Tag: etoro webtrader

Sometimes, it is better to stay away from forex trading than risk everything

The reality of forex is winning or losing, nobody can dispute that.

The general winning trick about online CFD trading is in the right timing of when to open and close trades by ensuring that your trades operate within the margin of safety with the minimized risk, but expecting a big gain.

There are times when the traders can be certain about the market trends and that would be the right time to open trades investing in the CFD instruments with well determined market movement in favour of the trades involved.

But there also exist the times when that market trends are so uncertain and anyone expects the market to move in any direction without warning, meaning that it would result in a loss or a gain depending on the trades opened by the trader.
For example, assuming one has opened the sell positions on a certain instrument, he would have
the winning trades if the currency pair involved loses value and there happens the downward movement of several pips.

The opposite would happen if the currency pair one is holding open gains in value and there occurs the upward movement in the currency exchange rate, whereby unless the trader acts quick to cut the losses, the movement would hit the stop loss and the trader will lose all the investment involved.

On etoro, the largest online trading platform where most of the traders trade by copying the successful traders whose trading strategy can be relied on based on the past performance of the trader as it can all be seen on the trader’s OpenBook.

It is very hard to place the full reliance on any good trader, since there are very few traders who can consistently close the trades in winning positions for long without getting caught up in the storm when the market trends act against the trades opened and force the trader to either close the positions in loss.

So it is better for some traders who are wise enough to avoid trading in uncertain times rather than open trade positions and end up losing everything to the market.

Most of the successful online CFD/ forex traders once lost their all initial investments

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.

Every trader who invests his finances in online trading sites is always warned against the risks his investment is exposed to and it is assumed that one is ready to lose all the invested amount of money by the time he/she accepts the terms of use and makes his investment.

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.

Accurate timing about when to get in and out of the game is the main weapon for the copy trader

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.

Things you must have in order to successfully work online as the online forex day trader

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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