Xavier86 met with eToro in the beginning of 2013, and has consistently reported profits in four years. The trader will from Cameroon and plays mainly with shares of technology companies, or, as Xavier calls it – a market for the future. This popular trader is really one of the most long-term investors who have positions in the months and sometimes years. Below you will find the conversation eToro-the team have had with this trader.
Tell us a little about yourself
Hello, my name is Alain Xavier Kuetche Soh. Everyone calls me Alain Xavier or simply Xavier. I am a popular investor at eToro and in the last four years, I have earned an average of 40 percent per year in the markets.
I have not always been a popular investor and even now, when an expert patch has klungit on me, I felt important. But I have a lot of experience and I can say that I will always be willing to learn and appreciate the lessons as the market gives me. Before I got to know about eToro, I made many mistakes that cost me a lot of money. But before I explain it, let me tell you a little about myself.
I am an entry-level network administrator. In 2009, I became, in addition to my work as a computer technician, interested in companies within this sector. So I had to know more about marketing on the internet and all the investment related to it. It was a disaster. I lost too much money with the help of bad methods on bad platforms.
Do you have any investeringserfarenhet before you went in eToro?
As I mentioned in my first investment is not very successful. After a while, I was interested in binary options in order to later just lose all the savings I have earned from my adventure. I was ashamed so much that I didn’t even recognized my own wife.
A few months later I tried again with binary trading only to lose the initial deposit, which then was about 500 euros. Once again, I decided to stop investing.
But somewhere in the back of my mind, I wanted to still make a profit. I decided to carefully analyze my past mistakes in order to make sure that I’m not gr them again. I did not want to open and close multiple positions in one hour. I was thinking of investing in the value.
I decided to try again but wanted to do it in virtual way. So I hit with eToro, announced a free demo account with a large group of investors. The opportunity to test their skills on the virtual manner and learn from other traders on the eToro convinced me to create the account.
Why do you use eToro?
First, convinced I the platform’s social nature, but after a short time I discovered social commerce. I then said to myself: If I still learn and hone my strategy, why would I then give up the profits that can be obtained by copying from more experienced traders than me?
Already in 2013, I paid my deposit and began to copy other eToro users ‘ transactions. At the same time was I on a demo account and devoted myself to professional work.
Through optimization and testing I managed to create a strategy that gives a return of 30% per year. Its simplicity impresses with stable profit.
What do you think are the main advantages of eToro?
It is without a doubt social commerce. The ability to copy transactions of the better and more experienced investors are doing that we can book profits even when we are a beginner.
Another advantage for me is the simplicity of the whole platform. Everything from the deposit of the funds in the account to the transactions and the closing takes place almost in an intuitive way. In eToro I feel that I have control over everything.
Describe your investment strategy
This is the most interesting question. Many people think that they will make a fortune in the market by quick purchasing and even faster sales. For them counts the number of transactions or the amount of decides the profit. Of course, I have nothing to do with people using these strategies and I hope that they are good at them. I think that the investment should be a fulfillment of our time. I still go back to when I was a writer (I have published several books on Amazon). I don’t want to spend the whole day on the chart.
My approach is focused on the means and long intervals. I carefully choose the companies and analyze them carefully.
I can list three key elements of my strategy:
1 Find a good company
2. Examine if the enterprise generates revenue (Yes, in the past income does not guarantee that profits will come in the future, but I have a question to all who doubt – you buy shares in a waste and pray still for a miracle?)
3. Analyzing its graph
In my trading I focus mainly on technology stocks fell. I think this is the most promising companies of our time and I predict it into the future market. Of course, I learned not to put all your eggs in one basket in connection with the investerarutbildning so I try to maintain a high level of diversification of my wallet.
You are a popular eToro-investors. What is the profit associated with this title and what are your plans as a popular investor?
First and foremost, it is good to know that thousands of people taking advantage of my market decisions. I have always liked to share knowledge and when I learned about the popular eToro Investor program, I wanted to be a part of it.
Of course, the obvious advantage is the extra compensation that popular investors think about. The vision of extra profit through investment is very tempting and personally motivated me to work hard on their own behalf.
My long term goal is to become a good and recognized investors like Warren Buffett. My wife laughs every time I tell her that I can become a big shareholder of Google or Amazon any time. You might also laughing under his nose, but even if it is an unattainable goal, it is still my goal.
What do you do if you don’t invest?
First and foremost, I write on my blog, edit videos, write and collect material for my next book. Even when I’m not investing, I think, of course, on companies that I would like to invest in. So much reading and I analyzed capital markets.
Working from home gives you plenty of opportunities. I can spend more time with my wife and children, which of course is very nice. In the end, I would like to recommend this way for someone who is thinking to start his adventure with the financial market to find someone else who has been profitable in over two years and start copying him. This is the best form of learning, which has led me to that particular moment I find myself in.