Is it still necessary to present the broker is eToro ? With its community of traders estimated to be in excess of 6 million worldwide, its presence on the financial markets for almost ten years now and its status of a leader in terms of trading social, you’re probably already familiar with. In addition to tools, and trading services it offers its customers, it also gives some tips for investing correctly on the markets. Here are a few.
Start little by little
Most of the beginners of the forex start by negotiating several currency pairs at once and in the end, they fail to control the whole of their investment portfolio. Start small to increase your chances of success. As your experience increases you will be able to see more.
Preserve your capital
Without capital, a trader is nothing. Money is, in fact, the main work tool of an investor then it is important to take care of to keep it in a first time, and make it fruitful in a second. To achieve this, there must be a robust system of money management.
Do not remove your profits too quickly
Most beginners make the mistake of closing trades positive too early. They lose, as well, the benefits that the pair would still be able to save by fear that the market will finally return.
Don’t let your trades positive turn in trades negative
If you close too early in its positions “in the money” is not very fruitful, the capital, to maintain online a winning position until it becomes losing is not very lucrative. To avoid this kind of disappointment, please do not hesitate to secure your position with stop loss for example.
Follow experts in the trading
eToro has a community estimated at more than 6 million traders. If you land on the markets, you would be wrong to make the experience of the heavyweights of the discipline. In addition at eToro, there is a tool to copy the trades of the best, this is a good way to make a profit.
With these tips trading, eToro shows that it is present for its customers and that at no time he plays against them. Again a proof of professionalism for the broker !