Forex Interview with a champ: “Don’t just gamble on random trades”

MrPoker, one of eToro’s top traders
shares tips with eToro’s community

Profile:

Age: 26
Country: Denmark
Family status: Engaged
Occupation: Investment adviser
Experience: Practiced
First deposit at eToro: USD 1000
Preferred currency pair: EUR / USD
Hobbies: Sport, Economy

Q: Why are you trading with eToro?
A: It’s a very easy to use and orderly trading platform. I enjoy trading with it more than other platforms I’ve tried in the past.

Q: How did you hear about eToro?
A:
Through Neteller.

Q: What is the most important lesson you learned about trading so far?
A: One must be careful with leverage. You think that you’ll make more profits with higher leverages, but mostly you’ll just lose your money more quickly.

Q. What is the most important tip you can give to new traders?
A:
To have a clear strategy from start. Don’t just gamble on random trades. Work out a strategy, or get one from a friend, or from eToro’s community, and then stick to it no matter what.

Q: Give me a general description of your trading technique / approach?
A:
I usually enter a trade after the price has reached resistance levels, and then I adjust my exit point according to the strength of the trend.

Q: Please recommend a possible trade to our readers.
A:
Sell EUR/USD at 1.32.

Q: How long did it take before you started making profits?
A:
I started making profits right away, but then again I’ve had years of professional training as an investment adviser, so I would’ve been very disappointed if I didn’t.

Q: How much money do you currently trade with?
A:
Around 20,000 USD.

Q: What do you consider to be the number one trading mistake to avoid?
A: Losing your cool. If you want to make consistent profits you have to always trade rationally and not let your emotions get the best of you.

Q: What is the part you love most about eToro?
A: I like the way they treat serious traders, such as the nice bonuses and the personal account manager. I often find his advise very useful and helpful.

Q: How much money have you withdrawn from eToro so far?
A:
22,900 USD.
Q: How much profit have you made so far with eToro?
A:
17,000 USD.

Forex Interview provided by eToro

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