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*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
How to buy
For those who live in Egypt, the best way to buy Tron is, without any doubt, this popular broker.
eToro*, one of the main brokers around the world, is registered and licensed, among others, by the Cyprus Securities and Exchange Commission, and therefore complies with all the regulations of the European Union, the most demanding in the world.
We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in our language, accepts users from Egypt, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.
How to sign up, step by step
The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.
Then check your email: you should have received an email from eToro, click on the button and your account will be verified.
Once on eToro, you just have to click on “Deposit funds”, in the page menu.
There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:
As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.
How to make your first purchase
As soon as eToro has confirmed the receipt of your credit, you just have to search for “Tron” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
What is Tron?
Tron is a decentralized platform launched in 2017 that, like all cryptocurrencies, works with blockchain technology. With the difference that it can process 2,000 transactions per second, unlike Bitcoin and Ethereum which do not exceed 25 transactions per second.
The Tron platform was conceived with the idea of being an entertainment platform that allows to store content in a decentralized way. Also enabling access from anywhere in the world in an easy way and generating profitability for content creators.
This is how after selling its tokens in August 2017, it launched the Blockchain Explorer and the Web Wallet in 2018. These with the idea of being able to access content stored on the Tron blockchain and store cryptocurrencies.
One of Tron's goals is to eliminate middlemen in the distribution of content and have the profits generated go directly to those who create the sources of entertainment.
An example of this would be to replace the Streaming platforms model. In this model, we pay subscriptions so that they then pay the content creators. Whereas in the model presented by Tron we pay the creator directly without the middleman.
Eliminating the middleman brings with it a direct consequence, cost reduction. This benefits both the creator and the person who enjoys the content. By not having the middleman, the creator receives a little more for his work and whoever acquires the content, also pays less for it.
Tron and the acquisition of BitTorrent
Framed in this idea, Tron Foundation, the company behind the Tron platform, acquired BitTorrent in 2018 for $140 Million. And as we know, BitTorrent is a content distribution platform that works with a peer-to-peer distribution protocol, like cryptocurrencies.
BitTorrent is one of the most widely used platforms for downloading audiovisual content (movies, series, documentaries). Its acquisition by Tron represents a milestone and positive point since, it took advantage of an already existing platform to advance its proposed objectives.
The future of Tron
Although Tron is a young platform, it is a favorite among developers for creating decentralized applications because of its simplicity and transaction speed. And although with cryptocurrencies nothing is assured, it is well known that behind Tron there are a lot of big Chinese Investors backing the cryptocurrency.
And finally, what most differentiates Tron from other young cryptocurrencies, besides the improved transaction capacity, is the fact that it is focused on a single sector, the entertainment sector.
- You can copy trading moves
- Admits “shorting” or short-selling
- Very user-friendly and straightforward
- You can leverage
- Lets you invest in countless of different products
Go to the official page: www.etoro.com *
In case you are interested in acquiring Tron from Egypt, eToro may be the best way to do it.
“Social trading”, a relatively new form of investing by replicating techniques and strategies from other experienced investors, has become trendy because of eToro.
eToro is very helpful if you are still a beginner in trading, because it puts your investment on autopilot by imitating moves from other experienced people with a long profit history. Also, in case you do have experience in investment, the platform pays you for sharing it with the community.
Besides, the platform is so uncomplicated, ideal for a user who wants to begin in the Tron world, without ending up overwhelmed with tons of numbers and information.
What are the instruments you can trade in eToro?
You already know about criptocurrencies, there are other financial assets you can trade with .
Now let's discuss the most popular instruments: stocks or shares. Stocks are portions of publicly traded companies. It is possible to obtain a profit with the performance of third-party companies just by investing money in them. But of course, you have to know where to put it.
We can categorize stocks into two different kinds: those that pay dividends and those that do not. Those that pay, at the end of the fiscal year, distribute profits among the stockholders; the latter, on the contrary, do not. Does that mean that you should only consider the former? No, of course not: if a company does not pay every year but has a lot of potential, you should not give it up just because it does not pay you every year, since selling the shares eventually could pay much more.
