Trading GOLD on eToro

[@Mikezowski]

The intro to this video is literally me. I made $400 trading gold with a x100 leverage. And lost around 450 and felt the same emotions he’s talking about. Thank you for this video. There are lessons to be learned from this. I hope everyone who has lost money realizes that it comes and goes and the important thing is to learn from your mistakes and become stronger. Here’s to hoping that we all become bulls!

[@SocialTrading]

I'm still off the leverage :)

[@jaynemesis]

THAT ACTING for the leverage... omg I might make a gif of it and use it as a meme.

[@SocialTrading]

hehehehehe. You tried to warn me...

[@SneakyZer0]

I saw the gif as well hahahaha

[@darkoleskovsek2558]

I'm so glad I found your videos my first week on eToro. Probably saved me a lot of money. Thanks.

[@SocialTrading]

Cheers Darko :)

[@michaelreeser5833]

I'm not really interested into investing but when you talk it's like you are talking to a friend and that's what got me stuck to your video... and I am investing now too :D

[@BulletMagnetLive]

I'm not sure if they have changed this or if my account is buggy but GDX, GDXJ and GLD now have (CFD) attached to their name on the top page list. I say my account may be buggy as I brought a stock that said the same although it wasn't a CFD, bit confusing.

[@paschoalandrea]

The acting is hilarious! I love your videos, so informative and accessible. Thank you for making them.

[@tripityourself]

😂 hahaha, the acting part is priceless. If you ever lose your day job you're all set 😂😂 Just when I thought I couldn't love your videos any more

[@SocialTrading]

Thanks so much :) They're fun bits to make

[@thomaskreisel5764]

Using cdf trading with leverage 1x is like buying a regular stock, right?

[@PeterUKTV]

6:42 hahaha best piece of acting Tom

[@SocialTrading]

:) thanks

[@CatsAndGoodCoffee]

Many thanks, because of your video I did not buy CFDs and will look into ETFs now to avoid fees. Very recently, the famous investor Jim Rogers said that he is more interested in buying silver than gold because gold is not far from its all time high, however silver has much more room to grow. Regards.

[@SocialTrading]

Hi there - just saw your comment! I hope your silver adventures worked out well!

[@mitchellgoulden4581]

Hiya Tom quick question. Do you by any chance know what will have to our trades if the dollar collapses like will we lose all our money on the active trade ?

[@Mike-vp8nt]

Love the acting 😃😂😂 .... and yes that was me too...... day trading on and off during 10 years on all different platforms and different strategies.... forex and stocks....... but now copy trading ..... wow.... I love managing my traders.... every day I make profit thanks to these guys. Nice video. Keep going

[@Mike-vp8nt]

Answering your question, I would stick with what I have which is gold sovereigns.... easy to buy and sell and I think also their is a good collectionner market as well.

[@SocialTrading]

Sounds a good plan... I like Krugerands for some reason. At first I thought "they're ugly... they're the last thing I'd buy" and then suddenly, as if by magic "ooooo, Krugerands - they're the one for me!" I'm not sure what happened. The thing which puts me off a bit with sovereigns is the unusual weight - something about the 1oz / 1/2 oz / 1/4 ounce etc etc seems like it would be simpler to explain to someone should i ever need to sell them. Not sure though. I also like gold grams for the same reason.

[@Mike-vp8nt]

Social Trading Vlog I am actually thinking of selling a few of mine now as the gold price is so high... I may buy a few silver coins instead but the price there too has climbed a lot

[@ballerz1672]

How much is the minimum to trade gold?ty

[@khadeejaatteya2125]

Grear tip. Thx a lot for the video. Can you please make more about silver and platinum?

[@SocialTrading]

Thanks. I'm only really going to get exposure to Gold and Silver on eToro, and off eToro, for buying physical metals, I hear that platinum can be really hard to see again once you want to get rid of it. everyone knows Gold and Silver, but platinum is harder to shift to real world shops apparently... I'll have a look at platinum though, and watch some vids :)

[@liam5066]

hey thomas thank you for your videos they help me learn alot about eToro and trading in general. keep it up man

[@SocialTrading]

Cheers Liam!

[@jjs737]

The thing I never get about buying gold for bartering in the end of the world is that money is a belief in the financial system because money cannot do anything aside as a form of exchange.... meanwhile, gold is an ancient belief in a financial system because gold cannot do anything aside from being a form of exchange... oh and shiny rings (Not useful given the hypothetical situation).

