manictiger sounds like the start to an advertisement from one of those ‘Instagram traders’ “Do you want to make 7 figures a year, I do and you can too if you follow these steps which involves you paying me £2k to get into my trading circle and then you can earn the big bucks”
Social Trading Vlog sor dube is your idea is use etoro with selfstudy and buy by myself? i am not totally understand cause motherlanguage isnot english
I like his video; and the moment he says; get rich fast ... thats me on e torro; so many times I neglected 500usd profits cuz I thought hell; if its no 5000 then its not worth it 🤦♂️
I've been doing my apprenticeship for a year, on the virtual wallet, and I've learned a lot, I've watched millions of videos, courses, but let me tell you something, your video has been the best I've ever seen so far! Thank you for sharing this thought so clear and so reasonable with us! I'll take your words and I'll use them as if they were mine! Thank you Mr. Thomas! ❤
But why almost every Social Trader lost 2018? If you check there History they all lost in 2018 and suddenly boom 2019+2020 10-30% up easy. ITs strange....
@@CuriousConnoisseurs everyone got overexposed to cryptos in 2017... 2018 they started drawing down and spent all of 2018 slowly losing value... we all held onto them during 2018 as nobody wanted to sell and lock in their losses. 2019 saw them balance out and everyone started going up again. at least that's what I was seeing at the time...
I just love how humble and honest this guy is, I just downloaded Etoro and this is the first video I watched and I feel much more calm after watching this video. You have a great way of presenting your facts and opinions man, keep it up and good luck! This video made my day 😇
How have you done 2 years later with eToro? I'm thinking of opening an account but have not yet. I have opened a Dreamfire52 account and have so far been very satisfied. Just curious to know if eToro really works.
I recently started trading in the coronavirus crisis and made a nice profit first time and it was really fun, but I find it interesting that so many people don`t do research in what they`re trading in. I made my profit because I spent like five days deciding on what I should trade with. I am glad that I did my research first. Start small and build up to a bigger fortune, it`s worth the wait.
not really when you consider that etoro is possibly most famous for its copy trading products and all copied trades are cfds. Also all leveraged or 'short' stock positions are CFDs. Only 'buy' positions which are using no leverage are the underlying asset...
I enjoy your videos and I agree with what you've said but it's important to point out that the 76% refers to retail investor accounts losing money when trading CFDs, not necessarily when trading the underlying asset. I'm still very much a novice in this area but I think that's a fundamental difference. That said, your advice is still solid and there are so many panic buys and panic sells where people are trying to live the get rich quick dream!
exactly, most youtubers will do CFDs and they can lose money cause they have a lot of it and people want to do it as well and lose money. CFDs are not a wise invesment for a beginner, buy a stock and be patient, thats it, invest small and be patient, this is not a way to quickly get rich
Came across this video by accident but man I’m glad I did. You described me and exactly what I am doing now, I need to change. Clear, sensible and down to earth. Thank you!
This man is spot on with his advice for beginners -- something that begineers rarely get is the mindset they need to be successful in trading/investing. Man, patience is crucial and DO NOT GET GREEDY.
Well here's a different proverb ...Money cant buy you happiness. but it can buy you a ..First Class Ticket.. in the search for happiness !!!..💵💵💵.🤑🤑 . 🤗
When I first invested, I myself also have the mindset of getting rich real quick. I then begin to really watch and control myself knowing that getting rich quick is also losing money quick. Good video! Thanks so much for the advises!
Really good video and you are 100% right. I have lost like 50% of my money by doing the get rich quick . I will follow your advise . Thanks a lot again. 👍
You're a good dude. You just saved me a lot of heartache. The 76% is a real thing. Copy Trading should only be done by folks who have capital and can tolerate that risk.
For me, getting ~5% ROI annually above inflation is great - if I could get that consistently, I could start from zero and retire in ~15 years. That's already much better than most of the population, who work until old age, and die poor. That in itself sounds like a goal worth pursuing. Once I'm there, retired in my 40s, I can start thinking how to get rich quickly ;) Getting 20% APY would be amazeballs, meaning I could get there in ~4 years, rather than 15! I really don't get people who scoff at these ROIs. Unless they're like terminally ill and have very limited time to become billionaires.
