Most of the online currency or stock day traders join online trading sites expecting to double their invested finances within a short time span and get rich overnight, but only to become disappointed when they lose all their investment into the market even after gaining some profits consistently for a while.
Though some of the online trading platforms advice the users/traders to take precautions before investing on their platforms as well as warn the traders about the risk exposure, most of the platforms do not rely on the normal factors influencing the currency exchange rates in running their platforms, instead manipulate the system to ensure that most of the investors lose as compared to those who gain; of course that is the way trading platforms make money online.
This can be confirmed by one example found on the online platform called etoro. After being a trader there for almost a year, it dawned to me that the system is always manipulated to act against the expected trends as could be confirmed by the changes in factors affecting the currency exchange rates. As the result, many traders are caught by surprise when the market moves the wrong direction and the trades are closed in losses.
Initially, it was never a problem when the market acted against the opened trades of the traders, since they could hold their trades and wait for the market recovery so that the trades can be closed in profit, which is not possible anymore since the introduction of the overnight rollover fee, charged to the account balance. This means that the longer the trader holds the trades, the more he is charged.
As anyone invests in any online trading platform, just get it straight that it is just a game of gain and loss, there is a probability to gain for a while before losing everything afterwards. This is to clarify that your general knowledge and skill about forex cannot determine your success in online trading.
Trading in financial instruments whether through online trading platforms or the normal stock markets is a risk and therefore, there is no guarantee of making consistent gains by even the most experienced traders in the industry.
This is the point at which financial trading is seen as a gamble whereby the outcome is uncertain and is based on the factors beyond control which might result in the end that can be against the trader or in favour of him.
Based on my experience in financial trading on etoro, the largest online trading platform in the world with over 2 million members, I have come to notice based on the performance history of the popular investors/traders in their open book portfolio, they once lost all their initial investment but did not give up. Instead, they learnt the lessons out of their mistakes and gained confidence in trading with the view to cover up for the lost funds and change their trading strategy to trade safely by minimizing the level of risk.
Out of their persistence, patience and optimism that their success has been born from, one can learn that forex trading is not always about winning, but instead it is about how to reduce the risk and be able to earn constant gains in the long run by cutting the losses if one happens to make a wrong move.
As a dedicated online trader, one has to bear in mind that where there gain, there is also the risk attached but just expect the uncertain future market conditions to change in the favour of your investments. If you are interested in knowing more about online trading, click here to learn more.
If you are new to the term copy trader and yet you are interested in learning something new about online trading, then allow me to introduce you to the modernized form of day trading where no forex skill/ training is a necessity for someone to become a successful currency/ CFD trader, doing it all by the click of his computer mouse, or even a smart phone, for those who like mobility.
The term copy trader means the trader who conducts his online trading by simply copying other experienced traders on etoro online trading platform after vetting their trading portfolio found in the openbook and having trust in the past performance of the trader expecting to gain profits based on the equity invested.
But one does not have to be a complete novice and end up copying other traders blindly without remembering that the experienced traders make mistakes too, and only one big mistake can make one lose all the invested amount of money within very short time, unless a corrective measure is not taken at the right time to cut the losses.
One of the basic skills a copier has to learn in order to have reliable trading performance in the long run and earn some gains on his initial investment is to know when to stop copying the other trader and resuming to. This is where the ‘PAUSE COPYING’ and ‘STOP COPYING’ features on etoro become invaluable.
PAUSE COPYING: Is a feature in eToro open book that enables the copier to pause copying the trades to be opened later by the main trader when the copier wishes to reduce the risk of losing incase the market goes the wrong way.
STOP COPYING: this feature allows the copier to close all the trades opened in his account as the duplicate of those of the main trader.
Before you jump into the risky world of stock/currency trading, ensure that you know what you can do to reduce the losses in case of the noticeable bad mistake by the trader you are copying.
If interested sign up here to be awarded a bonus of $50 dollars to start trading with for free.Feel free to copy some of the popular investors on etoro.
As a dedicated online day trader, one is always faced by the risk of losing the invested amount of funds in case the financial market works in the opposite of the trades opened, whereby the trader should react swiftly to act accordingly to reduce the level of the losses at the right time.
According to online trading, time is money and the right decision has to be executed immediately, else any impeding factor to the execution of the required action can reduce the gains to losses within very few seconds.
Here are some of the most important factors to be considered before any trader is ready to trade on his own under minimum risk:
A reliable internet connection: This one is a must to have for anyone who is considering to venture into online day trading, whether as a hobby or as the main source of income. The fast and reliable internet connection will enable one to open trades and close them at the very right time the opportunity arises.
A good and reliable internet connection around the clock will also enable one to login to his trading account and perform any measures either to reduce the risk or increase the gains, without getting hindered.
The reliable source of financial information affecting the types of the instruments one has decided to trade: This information is very important to enable the trader make thoughtful long term investment decisions regarding the trading instruments that are likely to be affected by the certain geographical occurrences or ideological decision.
If you are interested in online trading but you are not up to date with the above factors, you should give it a break or else be ready for the disappointment when things run out of hand but you do not find yourself in the position to control them, ending up to lose all your initial investment.
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As the most popular online trading platform with over 2 million members, etoro is one of the most trusted and reliable online trading system with unlimited earning potential and minimized risk for those who really know how to trade. You can click this link to learn more.
https://etoro.tw/YnN4r1 And even sign up through the link to earn you a bonus of $50 dollars to be used for trading.
According to etoro’s platform, one doesn’t need to be a professional or undergo a special training in stock or forex trading in order to venture in trading with guaranteed gains. It is called tapping in the wisdom of other traders, just like sitting on the passenger seat with full trust in getting to your destination based on the skill of the driver.
With the etoro’s copytrader feature, even a novice can trade by just simply copying the trades of those traders who have mastered the game and having vetted them according to their reliable trading history as seen in their openbook.
Using the open book on etoro, one can be able to learn several things, the general performances of the top performing traders as well as be able to chat with the traders that one has the interest in copying them, just same as navigating on face book or blogjob.
One can also monitor the strategies being employed by other traders and mirror his trades based on the work of the other traders without struggling to work the market about where to invest one’s money with the expectation of a gain.
A part from the gains to be derived from the trades, the traders have the opportunity to earn $100 dollars for every referral that they invite to the site as well as a bonus for those traders who qualify as the popular investor; this is based on the number of the copiers who are following the trader.
Be warned! As much as there is unlimited potential in online trading, there also exists a very high risk of making high losses due to the leverage applied by the traders on the platform where a trader can end up losing more than the amount of money invested if he doesn’t act first to arrest the situation when the market goes the wrong way.
It is advisable to take the time and gauge the traders well before investing your money in their trades. You can also begin by trading in practice mode using the virtual funds that are free to use before you get the hang of it and interest to trade with real money.