[@MH-sd5sw]

I might have missed that specific point, but why doesn't eToro allows you to buy actual Gold asset instead it only allows to buy CFD (whether leverage 1 or 100)

[@arrxzon]

It's a gold derivative when you buy the GOLD on etoro and many other exchanges will use CFDs for trading precious metals without actually doing so physically. Contract For Difference, a contract between the buyer & seller is a CFD. (i'm pretty sure lol) You have to buy gold in it's physical form to own the asset (gold bullion). Or as explained in the video, there is a number of options, go for physical gold ETFs that do hold tons of physical gold itself as a security, or other ETFs that aim to track the price of gold through other types of derivatives.

[@110Ronni]

so you talk about overnight and weekend fees adding up but what about if im holding the spx500 for a long time is that a different story? or would you recommend me to sell my spx500 and instead invest in SPDR s&p ETF to avoid those fees?

[@SocialTrading]

Hey there - i answered this one on the 'big money management' video comments :) Basically, indices appear to be CFD trades on eToro, so they'll have overnight and weekend fees on them whenever we trade them right now, as far as I can see.

[@anaadams4378]

I can relate so much to these emotions and fomo thing. Thank you for making this video ❤️

[@SocialTrading]

:)

[@mentalmans_6561]

I never sell when it's going down. You will eventually earn your money back. I haven't lost a single dollar in the long run

[@mentalmans_6561]

Stay Home I dont trade Valutas i think it’s hard to predict

[@isabilas]

I love the way you explain

[@zdrux]

Don't buy coins, buy bullion. You're just paying a premium to have someone carve pictures onto the metal.

[@RajeshJustaguy]

Just curious... where is a good platform to buy gold? Is etoro alright?

[@SocialTrading]

It really depends if you want to hold the physical gold, or buy it as a CFD (which is what we'd be doing on eToro...) My experience trying to trade gold on eToro when I first started was terrible - i was using tons of leverage and had no idea what I was doing. I ended up losing a lot of my money (I didn't have much at the time, so it wasn't vast amounts, so I was lucky in that way...)

[@TheTeacherInvestor]

The energy is so positive.

[@SocialTrading]

:) Thanks!

[@financewithriaan]

Well done Thomas! Great video. Love your new editing techniques. I would pay as little money for as much gold now. Don't waste money with the little coins. But then also, gold & silver is very expensive now. Overbought. I would hold off buying for a while. Wait for the pullback. Have a good weekend

[@SocialTrading]

I think you're right about the overbought - I reckon I'll scale down my open positions, and wait to buy into the dip. We'll see :) And thanks!

[@DullHumansClub]

This is a great video Tom! Your jokes about the leverage are so funny! Make more videos like this 😁

[@SocialTrading]

Thanks :)

[@SocialTrading]

Fun making those bits actually

[@DullHumansClub]

🙂 I re-wound the video to watch those parts again!

[@cutzitdelemn1600]

Hi tom, nice video like always , i am colecting silver and gold coins but i pay a little more for them then actually is worth the metal but that is because are colectible but if i was to buy the metal i would take the 1800 euro coin and that just to save some money.

[@catalinghita1001]

The content is just getting better and better! Awesome intro! keep it up ^^

[@SocialTrading]

Thanks so much :)

[@luislisboalisboa7298]

you are the top man thanks for the good tips

[@SocialTrading]

thank you :)

[@benpetherick6165]

Deserving of an Oscar

[@SocialTrading]

I'd like to thank the community, and my first pet hamster 'Norm' was his unending support...

[@SocialTrading]

:)

[@M.R.369.]

Halo Tom I think if you newer risk you can not to Mach win and I think if you now about market or trading you can jast make money and kip go thir is for shor olso lusing mony to but we’d som strategy you can jast startet weth larvreg .... and happy trading

[@M.R.369.]

I think server is baterdan gold

[@SocialTrading]

I do have some silver too.. im trying to have a bit of exposure to both. they say silver goes up faster when it starts to move, but ultimately gold is the king. I'm not sure...

[@lmgaming9675]

My favourite video so far of yours! I absolutely loved your reenactments :D brought me back to how I felt as a new trader. Your videos CONTINUE to get even better!

[@SocialTrading]

Cheers Charlie :)

[@iyutuc7311]

Great content bro! Keep it up! GODBLESS you!