Love your honesty! There’s too many videos with thumbnails of a guy with his mouth open in shock, holding a one hundred dollar bill with a Bitcoin sticker in the left hand corner.
Thank you!:) I just opened my Etoro account and I put exactly 500 bucks in, but I didn’t buy anything yet... I took a class on investing and started to consult with an specialist to learn a little more, before starting to actually trade... I’m also watching some videos to learn more about etoro itself, and this video has definitely helped me to get a better perspective and recenter myself with my mindset. I still do believe that right now is a really good time to buy stocks from the big companies that are suffering because of this crisis, but that are big enough to survive it, and then once their shares go back to “normal” whoever is buying them now, should have some nice profits!!!:) I still would not sell, at least I don’t plan on doing so, I just want to take advantage of this socially sad, but for new investors, economically good opportunity, to enter the market.... I’m thinking of buying shares from someone like Lufthansa, Mariot or Hilton... because I believe and if I’m not mistaken I saw that they took a big hit (at least Mariot did) because of the Corona virus, but I believe that they will make it through this “phase”, and once they do, I want to be with them ;) I’m still not sure if I’ll buy from them or someone else, but what I’ve mentioned till now, is pretty much where I’m at mentally before buying my first “thing” with Etoro!:))) I already invest on the equivalent of the treasury here in Brazil!:) and I was wondering if I could invest on the US’ equivalent, from etoro... do you know if we can do that there?? Once again, thank you very much for your video!:))) have a great life!:) a be safe!!:)✌️
I don't know which ones I'd buy right now, as who knows how long this will drag out or what the long term effects will be... I'm copying the guys I'm copying so that they make those judgements as really, I don't feel qualified to (plus I don't actually want to be a trader - I haven't got the nerves for it...) There is a U.S eToro, but it's only for cryptos as I think eToro is still trying to pass SEC approval to offer all their other assets in the U.S. I'm not sure what the current status is with that though. Hope it all goess really well for you!
Using high leverage, over trading, no patience: people trying to get rich (like all the advertisements say you can on youtube etc), unrealistic time frames, not keeping to strategy's/disciplined trading. Even I am -2.49% so far this year so Im also included in that stat atm. Keep an eye on my etoro account though KOTrading, I will become the 24% Im confident of that :) Great to see you are learning quickly though Thomas.
Great content Thomas. Been on a similar journey and reached this more grounded outlook with your help. I found this compound interest calculator which is quite an eye-opener really. Check out what happens with an initial amount of 1000, adding 200 a month for 20 years with a return of 15% per year with profits compounded monthly. Total contributions would be 49,000 and the total value a whopping 319,000. There's a graph too that really brings home the fact that it takes a good few years for results to really be noticeable.
Trading is not so simple. You cannot calculate an static value for each year. Using an filter for traders that have traded on eToro last 365 days more than 40 trades over 400k users with public profiles are only 26 traders that have 2016, 2017, 2018, 2019 with more than 5% profit in year in a row. With 15% (your calculation) last 3 years in a row are only 7 traders on eToro with public profile and i hope you are copiying one of them without calculating that the past cannot guarantee the future.
This hit the nail on the head perfectly... It seems like everyone goes through the same stages when they start trading. It's like you described my journey too haha
I have account on Etoro since 2018 my 900eur is today 400 unfortunately it is 100% people are losing money because Etoro a dozen of hidden fee and traps who ever invested you would never see it back
Are you copying people or trading manually? And do you think all those losses came from fees and hidden things, or just trades which weren't profitable?
Brilliant video and great advice. There are a few vids on YT but none have advised practising in the demo account when realistically this should be any beginner's first step. It's madness to start trading real money with 0 experience and hope for the best, especially if just copying other people's portfolios.
Yeah, I did actually check some of the other major retail-focused brokers and it all seemed to be fairly similar in terms of percentages of losing clients.
I have one word for you Mr. Social Trading Vlog person: *Thank You* I'm not a total newbie when it comes to trading but I'm still going to watch this video again - and then again every so often.
