Introduction
New eToro traders frequently do not understand precisely how to sell on eToro platform. Traders have experienced massive losses due to confusion of the platform’s core terms and concepts.
We will go through what eToro is, how they are used, how they impact your trading decisions, and how to use them to win trades in this section knowledgeably. You might be interested in our eToro review. So there we have it.
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What do you mean by eToro?
eToro is a social investment and multi-asset company established with 10 offices worldwide, including the United States, the United Kingdom, Israel, Cyprus, and Australia. eToro’s platform supports manual and social investing and is accessible via the official www.eToro.com website and the eToro mobile app.
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What is the purpose of eToro?
The eToro platform gives traders and investors with access to over 2,000 different financial assets, including stocks, cryptocurrencies, ETFs, indices, currencies, and commodities, most of which can be invested in with or without leverage, allowing people to easily access short-, mid-, and long-term investment options.
It seems simple enough.
It is not quite that simple. You need to understand that I have had a steep hill to climb. While I have been having a great time, I have also made some dumb mistakes.
For complete beginners, the eToro platform and the concept of trading can be intimidating at first. So, with the benefit of experience and my knowledge of eToro, I decided to put together such a detailed guide to assist others in achieving high performance as soon as possible. And now for something completely different.
Is it safe to invest in eToro?
Yes. eToro complies with FCA, CySEC, and ASIC regulations, which means that precautions are taken to protect investors. Our clients’ funds are fully protected in top-tier banks on eToro, and all of their personally identifiable information is protected by SSL encryption.
How to Create your investing account?
Register with eToro.com
There is no lengthy paperwork here; it is free and effortless! Simply enter your information and select a username. They request your phone number to protect your account’s security.
You’ve now entered the world of real-time trading, but before you can make any trades, you must first complete your profile.
Complete your profile
This is an essential procedure in protecting your account and tailoring the eToro platform to your particular interests.
The first section demands basic personal information (you are not required to enter an ‘Identification Number’ if you are doubtful).
Following that, there are a few questions about your trading experience. It’s not a test, so don’t worry about your answers; instead, try to be truthful.
Make a deposit
Click Continue to deposit in the bottom left corner. The smallest deposit you can make is $10, but I recommend starting with at least $50 if possible.
Become comfortable and familiar with the platform.
For the time being, I’ll just give a short overview of the essential sections of eToro. We’ll go over each one in detail later as I discuss how to browse and trade.
Watchlist
Organize the people and markets in which you want to emulate or invest. You can make several checklists, such as ‘promising stocks’ and ‘people to copy.’
Portfolio
The anxiety system of your investment ride. See all your open trades with live tickers and values, and track your progress.
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Feed of News
This one is equal to your Facebook News Feed, where you see everything the traders you follow have recently done and said.
Copy People
Look for other traders you might want to emulate or follow. Many valuable filters are available to help you pinpoint the results you seek, such as markets and performance.
Copying other successful traders
This is the most transparent and easy way to invest in eToro. When you copy anyone, every trade they implement is opened in your account simultaneously and then closed when they close it.
It is all approximately equal to how much of your total account’s funds you choose to allot to them, but you will end up with the same rate of return as they do.
Finding trustworthy traders to copy on eToro is not always as simple as it appears. You must be aware of what to appear for and what to avoid.
Identifying the best traders to copy
To begin, go to the eToro sidebar and select ‘Copy People.’
You would scroll down a bit or use the advanced search feature to find famous trending investors. You can keep changing everything to fulfil the requirement you’re looking for in potential traders to copy.
Examining a trader’s previous performance
We will keep advising you through the process of analysing a specific trader before highlighting the exact methods to copy a trader, so you know what to look for and how the process works.
How to copy a Trader
The act of copying is simple and clear. Once you’ve found a trader you believe is trustworthy, open their profile and click the blue ‘Copy’ button. You’ll then be asked to enter a dollar amount to copy that trader, and some vital info will appear.
How to Start Buying Stocks and Shares
Select on ‘Trade Markets,’ following ‘Stocks,’ and finally ‘Industry.’ Choose an industry,
You will be able to see the list of all stocks available for trading on eToro, along with their respective prices and changes over the previous day.
Let us say we want to buy $50 worth of Apple stock. When you click on ‘AAPL’ (Apple’s stock exchange ticker), then you will see the ‘Feed’. This shows all of the most recent news and information feeds surrounding the Apple stock price and the company’s overall activity.
To view a chart of the company’s stock prices over the last year, click ‘Chart.’ You can change the period displayed by zooming in and out.
You should also have knowledge of Equities: What are equities and types of equities which make you a knowledgeable Investor and Trader.
How to Sell on eToro
eToro trading stocks without paying commissions, and it is easy to sell on eToro. After logging into the platform or mobile trading platform, you can open your portfolio, choose an instrument, choose the sell option, and close the deal.
The following are the steps to begin selling stocks on eToro:
- Begin by logging into the platform.
- Click on your portfolio, then on the item you want to sell, either on the online trading platform or the mobile trading platform.
- Close your position
- Purchase something or withdraw the funds.
How do you open a SELL position On eToro,?
It is easy to open a short position on eToro. Simply open trade and switch the “BUY” to “SELL.” Once users do that and open your trade, the position will be opened as a short-selling position. When you open the position, it will appear in your portfolio as a “SELL” position.
Prices on eToro have an expansion, which means that BUY prices are higher than SELL prices. So, before closing a short position, verify the platform’s BUY price, as that is the price you will receive.
Closing an eToro Trade
Only trades that you presently own on the eToro platform can be closed. Suppose you bought or sold DIS (The Walt Disney Company) stock last month and made a nice profit today. Simply go to your portfolio and select “DIS” from the list of stocks to lock in your profits and close your trade.
How to sell crypto on eToro?
- Select “portfolio” from the menu.
- Locate the cryptocurrency you want to sell.
- To sell a position, click the red X next to it. Swipe left on the position and tap the red X if using a mobile device.
- When you click the “Close Trade” button, your position will be closed during market hours.
Conclusion
eToro is a significant trading platform with users worldwide, and it’s a great place to start if you’re new to trading. On eToro, you can also find informational material to help newcomers learn more about trading. A demo account feature allows you to practice trading with simulated money.
You should be able to quickly sell crypto and stocks on eToro if you follow our step-by-step guide. It is also beneficial to become connected with the platform’s user interface. And, of course, we advise all of our viewers to understand the risks involved in trading and to trade with caution at all times.
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Frequently Asked Questions(FAQs):
1. Why I can’t sell on eToro?
Ans: The sell option is not available for volatile stocks. Also If you are selling your Shares or any holding but there is no buyer in the market then your trade can’t be Executed.
2. How to sell on eToro?
Ans: The following are the steps to begin selling stocks on eToro:
- Begin by logging into the platform.
- Click on your portfolio, then on the item you want to sell, either on the online trading platform or the mobile trading platform.
- Close your position
- Purchase something or withdraw the funds.
3. How to sell Crypto on eToro?
Ans: Following steps you should follow to sell Crypto on eToro:
- Select “portfolio” from the menu.
- Locate the cryptocurrency you want to sell.
- To sell a position, click the red X next to it. Swipe left on the position and tap the red X if using a mobile device.
- When you click the “Close Trade” button, your position will be closed during market hours.
