Practical Guide To eToro Take Profit

The eToro take profit tool represents a trading platform action that enables traders to create a profit limit. This means that when the traded asset reaches a specific price, take profit is actioned, the set profit level is achieved, and the trader sells the profited portion of the trade. 

eToro is the leading social trading broker in 2020, and it provides an online platform that enables members to interact, help each other, share their insights, and follow or copy the each other's trades. It is an excellent solution for beginner traders to get similar gains and losses as professional traders. 

But even before establishing itself as a leader in social trading, eToro was a top online broker due to the following benefits: 

• Access to several stock exchanges and financial assets like cryptocurrencies, stocks, and commodities 
• Excellent flexibility for leveraging investments, short selling, and day trading 
• User-friendly trading platform 
• No commission applied on shares in long positions without leverage 

eToro was established in Tel Aviv in 2007 by three entrepreneur brothers David Ring, Yoni, and Ronen Assia. They discovered the need for premium trading solutions that are easy to understand and accessible to the general public. 

They focused on developing an intuitive and user-friendly trading platform. This focus helped them to generate $30 million in initial start-up funding, which in turn allowed them to extend their services internationally in Asia, Europe, and the United States. 

In 2010, eToro launched the world's first social trading platform and gained recognition for the trading strategies done by established investors. 

Today's data shows that eToro is: 

• A leading broker in around 150 countries 
• A CFD broker with up to 800 financial products available 
• A social trading leader with access to well-known investors 

eToro has several assets options like stocks, commodities, ETFs, cryptocurrencies, indices, and currency pairs. These assets have a reputation for their high volatility, meaning they are suitable for taking advantage of short-term opportunities. Keep in mind that you won't invest directly in an asset in most cases but instead in a Contract for Difference (or CFD). 

CFD is a contract in which traders and brokers agree to mimic market conditions and settle the difference between the buy and sell prices when the position is closed. This is one reason you don't need a special securities account to trade with eToro. 

Being able to trade without a specialized trading account makes earning money on eToro a reality for many people. In addition, we highly recommend following the online trading and stock market news. These data sources can provide useful insights into market trends, tips, and expert analysis. 

Selling on eToro means that a trader speculates that a falling price of the financial asset he plans to invest will happen. In other words, it's like a trader is betting on a price drop from the time when he opens a position until he closes it. 

The higher the difference, the greater the possibility of profit. Be advised that this also means greater losses when using leveraged trades. 

As mentioned above, eToro is the leading social trading broker in 2020. It has a long track record, and it has continually improved its offering since 2010. 

Social trading at eToro allows traders to interact and share knowledge, allowing community members to copy each other's trades. It is a simple concept: investors are identified and selected by the eToro algorithm based on their skills and performance. The selected investors are he featured in the "Popular Investors" area and allowed to publish their strategies. 

Any member can "copy" their strategy. That means follow their advice, achieve benefits based on their analysis, and get a real-time copy of their strategy. All with just a single click of a button. Copy trading lets many beginner investors participate in day trading when they would otherwise not be able to. 

All investors that get copied receive compensation from the eToro, who pays as much as 2% of the assets under management. So, it is an excellent innovation that contributes to the "democratization" of retail trading. This copy trading concept allows you to invest: 

• Actively, by making your own decisions based on inspiration from top traders 
• Passively, by instantly copying the strategy of one or more traders of your choice 

Since this broker has had tremendous success with copy trading, it launched a copy portfolio with investment tools that offer access to a set of financial assets managed by professional traders. This is advantageous for beginner traders since it can help gain a more in-depth understanding of how markets and trading strategies work. 

eToro is a professional broker that focuses on a transparent policy for supporting and developing its clients' skills. Since some technological tools are necessary, eToro provides access to useful materials to help beginners understand the peculiarities of online trading. 

As is the case with its competitors, eToro has a "demo account" functionality where it is possible to experiment with all the tools that eToro has to offer using real-world market data, but without any risks. This virtual trading account is credited with several thousand euros, and is a good starting point for any curious trader, no matter the level of experience. 

Everything in the demo account is similar to the real money account. The purpose of this approach is to offer a glimpse of the real experience a trader can have with eToro. 

eToro is an innovator when it comes to making online trading accessible. It is one of the first to develop a mobile application that is on par with the PC and MAC versions. Also, this broker allows direct access to its platform on the website with no download required. 

We believe that eToro's platform was created to make trading operations smooth and transparent, making it great for all types of traders, including the less experienced. 