Thanks for your honesty. After watching a couple of vlogs on how to start on Trading 212 as a beginner. I'm glad I stumbled across your video. Seems that 'Invest' and ISA's are relatively safe options but CFD is a different ball game, with the same stat of 76% losing. Seems long term gain is key and only lose what you can afford to!
@@chamboyette853 well yes and no, for example with lower capital its bettee to be risky and with higher capital look for safety, this is just an example of how it deppends on yourself how you invest and why you should have a custom portfolio. Its also easy to learn and quite catching once you are in. That said, I would recommend copy-investing rather than not investing at all
I used to bet for a living. I made good money but my turnover was 50,000 Eur/Month. To make money you need to PUT IN money. I see people betting with 10 Eur or 100 Eur expecting they will make money. It won't work. I can guarantee that. If you put in peanuts, you get peanuts. I used to make 3,000 Eur bets and that's why I was able to make money. Yeah, it's not a comfortable position to be in but you get what you put into it. I had days where I lost 5k in less than an hour. Not a good feeling. But I kept betting because I believed in my strategy. How much was my profit from 50k turnover a month you ask? 6k. 12%. It's not easy. If you want to make quick money then crypto trading is where it's at. Easily 20% a month if you know what you are doing. I made 80% profit on my account when Bitcoin was crashing from 20k. And no, not from shorting. From going long! Stop and think about that for a moment. Everyone was panicking and I took advantage of it over that month. For experienced traders the crypto market is like taking candy from a baby. If you want to start trading, it's the place to be. The crypto market is 90% beginners and 10% professionals. Stocks is 90% professionals and 10% beginners. Good luck making money there. You will be outplayed at every turn. It's like fighting a professional boxer. The odds are stacked against you. Crypto is a golden opportunity for beginners. Go where the odds are in your favor.
Hey my friends, really great video but wanted to add that 20% is still a lot. To be fair anything around 10% per year is really, really good. You won't even get close to that revenue in any bank or elsewhere. Furthermore, if you keep saving some money of your paycheck and keep investing that into your portfolio you will be doing really good in 5, 10 or 20 years. And your portfolio will definitely grow. Also don't be scared to sell stocks sometimes and just have some cash without rebuying any. For example right now the stock markets all around the globe are weak. It's ok to have only 75% or 50% of your available money invested (should be in stocks you really trust on the long run) just wait until the markets recover (don't try to catch a falling knife) and then buy in later with your left available cash money.
This! Whatever you do investing, remember - there are people around the world buying houses, doing all the paper work, maintaining it, doing repair work, take the risk of the tenants not paying rent, the risk of house price going down, the risk of not being able to find renters etc.... All this, sometimes just to make 5%... So if you can make an average of 10% average over 30 years, you have done an amazing job - also depending on inflation in your country. If your currency is inflating at 7%, you should aim higher for taking risk.
I stumbled upon your account just tofay after starting trading in Etoro and im a novice. Thsi video really changed my perspective and I am grateful to have landed across your channel!
I really like your human and honest way of sharing your story. Not the common " look how much money I did in a year" chatter. Quite useful for people that like me, are just taking their first steps in trading in etoro
Could not agree more actually with this, that is exactly why most the money is lost. Retail trying to get rich quickly, chasing big winners and forcing it and it's not that Also, not realising where you are in the process. This takes years and years to become proficient. Beginners believing they can be the top 24% and above at the start? Take a step back and realise how stupid that even sounds. Even if you come in during the right conditions for what you're doing, they then change and good luck turns to big mistake. What you're doing is learning not getting rich so don't throw huge money at it and realise where you are until a few years of being consistent over different conditions
I think it all depends what we invest in - some assets seem safer than others, but I'm really not sure what's going to do well right now - everything seems very unstable. I'm currently really interested in the metaverse and NFTs, but to be honest, as an investment, that may be the riskiest one yet - it's still where my interest is though. I think there's a chance that the 'metaverse' (online virtual worlds) may replace the current internet as we know it, so can you imagine the possibilities in terms of new markets to explore and new business opportunities? Especially around online education etc. I think for a lot of people, it may be worth investing in whether their current services can be offered in the metaverse, and if so how. And thanks so much :)
Hi, I just started trading and I will add this video to my favorites just to watch it every time I feel buying on guessing or feeling greedy. Thank you !
