How to start investing? Step by step instruction.

1. Start by creating an eToro account. You can do it here https://www.etoro.com/accounts/sign-up

2. Your e-mail, password, date of birth and address are enough to set up an account.

3. You will be able to start investing right away, but with an amount not exceeding $2,000. You can make a deposit in many different ways, I described it here

4. For the account to be fully functional, full verification of your data will be required, as in the case of a new bank account. The system will ask for a scan / photo of your ID card and proof of your place of residence, e.g. a phone bill or bank statement. Data verification may take from several hours to several days.

5. You will need to answer a few questions to test your knowledge of investing and financial instruments. Answer them as your knowledge allows you. Some of the investment options may be blocked in case your experience is not enough to use them.

6. These are formal requirements imposed on financial institutions by organizations regulating and supervising the financial market. Based on the answers, the system will adjust the products available on the platform for your investments. You will be able to extend them in the future. No advanced investing knowledge is required for basic equity investments.

7. After going through the above and depositing funds to your investment account you will be ready to go. Choose a strategy from one of the Popular Investors, create your own or use the virtual wallets created by the eToro team. You can read about which option might be the best for you here.