's choose a great one

Your financial ability

Now that you have completed the profile update steps, the next part I will guide you to top up in Etoro.

5. Instructions for recharging in Etoro

Update: Currently, Etoro allows you to top-up with local bank cards (including Vietinbank, Vietcombank, Techcombank, Sacomabank, Dong A Bank), then very handy, you can see how to top up  here.

To be able to execute Buy and Sell orders in Etoro, you need to have a minimum amount of $ 200 in your account, so you need to top up Etoro before you can place orders. Translate.

Currently, Etoro has many deposit methods that are:

- Recharge with Visa / Master Card

- Recharge by Paypal

- Recharge with Wire Transfer

- ... and many other types of recharge

In this section I will guide you to recharge with Visa / Master Card for fast and easy.

To top up Etoro with Visa you need to do the following:

1. Click the Deposit button on the left menu bar

Press the button to recharge Etoro

2. Fill out Visa / Master Card information fully

Fill out Visa / Master Card information

1. SELECT AMOUNT  : Select the deposit amount, in $
2. Payment Method  : Choose Credit / Debit Card to pay by Visa / Master Card (If you want to pay by other methods such as Paypal, ... then you can choose)
3. Credit Card Number  : Enter the card number printed on the front of the card (Note the card number, not the account number)
4. MM / YY  : Enter the month and year printed on the front of the card. For example February 5
5. CVV  : Enter the last 3 digits on the back of the card as shown below

The last 3 digits of the Visa card

Then pull down  Billing Details,  fill in full information, Full Name, Address and press the Submit  button  to proceed to recharge.

Fill out invoice details

After clicking  Submit  you just do as the next very simple instructions to complete recharge your account.

So we have finished recharging your Etoro account in the series of Etoro manuals, there are many more next sections you will patiently read further.

6. Investment Guide Etoro

As I said above, to invest in Etoro is very simple, just including that step:

- Place order to buy (Buy)

- Place order to sell (Sell)

Ok, then how to invest in Etoro by placing these 2 Buy  and  Sell  orders  , I am on the main point.

Place Buy and Sell orders on Etoro

In the interface of your Etoro account, on the left menu bar, choose  Trade Markets , where will display a list of the commodities and stocks that you want to Buy or Sell.

Order to buy or sell on Etoro

At cover, you will see the following interface

Etoro investment interface

Explain :

1. Item No.  1  : List of commodities, products that you want to trade such as  ETFs, Stocks, Indices, Commodities, Currencies , you just click on that category to choose any category. If you want to know what each type is better, you can look up Google for example "What are ETFs?", ...
2. Item No.  2 , No.  3  : Products you want to trade, to conduct transactions and place buy or sell orders, you click on that product.

When you click on any product, you will see information about that product as follows:

the detail information of product

When you feel that this product is satisfied and can be invested, then you proceed to place a Buy or sell order by pressing the Trade  button  that you have circled in red, you will see the following

Place a Buy or Sell order

The top part you will see 2 tabs are  SELL  (Sell) and  BUY  (Buy), depending on needs, you choose Buy or Sell.

1 - Product type name, selling price : in this case it is an Ethereum product, priced at $ 158,3510 / product

2 - The amount you invest in this trade:  in this case it is $ 10,000

3 - The number of products that you order , in this case 67.11 products

4 - Stop loss  - this function helps you to reduce the amount of loss when your stock is devalued. That is, when you choose this function, in this case it is $ 5, it means that when the product you invest is reduced by $ 5, it will automatically sell this product, to prevent a deep discount. (you have to carefully calculate this function as it will automatically sell if your investment depreciates)

5 - The leverage factor to use : here is x5 (therefore: 10,000 × 1 / 158.3510 = 63,150 items but we can see that the actual number of products we can buy is 67.11 units - this difference is brokerage fee)

6 - Take profit  - this function helps you protect your existing profit

7 - Place a Buy order

8 - Swap fee  (for each stock, or commodity as you from when you bought to when you sold and completed the transaction, you will be charged an overnight fee, this swap for each stock is different , and this fee will be charged on the number of shares you are trading). In the above case, the swap is $ 4 / day. (With the stock exchanges in Vietnam, there is no swap fee, so you need to note and calculate when trading)

So you have finished placing Buy and Sell orders on Etoro.