[@SocialTrading]

Thank you :) God Bless you too!

[@mitchwaring4480]

Just joined Etoro about a month ago and currently batteling with the USD and AUD fluctuation. Love your videos tho!

[@yanlake1010]

Smaller than 1oz the premium isn't worth, if you need a smaller value that's when silvers practicality comes into play (historically used more than gold as money, i suspect due to gresham's law) :)

[@SocialTrading]

I'm wondering whether it might be easier to trade if things got extreeeeemely bad...

[@yanlake1010]

@@SocialTrading You have a point, that's when silver/junk silver comes into play i guess :)

[@Kyle-qq1hx]

Great video Tom! Hope you keeping well

[@SocialTrading]

Thanks Kyle - same to you :)

[@jimmy-i6w2h]

Good job getting into gold and silver

[@SocialTrading]

Thanks. I made some videos a while back about getting into buying physical Gold and Silver - it's a really interesting part of investing to me.

[@pablogeberovich4052]

thank you Tom for making this video, i will now proceed to show to every friend of mine beginning trading :-)

[@SocialTrading]

:) I was basically just gambling really...

[@matthewstocks2960]

Well, if you are in the UK you need to purchase British coins as they are capital gains tax free..

[@silverufo6735]

How’s you GDXJ trade going? 🙈

[@SocialTrading]

I can't remember how it went now :) I don't think I held it open for long - everything started tanking and I got spooked I think...

[@A--333]

Great analysis, very helpful, thank you

[@mikerainham]

I think buying gold is about how brave/risky/ you are during downward trends. If you were thinking 40 dollars down no problem! 120 dollars down no problem! 300 dollars down no problem! , then a rapid rise and all the debt is wiped out and it’s 50 dollars gain, now 100 dollars gain! It’s very easy to say less easy to do. Suppose there’s a day when gold is heading mostly downwards, wipeout. You could do X2 leverage but you have to open $1000 trade.

[@SocialTrading]

I'm not sure what'll happen, but for now, my plan is to hold Gold open right the way through whatever crisis is coming and see if that helps. *If indeed there is a crisis. Not sure of anything really...

[@rosiebomb195]

i love the energy... good luck on trades...

[@willboa5365]

Hi Tom - have you heard of Lena Birse aka OneGirl ... apparently shes done 47% last year and 52% ( there was an article piece on Daily Telegraph 2nd August - you could poss read it online the Telegraph - not sure that Malta gets Telegraph newspapers) ... like your vids .. and will need to view more of your videos .. where abouts in Malta - beautiful country .. its where Gladiator was filmed ...apparently ..

[@SocialTrading]

Hey there - yeah I'd seen her a while back but will check again :) I live in the South, in a small fishing town, and yes, it's where Gladiator was filmed - I know some people who were in it :) All the extras in the colosseum shouting and cheering :) Thanks for watching will

[@evahodi]

Very informative video. Thank you.

[@SocialTrading]

:) thanks

[@thesilverrayne741]

Hi Tom! I appreciate all the contents of your videos. Im a newbie trader on etoro and i would like to ask what's your opinion about copy portfolios?

[@SocialTrading]

Hey there - they cost so much to buy into that I never really gave them much attention to be honest. I'd have to research them a bit before I could answer properly. I think i was confused about whether they could have 'short' positions (sell trades designed to make money as the price of an asset falls rather than goes up) in them. I've been constantly watching for a crash for years, and anything which is 'long only' (only buy trades allowed) worried me... I wanted the ability to react and adapt to changing market conditions to be present in my investments in some way.

[@TradingLife101]

Hi.,i cant regester online using my name Jhon Velasco the server said 6-12 letters in english.,,?someone help me please...

[@SocialTrading]

I think you'll need to talk to eToro customer support directly about that one - I don't see why they wouldn't allow it...

[@jwrnidea]

perfectly said! love this guy.

[@SocialTrading]

cheers :)

[@marcpeerson8847]

Don't forget ETF's have managing fees.

[@Simpaulme]

So true about leverage and fomo - this should be an official public education video.

[@SocialTrading]

:) thanks.

[@carlosgomes3040]

Tom...I think the heat is getting you! 😆

[@SocialTrading]

without a doubt :)

[@thijsdekker5100]

great video! funny and informative :)

[@pip5461]

I like gold sovereigns

[@SocialTrading]

Yeah, they're great too and there's a big liquid market for them. I just felt safer with the idea of fractions of ounces... As it's an easier faster calculation from spot price and I'm assuming it's the most liquid market.

