Osama, one of eToro’s top traders sharing
some trading tips with eToro’s community
Profile:
Age: 53
Country: Jordan
Family status: Married
Occupation: Manager
Experience: 9 years
Initial deposit in eToro: 10,000
Trading Mantra: The trend is your friend
Preferred currency: EUR
Hobbies: Sports, Poetry
Why are you trading with eToro?
Many reasons: easy platform, honest company, friendly people, a company that actually wants the trader to make money.
How did you hear about eToro?
From a friend.
What is the most important lesson you learned about trading so far?
I learned that the trend is your friend, to work with low risk and low leverage, not to react to random price movements because at the end the trend will continue, and to work with only 20% of your equity.
What is the most important tip you can give to novice trader?
Work with low risk and low leverage, do not react to every little price and work with only 20% of your equity because that way you’ll be able to make up for eventual losses.
Please give me a general description about your trading technique/strategy?
I trade in small amounts, depending on my current equity, I follow the trend, and I don’t close before the price reaches the set exit point because that would be wasting the opportunity presented by the trend.
Did you trade with other brokers in the past? And if so please compare them to eToro.
Yes I had traded with many companies before eToro. I can divide them into 2 kinds: good companies and bad companies who want the customer to lose by all means. Now the good companies can be divided into 2 kinds as well: easy platforms and complicated ones. The eToro platform is the best and easiest especially since eToro is always developing, so I can say that eToro has the best platform and the best way to deal with customers.
Did your AM help you to improve your trading?
Sure.
Please recommend a trade to our readers?
Majors are always safer, avoid crosses.
How long did it take you before you started to make profits?
Actually it took some time because at the beginning no one helped me. But now I can help others to start making profits.
How much money do you currently trade with?
50,000 USD
What is your number one trading rule?
Avoid trading during financial figure announcements.
What is the part you love the most about eToro?
Friendly honest people.
How much money have you withdrawn from eToro so far?
Over 200,000 USD.
How did you learn to trade ?
Alone.
Your message to the eToro’s community:
Work calmly, follow the trend, read signals but even with signals be careful and never be too trusting of the market’s direction, give your trade a chance to survive by using low leverage and only 20% of your equity, avoid trading during financial figure announcements, try not to watch the market all the time to avoid reacting to every price movement, if you close a winning position either stop trading for two hours or trade another pair, be more careful on Mondays and Fridays as the directions are not as clear as other week days.
How much profit you made so far with eToro?
Can’t say the exact figure, but a lot.
Forex Market Analysis 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.