To check the products you have ordered and how profit is achieved, you click on Porfolio in the left menu and you will see the following

Etoro transaction information

1  : The remaining amount that you have not yet invested ($ 99,070.54)

2  : The total amount you have invested (in this case 250 $)

3 . Profit gained (Blue is profit, red is loss, in this case 4.66 is profit)

4 . Total current amount includes (1) + (2) + (3) = $ 99,325.20

7. Instructions to use the Copy Trader feature

This is the part that I am most interested in, because this is an extremely useful feature for new players.

Thanks to the Copy Trader feature, you can copy the trading of an investor you like.

Copy Trader gives you the ability to automatically copy the orders of any talented player that we want, that player buys us also buys, that player sells we also sells.

With eToro, the player's odds of success or failure are made public.

For any investor A, we will know:

• What rate of profit or loss have they been over the past few years?
• Their current portfolios (how many% of gold, how many% forex, how many% stocks, ...)
• What stocks are they investing in and what percentage are they.
• What is their risk ratio like?
• How many people are they are copying the buy and sell orders.
• And also a lot of other information of the player

To copy Trader of someone you need to do the following steps:

Step 1: Click  on Copy People on the left menu bar

Step 2:  Use the search toolbar above to search for the Trader you want to copy

Step 3:  Analyze potential investors

Now let's try to analyze a potential investor

1. This investor is now called  Auenwald
2. Business result in the last 12 months is:  27.71%
3. The risk score is:  3
4. There are  596 people who  have copied Auenwald

Step 4  : Analyze in more detail

Now you click on this investor to view other information

As you can see through the years  2015, 2016, 2017,  this investor achieved a return of  8.17%, 12.19%, and 14.82% . Quite successful.

Step 5  : Copy (Copy Trader)

If you feel this person is good and want to copy them, then press the COPY button and you're done

So I have finished using Etoro Copy Trader feature

8. Try Etoro

If you do not want to recharge Etoro right away to invest, you can choose a virtual account to try Etoro.

To choose virtual account for trial play, you simply choose to go to  Virtual Portfolio  to invest.

When you feel ok, choose the real account which is  Real Portfolio , and then deposit money to invest

Select demo account

9. Instructions to withdraw money from eToro

Withdrawing money from eToro is very easy, nothing too complicated. EToro currently supports you to withdraw money via the following methods:

• Cash withdrawal to credit card
• Withdraw money via Paypal and some other e-wallets such as  Webmoney , Skrill, Netteller
• Transfer money to your address the traditional way

Minh recommends using Paypal or Webmoney e-wallet to receive money quickly and avoid errors due to bank operations. Here are the steps to withdraw money via Paypal, with other forms you do the same.

• Step 1: Select  Withdraw Funds  from the main menu.
• Step 2: Enter the amount you want to withdraw (the minimum amount is $ 50 and the maximum is the un-invested balance in your account), click Submit.

Enter the amount to withdraw

At this step eToro also announces the withdrawal fee you must pay. Current withdrawal fees range from $ 5 to $ 25 depending on how much you need to withdraw. Details of the withdrawal fee schedule can be found  here .

• Step 3: Here eToro asks you why you want to withdraw your money. This step is not very important, just for reference, you can choose one of the first two items. Then click  Continue.

Choose the reason you want to withdraw the money (does not matter)

• Step 4: Fill in withdrawal information: You choose a withdrawal method that is Paypal, then enter your Paypal registration email, add a comment (if necessary) and then click   Submit .

Fill in Paypal withdrawal information

After completing the above steps, you will receive a confirmation letter from eToro to ensure that you have requested a withdrawal from your account. You just need to click on the " Review my request " button in the mail and you're done.

Etoro withdrawal confirmation email

Usually eToro will approve your withdrawal request within 1-2 days. When you receive a notification with the content below, it means that eToro has initiated the transfer process for you. With withdrawals via Paypal and e-wallets, you can receive money immediately, other channels may take longer.

Etoro remittance notice

End the detailed Etoro manual here!

9. Summary of instructions for using Etoro in whole

So I have instructed you to use Etoro from A to Z for all of you who are just starting to invest with Etoro. The article is quite long because I try to write in detail so that you just need to read through this article and understand Etoro and be able to invest in Etoro.

eToro is a multi-asset platform that offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and run the risk of losing money rapidly due to leverage. 66% 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 money.

Cryptocurrencies are highly volatile unregulated investment products. Does not protect EU investors.

This content is for informational and educational purposes only and should not be viewed as investment advice or investment recommendation.

Good luck !