4 tips for a first-time investor

This post is brought to you by eToro.

Investing your money can seem like a scary thing to dip your toe into, but thanks to platforms like eToro it has never been easier. eToro want to make online trading accessible to anyone and its tools — on the website and app — are easy to use which makes the whole process even less daunting! So if you want to start investing in your favourite brands, from Just Eat to easyJet, here are four ways to make your first investment a stress-free experience!

And let’s not forget eToro is running an amazing competition where five people could get the chance to win £10,000 to invest in stocks on the eToro platform. T&Cs apply. What’s more, you’ll pay no stamp duty or dealing charges on an unlimited number of stock trades! Get more info and enter here.

1. Don’t overcomplicate it

It’s easy to get put off from investing simply because you don’t think you have the knowledge to do it well. eToro’s number one priority is to make online trading accessible to all and thanks to features like Copy, you don’t have to go it alone. CopyTrader gives you the option to automatically copy traders of your choosing, replicating what they do in your own account - ideal if you don’t have lots of time.. CopyPortfolios use the collective knowledge of successful traders and puts them into one fully-managed portfolio you can invest in. Simple, right? Also, there’s no need to worry about not being a risk taker either as they have a lot of different options from low to high risk.

2. Get social

Nothing is more powerful than sharing knowledge, especially when it comes to financial matters, which is why eToro’s social trading is so good. With lots of successful traders using the platform to share their best strategies and nuggets of wisdom, you’ll have all the knowledge you need.

3. Get yourself up to speed

It’s a well known fact that when it comes to financial matters, we don’t leave school the best prepared for money matters but at eToro they are really hot on making sure everyone has the right financial info. The platform offers a bunch of resources to demystify the world of online trading that are so simple, even beginners will find relevant info. From webinars to e-courses, there’s a style of learning for everyone.

4. Practice

One of the best things about eToro is that when you sign up you can practice with a demo account. You’ll get $100,000 of virtual money to play with, so you can gain a bit of confidence and work out how the world of trading and investments work.

Don’t forget to enter eToro’s competition for the chance to win £10,000 to invest in stocks on the eToro. T&Cs apply.

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

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 your money.

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