On eToro, if you choose a company that pay out dividends, you will receive them in your account, and you can collect them in cash or reinvest them. Our suggestion is, if you don't need the money right away, that you take advantage of compound interest and reinvest it in the company itself.
If you trade with stocks on eToro, you can use leverage to “dope” your trades. However, it is not advisable, since it would be a CFD and you would not get dividends. On top of that, shares are usually long-term investments, and you have to pay commissions as long as your operation is open.
Most investors trade with raw materials because of their stability. While other assets tend to fluctuate more, commodity prices vary less and offer security against inflation or market volatility. However, prices are subject to supply and demand, so if the fear of possible inflation produces higher demand for a certain good, the price will also rise.
Consider that the only intended profit from the investment in raw materials will come from their further sale because these kinds of assets do not pay dividends.
Commodities can be divided into two main types: hard raw materials and soft raw materials. The former include precious metals (such as gold, silver, copper, and platinum), industrial metals (like iron, nickel, or aluminum), and oil; and the latter are agricultural resources as cocoa, soybeans, rice, or sugar.
What do you know about Exchange-traded funds or ETFs? They are similar to index funds and are known for merging the benefits of stocks and mutual funds: they can be exchanged at any moment in the market, but include a much wider diversity of assets and considerably lower rates.
Index funds are suitable for those planning to invest for the long term, mostly for beginners. If you don't need an amount of money for the next five or ten years, index funds offer you variety and lower risks.
Perhaps you have a different idea, but very few investors can beat the benchmark (although you have probably heard of managers who achieve huge returns).
But putting aside some unusual cases (like Warren Buffett's), all that glitters is not gold: when someone brags about having beaten the index, they have probably done so for a short time, or charges so many commissions that it ends up being better for you to index (whit minimal commissions). Also, take into account that if something happened in the past it doesn't mean necessarily that it will happen again in the future.
With index funds, you won't be concerned about that: they usually beat active managers in the long term, and the commissions are minimal.
Currency trading or Forex consists, as the name says, in the exchange of currencies. It's the conversion of one currency to another to make a profit through the operation.
If you decide to exchange the EUR/USD pair, you speculate how many dollars it will take to buy a euro, thinking that the euro will raise its price compared to the dollar. Therefore, if you purchased each euro at 1.15 USD and you sell them back when they are worth 1.20 USD, you'll be earning that margin.
You may be thinking by now that this form of trading requires investing considerable amounts, and that is correct, since increases in prices are never that dramatic, and if you use a lot of leverage to counter that, you will take a considerable risk. If you are just starting in trading, we don't recommend beginning with this market, because it is very risky and intricate.
You can exchange with almost every popular currency on eToro but remember that in this market sales are made through contract for differences, therefore you will not be the owner of the underlying asset.
About Contracts for Difference
You probably have seen the term CFD all the time if you entered eToro before. Before we come back to this, we must say that CFDs on eToro are only possible when you go short or leverage higher than x2 (although the platform does not even allow this option).
FYI, and if you want to know about day trading cryptocurrency or other trading practices, you will also find terms such as short-selling and leverage.
eToro allows you not only to bet when you are “in the black”, but through CFDs you can also bet “in red”. For example: you have the conviction that the Tron will go down, so perhaps it is obvious to think “if it is going to depreciate or go down in price, I'll just wait and go when it has gone down”. But if it really falls, it might mean extra money for you.
The operation known as “going short” will allow you to do that. It functions, pretty much, as it follows:
- You ask someone to lend you, for instance, 100 units of Tron, which cost $ 5,000 at the moment (obviously, these numbers aren't real)
- You sell them at their current price, $ 5,000
- The Tron devaluates from $ 50 to $ 30
- You buy all 100 units one more time, but now they are worth $ 3,000
- Now you return the 100 units
- You keep the $ 2000 difference!