Love your video, that's exactly how a newbee think. Patience is really important. I feel it's actually more important than making some money, to get your patience trained
Thanks - really good video - I was just about to start buying 3-5k euro crypto and had just installed etor yesterday - but think not for me as I have a biz where I can often make more than 20% on deals (broker in 2nd hand IT for 25 years) - so once again - thank you - keep up the good work.........
Hi there! No recent updates:( just noticed that your latest video is 2 years old, I wanted to know how you’re doing with trading now? Would you still recommend? Hope you’re well!
Great point, I had the same mentality until I started looking at my gain in % and not in cash. Then I realised making 5-10 % a month is absolutely massive and very easy in crypto. Now i'm making a very stable income day trading crypto. The key is look at the % you earn, not the cash.
bro, more helpful and relatable than any video i've seen since i started. DONT MISS OUT is the mindset I had today so I bought 5 shares of a rising company and ended up losing a lot more than gains. THERE WILL ALWAYS BE ANOTHER CHANCE is what im going with now.
just become a platinum member to have a portfolio worth 25.000 dollars then you can withdraw for free... if my sarcasm wasn´t clear enough yeah, 25000 is a lot of money to start out with as a retail invester
Isn't some sort of withdrawal fee standard practice on exchanges? It's on all the ones I've used so far in some form or another - I wish it wasn't there too, but I can't see how to avoid it when they're all doing it...
hehehe. No, that would be sneakily very clever though, you're right. To be honest when the cryptos were last booming, i genuinely started to see 20% per year as totally unacceptable :) My expectations got hugely distorted... Mind you, now that the cryptos are moving again, I can see that mind set coming back all over the place.
So if I invest 4,000 USD in low risk mode (at 20%), that means I make 800 a year?... And then what?... Can I add those 800 USD to the 4,000 USD and keep investing?. Let's say on range from 10% to 30%?...
You forgot to mention that the 76% refers to CFDs only, and Etoro refers to it because EU regulation (and probably also in other places) is that any broker who offers CFD must warn its users about the risks. the 76% is pretty much the same as any other platform that might use much less 'friendly' GUIs (Plus500 e.g.) It has nothing to do with Etoro's interface, it's just how CFDs are - rip offs. I don't think most people use Etoro for CFDs, there are better platforms for pure CFD trading. Etoro is primarily used for copytrading (basically a new version of portfolio management), which are mostly on assets not CFDs. I'm afraid you were just terribly confused here.
Just signed up to Etoro today, I have watched a good portion of your videos thanks for the advice. I will be taking this onboard I don't want to join the 76%...
Good advice. A wise reminder of what I have learned over the years about losing money. As I haven't invested in the markets for a few years, I need reminding of the rules before starting again. I intend to take it nice and slow. I've opened an eToro account and intend to learn how to use it properly before I begin.
Thank you, thank you, thank you!!! I was about to make the same mistake and some blog pointed me to you. I think you are truly sincere and trust worthy!
Sobering stats. The markets are ediots proof. As they say, a fool and his money soon part. Golden rule of trading. Learn, research, trade and wait. Go long.
True Statement, especially for new traders as in beginners, i have done the same mistake but learning as i am going to need to be patient and like you said too many opportunities every minute
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett. So true.
Yeah, it does seem that way.
I've been patient for many years and your advice is spot on.
@Memo ries yeah baby doll for sure
@@manictiger It worked? Making 20k + every year?
manictiger sounds like the start to an advertisement from one of those ‘Instagram traders’
“Do you want to make 7 figures a year, I do and you can too if you follow these steps which involves you paying me £2k to get into my trading circle and then you can earn the big bucks”
It's great advice, but 76% of people will ignore it.
Yeah, that would make sense... :)
and thanks!
