How To Backtest Trading Strategy Etoro – what you need to know

Empowering Investors and Transforming the Method We Trade. How To Backtest Trading Strategy Etoro …

Intro:
Over the years, I have come across many trading platforms, however one that stands out from the rest is Etoro. Having utilized Etoro for the past eight years, I can confidently say that it has reinvented the method people trade and invest in the monetary markets.

Contents:

Intro
The Power of Etoro
Assisting My Boy Thrive with Etoro
Advantages and disadvantages of Etoro
Top Tips for Utilizing the Etoro Platform
Etoro vs. Binance: A Comparative Analysis
Etoro’s Marketing and Football Connection
Conclusion
The Power of Etoro:
Etoro has disrupted the conventional financial investment landscape by presenting a social trading platform that connects investors worldwide. It makes it possible for users to trade a wide range of financial instruments, including stocks, cryptocurrencies, products, and more. What sets Etoro apart is its unique function that permits users to immediately copy the trades of effective financiers, thereby equalizing financial investment strategies and knowledge-sharing.

Assisting My Boy Thrive with Etoro:
When my son expressed his interest in investing, I presented him to Etoro. Its user-friendly interface and thorough educational resources empowered him to discover various investment chances. Through Etoro’s CopyTrading function, he got exposure to the trading activities of skilled financiers, which assisted him make notified decisions. Etoro’s virtual trading platform enabled him to practice safe before investing real cash.

Advantages and disadvantages of Etoro:
Pros:

Social Trading Community: Etoro’s social trading aspect promotes an engaging environment for understanding exchange and concept sharing.
CopyTrading: Users can reproduce the trades of successful financiers, allowing beginners to gain from knowledgeable experts.
Diverse Asset Selection: Etoro uses a large selection of monetary instruments, accommodating the different interests and choices of investors.
User-Friendly User interface: The platform’s user-friendly design makes it simple for users to navigate and carry out trades.
Cons:

Restricted Cryptocurrency Choice: While Etoro supports popular cryptocurrencies, it has a narrower range compared to specialized crypto exchanges.
Withdrawal Charges: Etoro charges a fee for withdrawing funds, which can be a drawback for some financiers.
Lack Of Exercise Charges: Users who are inactive for prolonged periods might incur charges, which can be a concern for irregular traders.
Top Tips for Using the Etoro Platform:

Conduct Thorough Research: Before investing, use Etoro’s vast educational resources and conduct independent research study to make informed decisions.
Diversify Your Portfolio: Spread your financial investments across different asset classes to mitigate risk and optimize possible returns.
Engage with the Neighborhood: Communicate with other users, follow effective traders, and learn from their insights and strategies.
Set Realistic Goals: Define your financial investment objectives and develop a well-defined strategy to accomplish them.
Routinely Evaluation Your Portfolio: Track your financial investments, monitor their efficiency, and make changes as required.
Etoro vs. Binance: A Comparative Analysis:
While Etoro and Binance are both popular trading platforms, they deal with various requirements. Etoro masters social trading, supplying a thorough platform for both beginner and knowledgeable investors to learn and connect. On the other hand, Binance focuses mainly on cryptocurrencies and offers innovative trading features for crypto lovers. The choice between the two platforms depends upon specific preferences and investment goals.

you make money from etoro as a total newbie as you people can see right here this is the Toro so essentially what etoro is is a trading platform now the thing that makes etoro Stand Out is the important things that is really great about this platform is as you guys can see right here we have a news feed and now of course as a novice you probably do not understand what this is however think about this platform like Facebook fulfills uh coinbase for example so basically what you have here is you have a choice of various locations and the special part of this platform is that you can really talk with other individuals and see what other people are purchasing as you people can see right here in my news feed based upon the kind of stocks that I want to follow I’m going to be interacting with several other users now as you people can see right here various individuals are publishing different things someone’s posting about this stock and obviously you men can see I can actually click this stock

right here and of course this button right here I can actually invest if I wish to what’s also intriguing is that I can also go to the statistics bar as you guys can see right here I can see the sixth month I can see the trading chart and what’s likewise cool about this is I can in fact utilize this to draw tools and various things so it’s actually really great now what’s likewise cool is that we likewise have a news tab as you people can see right here so if you think that there’s going to be any type of unfavorable or positive news you men can see it says positive neutral and after that naturally you people will see if that is going to affect the stock NOW the biggest manner in which you can really make money from this platform and the most huge reason that people do use etoro

is the social trading aspect of it so basically what you wish to do is you wish to go on Discover and basically you men can see this area right here so you wish to scroll scroll down to copy Trader now if you’re wondering my account balance I am currently in the virtual um one right now so as you guys can see right here this is copy Trader so essentially what this permits you to do is it permits you to basically just mirror the portfolios of the top financiers so this just implies that if there is a top financier okay you can just simply copy their trades and you do not need to do definitely anything at all so you guys can see right here this is a list this section right here is the list of the top financiers so you people can see the return over two years over 2 years he’s posted a return of 72 over 2 years he’s posted 33 over two years he’s posted 120 27 so you people can get the idea from there you people can basically go ahead and click these guys and basically copy their trades so you people can see on the button on the top right here you men can click this button and obviously basically what this allows you to do is this will permit you to copy that