It is far more simple than it may seem. Just take into account that by trading in Tron on eToro, with CFDs you can earn money when you anticipate downs.
How are CFDs and futures different?
How are CFDs and Futures different?
- Futures: the counterparty is someone else, another trader.
- CFDs: the counterparty is the brokerage platform (eToro). That means you don't “play” against or with another individual but the bank.
- Expiration date:
- Futures: they expire on a given date. When that moment arrives, the contract is closed even if you are in red.
- CFDs: there is no expiration date. It is possible to get back to a good position before exiting.
- Futures: very little variety
- CFDs: a lot of variety, there are CFDs of practically anything
- Minimum investment amount or “trade size”:
- Futures: very high minimum investment
- CFDs: you can get in with a lower minimum trade size
- Trading costs:
- Futures: costs are usually lower
- CFDs: higher (although they are not excessively high either)
- Futures: it isn't possible to leverage
- CFDs: fully available
eToro payment methods
Among the payment methods that you will find on eToro are: bank transfer, PayPal, credit card, Neteller, and Skrill. There is not much to say here: making a deposit with eToro is very easy. Just go to “Deposit funds”, type the amount and select a payment method from the previous ones.
Evidently, for security policies, you need to be the account or credit card holder.
The minimum amount required is $ 200, and there is a maximum limit for unverified accounts. Thus, if you intend to operate with large amounts, you will need to verify your account previously.
eToro accepts deposits in any currency, but you will have to pay a fee for the conversion to USD. So it is better to use USD from the beginning.
Have you heard about “social trading”?
eToro was the first broker to suggest trading as a social activity, and time has demonstrated that it was a bright idea. A lot of copycats have appeared since then, but I have tried them all and eToro is still the best.
But they didn't limit themselves to transferring the logic of the social network to the trading world. They could have made the umpteenth social network in which users discuss investing, but they were not satisfied with that: the main contribution of eToro was to allow users to replicate the strategies of experienced traders, and to reward them latter for their knowledge.
You will find in the left menu of the page the options “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” are a kind of portfolio that bundles a number of financial assets in a certain sector. For example, if you think that the gaming industry is going to prosper shortly but you don't have enough information (or time) to choose stocks, you just have to pick the CopyPortfolio called “InTheGame”, which includes companies like Microsoft, Google, Tencent, NVIDIA, Logitech, Intel, AMD, Nintendo, Ubisoft, Unity, among others.
At the date of writing this article, this CopyPortfolio has generated a 100% profit in the last year, and it is as simple as clicking on “Invest”, select the amount, place the stop-loss and wait.
But you can also copy other successful traders of the platform. With “Copy People” you can locate them and replicate their strategies easily.
In each user profile, you will see their risk profile (how much risk do they take when trading), their performance, and what type of assets they operate..
And although replicating other user's strategies can be appealing, you should also make the most out of the platform's community, read what other users think, and learn from them. It is a great source of information and knowledge, especially if you want to turn investing into a lifestyle.
How does a virtual account work?
Are you beginning in trading? Using a demo account can be useful. Just make sure the virtual mode is set in the top left corner of the page and you can start practicing with a “fictional” balance.
This can be a great way of gaining experience and confidence before starting to trade with real funds. The platform will give you an amount of $ 100.000 (“fake” or virtual, of course) to begin with, and you can trade with all the different assets available on eToro, not just with Tron.
Don't worry, since if you lose all your virtual funds, you can contact support so they can add them back to your portfolio and you can make a second attempt.
Keep in mind that you should always be cautious when trading, and perhaps using a demo portfolio can make you a bit impulsive. It will never be the same as risking your own money.
Evidently, if you are going to invest in the medium or long-term, with earnings almost assured only by duplicating an index, it is absurd that you invest in the virtual mode and wait for years. On the other hand, short and medium-term operations are ideal to try out with the virtual mode.
Frequently asked questions
* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% 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.