[@matthewstocks2960]

Nicely explained.

[@NioMarketing]

I see you copy jaynemesis, I also copy him on etoro 😁👍🏻 I like the way you explain your thoughts about market placement and how to diversify your trades, and I love the honesty about leverage use, we've all been through it 😅😂

[@russellrussell5495]

Unfortunately, since the middle of last week, $GLD , $IAU & $SLV are now all CFDs and the minumum trade is $500.

[@SocialTrading]

yeah, I saw that they changed that. Read the email this morning... its a shame. I wonder why that happened. looks like a regulatory thing - that was a really useful way to avoid rollover fees...

[@metazoa2660]

I just don't get why someone would use leverage at all. I mean for me, I see stock investment as a personal negative action and consider the money invested in stock as "lost" (in the sence of what could have been gained just keeping them on a normal savings account). The profit is just a bonus made out of pure luck and a fraction of knowledge in the company I invested in. Why in the world increase your chanses of loss.. (Sure, I have some stocks that are dropping, I just have to wait them out, however long time that might be..)

[@SocialTrading]

I think in the hands of experienced pro traders, leverage can work as they seem to be better at managing their risk with pure maths. for everyone else, it does seem to cause a lot of trouble.

[@sebastianwrites]

"And..." you can kill werewolves with silver! Always worth considering.

[@haezie6907]

Silver has only increase in a years time frame once out of the last 6 recessions…

[@jerome4566]

Does he have an Instagram

[@SocialTrading]

Yeah, but there's nothing on there at all :)

[@ibbou2024]

tried leverage *5 once, lost 100 $ in 10 secs! lol

[@SocialTrading]

hehehehe. Welcome aboard sir!

[@darylreuben4871]

After trading for sometime, I'm listening to you cry about x10 leverage and I'm laughing cause I went balls deep with x400😂 It's been quite the roller coaster, to say the least. CySec ( EU ) regualtions have lower leverage than ASIC ( Au ). Different rules for different people based on your region ( you can request a change ). Just remember this rule of thumb kids, leverage = gambling. No leverage = investing.

[@marshp3]

Balls deep?? At x400 you climbed right in and zipped it up after you!. Would love to know how it turned out!

[@darylreuben4871]

@@marshp3 I'm still poor haha

[@gomey70]

Trade it for chickens hahahaha. Yes, I've had those thoughts too.

[@Khyrinheart]

Is this Investment Advice? ;p

[@SocialTrading]

This is not investment advice :)

[@MrHytin]

I go for the 1oz

[@SocialTrading]

they're beautiful eh ...

[@MrHytin]

Yes/ and hit the like almost forgot

[@Feex92]

USD is weaker and weaker every day. It lost 10% in three months. Myself being from EU area, there is no investment right now that would compensate on that.

[@SocialTrading]

Someone told me you can possibly add from a revolut usd account. Still though, that wouldn't stop the depreciation I guess...

[@Feex92]

@@SocialTrading No, because I don't have any use from USD. I can't buy bread in my neighbourhood store with it. If USD loses value to EUR, that means I am losing money when withdrawing money from EToro. And 10% in three months is too hard to compensate in these times. I will return when the US economy stabilises.

[@jimmy-i6w2h]

Yes but when you buy US dollars with the euro you are getting more now.

[@Feex92]

@@jimmy-i6w2h You don't get it. If I put 100 EUR on EToro, it automatically changes it to 120 USD. And lets say I buy Tesla stock and hold it for one month. In that month Tesla stock rises 5%. But in the same time dollar loses 5% of its value. Then I sell Tesla, withdraw money from Etoro and get the same that put there in the first place. Because I gained 5% on Tesla, but lost 5% on the fall of the exchange rate USD-EUR

[@ladyelvinaslivegigs713]

@@Feex92 then either just leave the USD on etoro until the USD value goes back up again, or leave the USD on your Revolut and only exchange back to EUR when USD goes back up

[@Feex92]

You are a funny guy!

[@SocialTrading]

:D Thanks

[@yeljohn8629]

I wish I had seen this much earlier

[@SocialTrading]

:) Hope it's all going ok

[@georgecarter6320]

Great vid😂😂

[@SocialTrading]

Thanks George :)

[@danielpolo365]

You are funny 😂😂😂😂

[@SocialTrading]

Thanks :)