When it comes to buying and selling shares, we highly recommend eToro who rightly claim that they are the world’s leading social trading platform. There are already millions of customers using the eToro online trading service and it’s a similar process to having an online betting account and using the Cash Out facility for your sports bets.
Copy our Etoro Trades
As we live and breath the gambling industry, we also buy shares in gambling companies. This has been a very profitable venture as we have the insight and knowledge.
Once you sign up to etoro you can simply follow our account and copy all of our trades. Then your trading is without the hassle of research.
Who Are eToro and Why Should I Trust Them?
When it comes to buying gambling stocks and hopefully making some money along the way, it’s imperative that you use an online trading platform that you can trust. However, we can confidently state that eToro are the best in the business and they are heavily regulated to make sure that their practices are completely fair.
On the eToro website, you will note that this financial trading platform is regulated by the FCA and CySec and there is high-level security implemented to ensure that your funds are always safe, whether they are sitting in a holding account or whether they have purchased gambling stock.
What Are the Main Reasons to Trade with eToro?
As you’ll see when you visit the eToro website, you have a number of options including:
- Investing in Stocks and ETF’s
- Buying Cryptocurrencies such as Bitcoin
- Trading CFD’s
The vast majority of customers choose to trade in stocks which can also be known as shares. This means that if a company is publicly listed on a stock exchange, you have the chance to actually own part of that company by buying stock.
eToro also specialise in commission-free stock investing and that means you don’t get charged a fee when you buy or sell shares. It’s great not to be penalised when it comes to financial trading and effectively gives you a level playing field and the chance to try and make some money.
How to Open a Trading Account with eToro
Opening a financial trading account at eToro is a very straightforward process. It’s a bit like opening a bookmaker account in that you have to choose a username and password, while you also have to submit some basic personal details such as postal address and date-of-birth.
It’s important to note that you need to accept the eToro terms and conditions and also accept the risks associated with trading financial stocks. Financial trading is a lot different to online betting in that share prices are more volatile than betting odds.
Once you have signed up and registered an eToro account, you can then choose a payment method to fund your account. There are a wide range of payment options and these include Visa, MasterCard, Diners Club International, PayPal, Skrill and Neteller. You can fund your account from as little as £10 and you’re then set up to start buying shares on the platform.
How to Buy Gambling Stock on eToro
Once you have an eToro trading account, you are then able to search for the companies which interest you the most in terms of buying shares. You can use the search or filter tools to narrow things down and find the assets which make the most appeal.
You will note that every gambling company has a different share price and these can differ quite greatly. You will also find that having £10 in your online betting account might give you the chance to make some decent cash, although this amount is just a drop in the ocean when it comes to buying shares. Sometimes it costs more than £10 just to buy one share in a particular company!
Once you have decided to buy some stock, you simply need to decide how many shares you are going to buy. You can then order a new trade or set up an order depending on whether the stock market is currently open or closed. You can choose to order a trade at the current price or alternatively request to buy when the stock reaches a certain level.
Either way, you will get confirmation on your account once a transaction has taken place. You will immediately be able to see the acquired shares in that stock when you look at your portfolio and then it’s a case of monitoring how the stock is performing on a daily basis, with the share prices constantly rising and falling when the market is open.
How to Sell Your Shares and Make Money on eToro
Like online betting, the general idea for eToro customers is to try and make money whether that’s on a short-term or long-term basis. Selling shares for a profit is similar to cashing out a football accumulator where you have correctly predicted the outcome of a number of matches and you’re able to take out more money than you put in.
Quite simply, if you’ve bought a number of William Hill shares at 250.00 and the price rises to 300.00 at a later stage, you are then in a position where you can put in an order to sell those shares should you feel this a good time to close your position. However, if you think they are going to increase further, you can instead hold your position.
What Makes eToro a Social Trading Platform?
You’re never alone as an eToro customer considering that this company give you access to key information and you’re also able to copy expert traders that also use this platform to trade their own stocks and shares. There’s the chance to locate any number of people on the “Copy People” page and look at their latest portfolio and trading decisions.
There is also the Popular Investor Program which sees a big community of investors and traders come together in order to share their knowledge and strategy when it comes to playing the market. Part of the appeal to use this program is that investors get rewarded for the number of traders they have copying their methods. It might be that you start off copying other traders and are then in a position where others start to follow you.
If you feel unsure about trading stocks and shares you can read a summary from the financial ombudsman here