Q: Why are you trading with eToro?
A: I looked at a few online platforms and found etoro to be very rewarding and easy to use. I’ve been trading with eToro ever since and haven’t looked back.
Q: How did you hear about eToro?
A: I found it on the web.
Q: What is the most important lesson you learned about trading so far?
A: Never to be too greedy. You have to set your entry and your exit from the beginning and stick to them. It always seems like the market is going to go in the same direction forever, but it never does.
Q: What is the most important tip you can give to novice trader?
A: Use a lower leverage. If you trade with high leverages and you’re not certain what you’re doing, you’re not even going to have time to get out of the trade because the market will wipe you out before you even know it. Try to lower your risk as much as possible.
Q: Please give me a general describe about your trading technique/strategy?
A: I trade short term for low profit. I don’t have the capital or the patience to trade long, though I’m sure the reward is higher. It’s all about sticking to a strategy that you’re comfortable with, that you know you can be disciplined enough to follow through with.
Q: Did your AM help you to improve your trading?
A: Yes very much. He gave me a lot of tips at the beginning, such as the low leverage advice, and he always calls me and informs me about market events, like economic data releases, so I know what information to look at and when to trade. It’s definitely a completely different experience trading with his help.
Q: Please recommend a trade for our readers.
A: Sell GBP/USD. That’s how I made most of my profits this week. It’s in a really strong down trend across all time frames.
Q: How long it took you before you started to make profit?
A: I started making profits on the first day but got greedy and lost it on risky trades. The secret of forex, as I discovered, is not just making profits but knowing how to keep them. Money management is key.
Q: How much money do you currently trade with?
A: $25000.
Q: How much profit you made so far with eToro?
A: $20000. Almost up to 100% return.
Q: What is your number one trading rule?
A: I would have to say again, don’t get greedy. I’ve burned once, and I try not to be burned again.
Q: What part do you love the most about eToro?
A: The user friendly platform. It is by far the easiest to use out of all the platforms I’ve tried, and since I was new to the market that was really important to me. Even now, I have some more experience but I still prefer it to other platforms.
Q: How did you learn to trade?
A: I’m self taught on the eToro platform.
Q: Your message to the eToro’s community:
A: Happy trading – you have come to the right place!
Age: 29
Country: Australia
Family status: Married with two children
Occupation: Concrete batcher
Experience: 10 months
Trading Mantra: The market is always right
Preferred currency: EUR/USD
Hobbies: soccer & snow skiing
Source: Interview with a champ
