Etoro - A Dangerous Beginner Mistake!

[@Phangmaster]

KZbin hasn't recommend a video of yours for years, I'm glad to see you're still at it. This is good advice, it seems to gone from being a day trader to an investor, which is where the wise folks hang out :)

[@SocialTrading]

Hey there :) Thanks - hope everything's been going well for you. I've been very off-and-on with the channel - got quite ill a couple of times and had to stop for a while, so 'the algo' just drops you a bit. Hope my ways become a bit more 'wise' :) That'd be good.

[@fxorigins6624]

​@@SocialTradingpls make a video of your profits 🙏🏼

[@michaelbarker-mcgill9139]

This is the best advice Simon cowell has given in ages!!!!!

[@SocialTrading]

It's not all music and buzzers, and high waisted trousers. Sometimes you've just gotta talk investing...

[@starfireforge1830]

Best beginner video I’ve seen. There are MANY sharks, slimes and fakers out there… this was refreshing and on point!

[@SocialTrading]

Thank you :)

[@christophenour]

Risk and Emotions are definitely something important when investing. I'm currently shooting a video about this topic, will release it in a few days!

[@SocialTrading]

Hope it goes well! It's such a big part of trading eh. I didn't even consider it before. Must be extra hard as a Popular Investor!

[@narinderkhattra5807]

That’s some wisdom right there. Thanks for changing my narrative.

[@SocialTrading]

:)

[@veravanvelzen200]

Hi there! really enjoy your video's! thanks you!! invested in etoro and are now in the gains quarterly (with the guarantee) and copying one trader thanks to you! cheers :)

[@SocialTrading]

Thank you :) Hope it's going well! I didn't have enough for the copyportfolio with the guarantee or i'd have gone for it as well I think :)

[@jaymilydagina422]

Thanks Tom, As a beginner I have no glue or idea whatsoever about buying stock or investing but with this video it has given me an insight about investing in stocks. Thanks alot once again ❤🙏

[@SocialTrading]

Hey there - thanks, hope it works out well. I’m not sure what to do at the moment - the world seems ‘a little’ unstable, so waiting to see what happens next really.

[@JULIARoberts-p4p]

This is such a good video, and this is the way that I want to trade. I am happy just making small amount, but it is all going in the right direction. Thanks once again, you are fun to watch also. Regards Julia Roberts

[@SocialTrading]

Cheers Julia :)

[@paulseymour3332]

Great video. Fantastic advice. Thank you for this.

[@SocialTrading]

much appreciated :)

[@RaijinTheGreat]

thanks for sharing your experience, for alot of us it must be rather a way to fight infalation

[@SocialTrading]

:)

[@PeterUKTV]

I think you convinced me here to copytrading for a long run.

[@SocialTrading]

Hehe. The thought was really about just how much money the billionaires can make with just a 5% return, but then I started to think about just how much I think we often expect from the small amount we’re able to upload. It’s a real difficult idea to get to grips with.

[@PeterUKTV]

btw etoro is based in Israel wonder if it can influence their finance and stability...@@SocialTrading

[@issamubarak2320]

Thank you for your video. Would you advise us on how to reach the best forex broker that we can go with?

[@saloula2]

You’re really good at this 😊

[@SocialTrading]

Thank you :) Very kind!

[@bbetty83]

Great video! I was just wondering about e toro if you could actually withdraw your money? I am a very beginner but been on another app and it had a limit. You could only withdraw the max amount what you added. For example if you transferred 100 eur you could only withdraw 100 at once.

[@SocialTrading]

Hi there - I haven’t had any trouble withdrawing money so far, but then again I’ve just left it in there most of the time. I think the last time I withdrew any was a few years ago now, so not sure what the current system is..

[@xantonify]

@@SocialTrading I was wondering. What kind of risk ratio do you stay in? Is it risk scores of 1-2 max, or do you go on medium score of like 3-4 too? Also how many traders do you copy.

[@agsotonukable]

This is really good advice.

[@SocialTrading]

:) Thanks

[@TeenaKohli]

mowing a loan make it 50, made me laugh !!! honest video , cheers !!

[@SocialTrading]

:)

[@mariannicolaestanicel7791]

I am just curious 500$ to 1000$ is it not 100% return? As I understand it you start with 500 and make 1000 .... Can someone please explane?

[@SocialTrading]

yeah, it should be - did I say something to disagree with this? I don't remember what's in the vid. If you start with 500 and end up with 1000, then that's a 100% return. You doubled your money...

[@JeanLuemusic]

Thank you

[@SocialTrading]

:)

[@ufobost]

the man in the painting looks a lot like Padre Pio

[@SocialTrading]

It is, yeah :) coincidentally I’m in pietrelcina where he was born too

[@richard.monroee]

x10 is extremely risky! You get liquidated at 5% stock lost!

[@SocialTrading]

And a 5% move isn’t uncommon at all. Most likely though, seeing it drop so fast with even a 3% move, the shock and panic would be overwhelming and I’d close at a vast loss. It was a really bad strategy for me - it was basically guaranteed to lock in losses.

[@HamidGulSherzai]

The best video.