person’s trade now the factor this is in fact quite cool is due to the fact that if you have the ability to copy someone’s trade basically what this implies is invest extremely wisely without really doing any work so as you people can see right here it shows their risk level and as you people can see right here it says this is his danger score so a danger rating level of 2 you guys can see right here 2 shows us that his risk is really really low if somebody’s risk rating was level 10 obviously you guys would see that their wrist level is completely 10 and it implies it’s most likely to be volatile significance you can have extremely losses and super gains now basically all you would want to do is click this copy button right here then obviously you would simply invest the amount that you desire okay over a certain amount of time so it would say close the investment likewise right here you people can see there’s a box beneath and essentially what this does is this secures your losses so let’s state for example you had ten thousand dollars that you wished to buy and of course you didn’t want to lose more than let’s state a thousand dollars you didn’t desire your investment to drop below nine thousand dollars you would state Okay close the investment if it drops below nine thousand dollars so obviously as you people can see right there it shows if the value drops listed below 88 or 9 000 obviously that is going to be something it closes so obviously as you men can state this indicates if when you want to tick this box you copy the open trades and as a beginner you can put your money on this platform and

simply Cobble their open trades now you don’t in fact need to do anything right here this is 100 completely passive and if I click invest it’s going to proceed and for the next year or so it’s going to copy their trades now as you guys can see you can go ahead and take a look at comparable Traders right here and see their active thing now let’s make this so good guys as you can in fact see what’s inside their portfolio what they’re buying you can see what they’re holding uh just how much they’ve you understand they have actually been selling precisely what’s been providing a big revenue um you guys can see precisely what they buy you can also see the statistics you can see each and every single month that they’ve generated income you guys can see the performance obviously you men can see 2022 you guys can see how much they made every single month some red months some green months it’s absolutely a very very interesting way to do this and of course they do have an area where you can talk with individuals too so that is going to be the highlight of etoro and like I stated it’s definitely very good now there’s many different ways that you can in fact trade too so for instance let’s state I wanted to go onto my watch list right here and this is the default watch list that they give you however let’s state for example I wished to trade Tesla I don’t understand if the stock market is open today I think I think the stock market did simply open so essentially what we can do here is you can obviously trade now you can obviously trade using leverage too so you can even if you just have a thousand dollars to begin you can then of course use 5 times take advantage of people and naturally this suggests that you can

increase your position size so what’s likewise interesting about this guys is that you likewise do not wish to have a circumstance where the over night feed um ruins you because of course as you guys can see right here when you trade with the leverage people there is an over night cost because of course you’re utilizing another person’s cash you guys can see the overnight charge I’m unsure if you people can see might have to focus it’s four dollars on a weekend and one dollar per day so that implies each and every single day that is going to be the fee that you pay to etoro for using their cash now if you simply utilize primary utilize regular take advantage of then you’re not going to be paying that much depending upon The Utilize you utilize there’s going to be an increased fee because of course your obtain covering that cash now understand that obviously buying um any considerable quantity of Tesla obviously as you guys can see it in fact shows right here the real worth of our actual trade and obviously basically what you want to do here people is of course I would try out the virtual account first since this is going to get you to grips it’s going to have the ability to show you uh how you can really use the platform to generate income now of course if you don’t wish to purchase you think a Stock’s going to go down you can do offer of course it’s basically shorting the market so obviously this is going to be something that you can easily do and then of course we have actually got various ones you can buy here so basically what you want to purchase and if you think Tesla’s gon na go to 120 you can do order and then you can strike 120 and say okay when checked is 120 I desire 2 500 to go in and of course you men see the rate there so that is something you can do and obviously it will be bought with leverage

and naturally you guys can see you can set your take profits and things like that so that is something that you can do what’s also fascinating too is that you can actually talk with all these individuals that are buying Tesla and see their things so you people can see this person’s asking is it going up or down um and the reason I picked Tesla is due to the fact that it’s an extremely interesting stop at the moment so it’s definitely extremely extremely fascinating and what’s likewise interesting as well is that you can also see I think you can see the marketplace sentiment as well because uh you understand it’s definitely something that you know you require to look at and if you likewise wish to take a look at the business’s balance sheets you can see whether it’s going up or down naturally you guys can see in general there’s an uptrend of course you people to see the earnings is likewise going it’s in fact pretty stagnant but it’s still in quite an uptrend so um as you people can see it’s certainly really really intriguing and you people can see the last 3 years for Tesla have actually been absolutely outrageous so all of that stuff alright and when you go to the analysis tab I believe this is where we have some truly excellent signs um I’m just uncertain if this is working yeah so you people can see that right here we have the analysis tab now you can go to any stock click the analysis tab right here so just click analysis and then basically when you scroll down it reveals you if it’s a buy or not now individuals will be stating um it shows you if based upon 16 of using under my condition on Tesla it says moderate buy it shows you likewise the forecast all right the prediction is that it’s going to be at 232 which is an 87 gain based upon 16 ranked

experts and naturally as you guys can see over the next 12 months people are targeting four to nine naturally 258 and obviously 87 at the bearish quote so it offers you a good area um on what you want to do and of course you people can see it links to the short article so you can read the short article since they in fact publish these for the general public obviously you people can see um Tesla and obviously as you men can see right here when you scroll down you can see a lot more information about this stock so you people can see that the the sentiment of course

Etoro’s Advertising and Football Connection:
Etoro has effectively utilized strategic collaborations and sponsorship handle top football clubs to raise brand awareness. By associating itself with the enjoyment and passion of football, Etoro has reached a wider audience and captured the attention of sports fans who are also interested in investing.

Conclusion:
Etoro has actually changed the investment landscape by producing a platform that combines social trading, instructional resources, and a diverse range of financial instruments. As a retired hedge fund supervisor, I highly advise Etoro for those looking to start their financial investment journey or enhance their trading skills.