Social Trading Vlog sor dube is your idea is use etoro with selfstudy and buy by myself? i am not totally understand cause motherlanguage isnot english
🤣🤣🤣
assuming everyone partakes
From the way he talks, he looks like the "I'm not mad, I'm just disappointed" kind of guy.
I'm not that disappointed though either really...
@@SocialTrading youre just a great guy
thank you for being honest man, thats the whole value of this video
I like his video; and the moment he says; get rich fast ... thats me on e torro; so many times I neglected 500usd profits cuz I thought hell; if its no 5000 then its not worth it 🤦♂️
I've been doing my apprenticeship for a year, on the virtual wallet, and I've learned a lot, I've watched millions of videos, courses, but let me tell you something, your video has been the best I've ever seen so far!
Thank you for sharing this thought so clear and so reasonable with us! I'll take your words and I'll use them as if they were mine!
Thank you Mr. Thomas! ❤
Cheers Lucas :) I'm really glad it was of use!
I love the way you explain everything! Thankyou
thanks so much :)
I love how honest and accurate his advice and opinions are. Thanks for this :)
That's very kind of you to say :) Thanks
Yes. Thanks for ur honest advice. Be a taxi driver, lawyer, doctor but get out of those Get Rich Scheme!
I agree
But why almost every Social Trader lost 2018? If you check there History they all lost in 2018 and suddenly boom 2019+2020 10-30% up easy. ITs strange....
@@CuriousConnoisseurs everyone got overexposed to cryptos in 2017... 2018 they started drawing down and spent all of 2018 slowly losing value... we all held onto them during 2018 as nobody wanted to sell and lock in their losses. 2019 saw them balance out and everyone started going up again. at least that's what I was seeing at the time...
I just love how humble and honest this guy is, I just downloaded Etoro and this is the first video I watched and I feel much more calm after watching this video. You have a great way of presenting your facts and opinions man, keep it up and good luck! This video made my day 😇
Thanks Brendt :) It's super-risky though!!! Don't be too calm :) Much appreciated.
So a year later.....how has your investments gone?
@@LorriSanga Pretty well actually, I've gotten much better at analyzing trends and figuring out the right time to boom boom kachoom 😎☕
How have you done 2 years later with eToro? I'm thinking of opening an account but have not yet. I have opened a Dreamfire52 account and have so far been very satisfied. Just curious to know if eToro really works.
I had an etoro ad showing before the video started lol
Yep - my ad revenue shot up this month. I think they're doing a big ad campaign right now - probably due to the crypto surge.
Me too xD
I got Expert Option
hehehehe
same :)
Rock solid advice.
In these days of 0 percent interest rates even a steady 5% per year is fantastic!
I recently started trading in the coronavirus crisis and made a nice profit first time and it was really fun, but I find it interesting that so many people don`t do research in what they`re trading in. I made my profit because I spent like five days deciding on what I should trade with. I am glad that I did my research first. Start small and build up to a bigger fortune, it`s worth the wait.
Glad to hear it's going well!
Dead Red Souls so what stocks are you trading ?
same here, got 20% in a month as a beginner but mostly because of the crisis.. I bought when everything was low and sold 4 weeks later (share options)
Dead Red Souls do u mind if I ask you where you research or what you check before investing?
@@HECCKILLER Dude I bought Amazon in March...
6 months later here I am, 80% of profit.
OMG I'm so stupidly lucky...
The 76 % are relevant just for the CFD trading which does not include stock or crypto buying, that might be litte misleading..
isn't cfd illegal in the US
Yes, this is an important aspect to consider!
Absolutely correct - misleading to quote the 76%. Most people won't use eToro to trade CFDs.
not really when you consider that etoro is possibly most famous for its copy trading products and all copied trades are cfds. Also all leveraged or 'short' stock positions are CFDs. Only 'buy' positions which are using no leverage are the underlying asset...
yes, that's why etoro U.S Is crypto-only.