We experienced no issues in "getting to grips" with the platform during our tests, and the data security of our financial actions was accurate. eToro's data encryption protocols protect your profile from cybercriminals, which is invaluable in today's climate of identity and digital theft. 

Lastly, eToro's "social networking of finance" offers useful insights on making the right decision at the right time. 

eToro makes a noticeable commercial effort by not charging any commission on shares, as long as they are in a long position (BUY) without leverage. That means that you won't be charged trading fees for opening and closing a position, and no additional costs will be added no matter the length of time you hold them. 

There is no restriction on the amount invested or the number of shares. So, it is an excellent opportunity for beginners to place simple orders without paying excessive fees.  

If trading is done via CFDs, there are two types of commissions involved: 

• Day-to-day commissions that run for the duration of the position 
• The spreads (the distinction between the buying and selling price) which depend on market conditions 

We believe eToro is a great general public online broker due to its long track record and desire to provide a comprehensive online trading experience suitable for everyone. 

The core principle at eToro is that any trader can aspire and reach success with access to solid motivation and adequate learning tools. This online broker provides access to top tools and reliable platforms to facilitate each trader's work. 

Both copy trading and social trading at eToro are more than attractive for beginner traders. There are several advantages, including competitive trading fees and the versatility of financial assets. 

There are diverse vital constituents to keep in mind when choosing an online day trading platform, such as eToro:   

• the experience a broker has with day trading   
• the customer support available   
• the regulations and the best play an arbitration role in case of disputes or loses   
• the timeframe for deposits and withdrawals   
• the international presence in several counties   
• the access to a multi-cultural customer support staff   

Based on these features, we shared a comparison table to help you decide which the best day trading broker is in 2020. We analyzed eToro compared to the top brokers in 2020 that offer the best features and platforms for traders.   

eToro can be a volatile market that can pose serious challenges, even for experienced traders. Besides the online educational resources, you can use several other tools to better understand the unique benefits of eToro markets.   

Overall, eToro is considered an industry leader, thanks to its focus on innovation.   

The first thing you want to study when selecting a day trading broker is its longevity or track record in the market. It is a crucial element in your trading strategy that can help you avoid significant financial loss. eToro is the leading day trading broker with 12 years of experience on the market and headquarters in Cyrpus and the United Kingdom.   

eToro has several regulations, being supervised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Instruments Directive (MiFID), and the Australian Securities and Investments Commission (ASIC).   

The main competitor of eToro is IC Markets. This broker was established in 2007, having a long track record and its main headquarters in Australia. IC Markets is monitored by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).   

Another factor to consider when choosing a day trading broker is whether it is at the forefront of innovation. eToro offers more than 1000 trading instruments, an online and mobile platform, and a user-friendly interface for all their services.   

Beyond that, eToro supports several third-party trading platforms, allowing its clients to use distinct markets worldwide. Thanks to its innovation and ability to seek ways to keep their competitive advantage, it is a world-leader broker.   

IC Markets, the main competitor of eToro, provides up to 232 instruments and segregates clients' funds according to law.   

Day trading fees and commissions must be transparent. The top-rated day trading broker is eToro due to the competitive offers for commodities, stocks, CFDs, forex, indices, social trading, and cryptocurrency. This broker has a minimum deposit of $200.   

Another leading day trading broker is IC Markets because it offers CFDs, spread betting, forex, share dealing, and cryptocurrencies. IC Markets has a minimum deposit of $200.   

Convenient withdrawal and funding methods are fundamental for the best trading experience.   

Customer support is essential when it comes to day trading. Dealing with brokers and investing can often require several interactions with customer service. These interactions may take the form of training, installation, upgrading, troubleshooting, or even cancelation of service.   

eToro offers reliable customer assistance via phone, email, and live chat. This service is also available in several languages like English, Spanish, German, Italian, and French.   

IC Markets is well recommended for its reliable customer support, available in English, Chinese, Japanese, Afrikans, Polish, Dutch, Danish, German, and several other languages.   

Both day trading brokers let you reach support by phone, email, or chat.   

Educational resources can help you gain in-depth knowledge about day trading. Both eToro and IC Markets do their best to provide top insights and news to their clients.   

So, before choosing a day trading broker, you should check to see whether it offers access to comprehensive trading resources. These might include education, analysis, and risk-management tools.   

#7 Regulations   

A broker regulated by leading authorities comes with a lower risk. These regulations will protect clients and ensure the broker offers qualitative services. Also, the broker regulation will minimize fraud and financial harm.