How To Invest Money Step By Step Tutorial For Beginners
In this article we will talk about one of the easiest way on how to invest money for beginners. If you decided to invest money probably you did the best choice because it's like saving money in the bank but more profitable. There are also a lot of risks because any time you can lost all your money if the market go down, but in the same time you can earn a lot of money if the market go up.
How to invest money
How to invest money? There are a lot of ways you can invest money on market but in this tutorial we will talk about Etoro. Etoro is a social trading platform with registered offices in Australia, Cyprus, Israel, United Kingdom and United States, also in 2018 the company value more than $800 million dollars.
The best thing about this company it's that you can invest money very easy with just few clicks, also if you don't want to spend your own money until you understand better the app you can do this too, because there is an option in the app where you can choose if you want to invest from a Virtual Portfolio. If you choose this option you can select an amount of money which will be added to your account. Using the Virtual portfolio you will be able to do everything you can do in the Real account, then when you feel prepared for real action you can deactivate the Virtual portfolio and start investing real money.
The second thing I like about Etoro is that you can copy other people. Let's say you don't know anything about investing but you still want to invest, you can do this because they have a featured called "Copy people". By this feature you will be able to assign a buget to an investor and when they will buy a position automatically you will buy too, the app will do everything automatically. Even thought this features is awesome you have to be careful when you choose an investor to copy because you can lose money too. Anyway, after you login in the application you can check all investors before you copy, and there is a Risk field on their accounts, the higher is the Risk, the higher is the change to win or lose money. Until you get some experience you can go for a medium Risk Investors.
What you can trade on Etoro:
- Stocks - Apple, Tesla, Google, Facebook, Amazon, etc
- Cryptoassets - Bitcoin, Ethereum, Cardano, XRP, etc
- Commodities - Gold, Oild, Natural Gas, Silver, Platinum, etc
- Currencies - EUR/USD, GBP/USD, AUD/USD, etc
- ETFs - VXXB, SPY, TLT, HMMJ, QQQ, etc
- Indices - SPX500, GER30, NSDQ100, etc
I think you can almost any company, even new IPO comapany appear on the platform right away. Etoro has many benefits that can help you earn more money, for instance another nice feature is that if you open the application using the website, you will be able to see how many people are buying and how many are selling for a certain company or indice.
This is one of the easiest way on how to invest money, because as I said earlier you can get started with the Virtual account where you can buy and sell anything you want until you learn how to use the app properly. Let me know what you think about this platform and also if you need any help let me know in the comments section. Also if you read more about other method to make money online check the posts here.