rondev1, winner of the latest traders championship shares his
trading tips with eToro’s community
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Profile
Age: 55
Country: Scotland
Family status: Married
Occupation: Care Home Owner
Experience: None
Initial deposit in eToro: $1500
Trading Mantra: Pairs
Hobbies: Football, Horse Racing
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Q: Why are you trading with eToro?
A: Nice and easy platform to use, makes trading more comfortable and gives someone with little experience, like me, the confidence to get into trading.
Q: How did you hear about eToro?
A: It was recommended to me by a friend.
Q: What is the most important lesson you’ve learned about trading so far?
A: A profit is never a profit until the trade is closed.
Q: What is the most important tip you can give to a novice trader?
A: I am a novice myself… but I would have to say: start slow and get a feel for what you’re doing, then you can start opening bigger positions and using higher leverages.
Q: Please give me a general description of your trading technique/strategy?
A: I normally trade around 5/6 pairs daily. I find that this strategy hedges any losses I might have on just one pair. If one trade ends up in a loss, it will probably be covered by the other ones.
Q: Did your Account Manager help you to improve your trading?
A: Yes he was very helpful. His advice definitely increased my overall profits.
Q: How long did it take you before you started making profits?
A: Around 2 weeks.
Q: What is your number one trading rule?
A: Stick to your targets. If you’ve set yourself an exit point, get out at that point, don’t wait for the market to turn around or to give you a bigger profit.
Q: What is the part you love most about eToro?
A: I feel very comfortable with it. I know the platform inside out and my account manager always there to help.
Q: How did you learn to trade (alone/books/course/eToro/AM/magazine/over the net)?
A: I learned to trade alone by reading some guides and then practicing with eToro.
Q: Your message to the eToro’s community:
A: Enjoy the ride, but be careful – the markets are unpredictable. So stick to your strategy and don’t let your emotions get in the way.
Q: How much profit have you made so far with eToro?
A: Around $40,000
Forex Market Interview provided by eToro
Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don’t trade with money you can’t afford to lose.