[@SocialTrading]

:) thanks

[@paulgiovanniubalde8418]

Hello sir. Is Etoro safe for long term investment? I plan to invest all my savings in etoro. Is ta safe more or reliable? What if the market crash, what will happen to our money if etoro go bankrupt

[@SocialTrading]

Hi there - I wouldn't class any form of investing as safe really. It's always very risky. But I think what you mean is the platform itself - all I can really say is that I've had money in eToro (although not huge amounts)since 2016, and I haven't had any problems getting my money out or anything. That's the only experience I really have. I know that there are insurance systems, but they're different in different parts of the world and insure different sums of money against the possibility of bankruptcy. I found some info on this page, but it's only for people who are members of specific customer tiers on eToro, which requires a certain amount of money in your account: www.etoro.com/about/why-choose-us/#:~:text=eToro%20provides%20eligible%20customers%20with,of%20eToro%20(Europe)%20Ltd. They seem to have moved their information about this around a bit, and I'll take some time to find it, and maybe make a vid. I'm not completely sure anymore...

[@casper1240]

Eggs and Baskets m8 never put all your money in one stock or one trade

[@WRLDofHRT]

@@SocialTradingI’m relieved to hear this. I made the decision/mistake of reading all the 1 star reviews of all the people who found it near impossible to get their money out of eToro and almost had a panic attack 😢 I’m doing very well on there and absolutely love the platform, but the thought of having to go round and round the houses attempting to get my money out is horrifying. It’s also evidently an issue for some people getting a decent price on individual stocks in comparison with other platforms, causing a lot of disputes about the final value of a sold stock… I have 3 copy traders on there too and I was truly happy with that platform until I saw all the bad feedback with my own eyes! I’m really hoping on short term trades I won’t have this problem - I’ve ended up closing a couple of positions I’m not all that invested in just to see what will happen 🙈! I did no due diligence whatsoever so this my fault! I’m wishing everyone good luck with their investing journey 🙏🏼 and thank you again for making this video which is reassuring!

[@bekindandmerciful5145]

very articulate...thank you

[@SocialTrading]

Thanks :)

[@Adam_StefaniakSaltea_Moonspell]

I came here thinking scared there is something big you gonna tell me, like the eToro is rip off, or something. I can barely count to a 100, and yet I know that off of a 1000 USD I'd get maybe a 100 USD per year. Witch somes from small risk - small reward. I once invested 10K and got 35K over almost a weekend, but that could cost me some behind bars holiday, so either that for fast cash, or being a politician - those know to steal and stay safe. But thanks for the heads up! I know you had good intentions. On the other hand Im glad nothing worse came out from you.

[@silviag7100]

lol I am not the only 1 then that just started and it is just watching videos and getting info while getting exiting...

[@pip5461]

Thanks...

[@SocialTrading]

Cheers for watching :)

[@moo-mooha]

👍

[@SocialTrading]

:)

[@Ghosted-fl5xt]

10 or 20 years are you kidding, may aswell just gamble on red or black on roulette, with a 50/50 chance, and far quicker. etoro is obviously not for everyone, but trading it's still a form of gambling.

[@SocialTrading]

Made a video about whether we're gambling or trading - what's the difference? Just uploaded it - see if you agree...

[@RampinRabit]

Yesterday I put most my savings in etoro just to become gold tier 🤦

[@SocialTrading]

What's the benefit at Gold tier? I heard one of the PIs saying that he's getting an interest rate on his idle money but I'm not sure what level you need to be at for that to happen...

[@RampinRabit]

@@SocialTrading $10k minimum is gold tier and the interest for that would be 2% on account balance. Silver tier is pretty much the same as gold but pays no interest.

[@SimonLau1388]

@@RampinRabit it's 2% per month for total balance? that's 24% per year. Maybe we just get Gold Tier and take 24% interest per year? why still need copy trader? haha

[@RampinRabit]

@@SimonLau1388 I wish. Its only 2% yearly

[@SimonLau1388]

@@RampinRabit i just found out 2% is for year, monthly about 0.16667% only. it's correct? since you're tier Gold.

[@bahadirozer]

is that padre pio?

[@SocialTrading]

Yup :) and I’m in Pietrelcina

[@bahadirozer]

@@SocialTrading hahah I'm Turkish but I lived 3 years in Foggia, got used to seeing him a lot :)

[@SocialTrading]

:)

[@SocialTrading]

My mum and dad drew and painted that one.. when my older brother was born, there was a serious problem with his palette in his mouth - it hadn’t formed properly and he was going to have a problem for life. So they painted the painting and prayed whilst doing it and my brother miraculously was healed of his palette problem and his voice has actually been his livelihood for much of his life :)

[@bahadirozer]

@@SocialTrading wow amazing, I had a padre pio pin on my bag as a memory, I was so sad when I lost it when I came to Estonia

[@PeterUKTV]

On 1 winner there is thousands losers. In trading like in lottery. Even sone experts lose.

[@SocialTrading]

Yeah, if you look at the copyfunds which are the managed ones new where they’re meant to reflect the trading of a pro, you can see how down many of them are.

[@PeterUKTV]

btw Izabella cant be copied anymore. Probably too many copiers.@@SocialTrading

[@chinwenerondu8192]

You will never get rich on etoro. They are liars and are deceptive. You will lose your money.

[@SocialTrading]

In what way?

[@chinwenerondu8192]

@@SocialTrading Have you used them? Have you made money?