I enjoy your videos and I agree with what you've said but it's important to point out that the 76% refers to retail investor accounts losing money when trading CFDs, not necessarily when trading the underlying asset. I'm still very much a novice in this area but I think that's a fundamental difference. That said, your advice is still solid and there are so many panic buys and panic sells where people are trying to live the get rich quick dream!
exactly, most youtubers will do CFDs and they can lose money cause they have a lot of it and people want to do it as well and lose money. CFDs are not a wise invesment for a beginner, buy a stock and be patient, thats it, invest small and be patient, this is not a way to quickly get rich
You're a very special person. Your sincerity and wisdom is refreshing. So many could learn from you. Best! Your new subscriber and fan!
thank you so much :)
@@SocialTrading Yes Sir! 🚀👀😃
Came across this video by accident but man I’m glad I did. You described me and exactly what I am doing now, I need to change. Clear, sensible and down to earth. Thank you!
This man is spot on with his advice for beginners -- something that begineers rarely get is the mindset they need to be successful in trading/investing. Man, patience is crucial and DO NOT GET GREEDY.
Proverbs 28:20 English Standard Version (ESV)
A faithful man will abound with blessings,
but whoever hastens to be rich will not go unpunished.
well said :)
Great advice
Well here's a different proverb ...Money cant buy you happiness. but it can buy you a ..First Class Ticket.. in the search for happiness !!!..💵💵💵.🤑🤑 . 🤗
You should definitely start giving talks not only on RUclips... your way of presentation is excellent
Thank you :)
I got an etoro ad lmao
But i didn't skip it because i love them xD
The only thing eToro's ads are successfully promoting at this point is RUclips Premium!
"with a lot of risk comes... a lot of risk" quote of the decade!
read this as he said it
When I first invested, I myself also have the mindset of getting rich real quick. I then begin to really watch and control myself knowing that getting rich quick is also losing money quick. Good video! Thanks so much for the advises!
Thanks for your feedback.
For more guidance
W..h..a..t..s..a..p..p
+ 1 ..6 ..1.. 3.. 9 ..0.. 9 ..8.. 3.. 7 ..5
Really good video and you are 100% right. I have lost like 50% of my money by doing the get rich quick . I will follow your advise . Thanks a lot again. 👍
I think most of us try the same tactics when we start :)
How are you doing now?
You're a good dude. You just saved me a lot of heartache. The 76% is a real thing. Copy Trading should only be done by folks who have capital and can tolerate that risk.
For me, getting ~5% ROI annually above inflation is great - if I could get that consistently, I could start from zero and retire in ~15 years. That's already much better than most of the population, who work until old age, and die poor. That in itself sounds like a goal worth pursuing. Once I'm there, retired in my 40s, I can start thinking how to get rich quickly ;)
Getting 20% APY would be amazeballs, meaning I could get there in ~4 years, rather than 15!
I really don't get people who scoff at these ROIs. Unless they're like terminally ill and have very limited time to become billionaires.
Love your honesty! There’s too many videos with thumbnails of a guy with his mouth open in shock, holding a one hundred dollar bill with a Bitcoin sticker in the left hand corner.
hahaha 😂
Thank you!:) I just opened my Etoro account and I put exactly 500 bucks in, but I didn’t buy anything yet... I took a class on investing and started to consult with an specialist to learn a little more, before starting to actually trade... I’m also watching some videos to learn more about etoro itself, and this video has definitely helped me to get a better perspective and recenter myself with my mindset. I still do believe that right now is a really good time to buy stocks from the big companies that are suffering because of this crisis, but that are big enough to survive it, and then once their shares go back to “normal” whoever is buying them now, should have some nice profits!!!:) I still would not sell, at least I don’t plan on doing so, I just want to take advantage of this socially sad, but for new investors, economically good opportunity, to enter the market.... I’m thinking of buying shares from someone like Lufthansa, Mariot or Hilton... because I believe and if I’m not mistaken I saw that they took a big hit (at least Mariot did) because of the Corona virus, but I believe that they will make it through this “phase”, and once they do, I want to be with them ;) I’m still not sure if I’ll buy from them or someone else, but what I’ve mentioned till now, is pretty much where I’m at mentally before buying my first “thing” with Etoro!:))) I already invest on the equivalent of the treasury here in Brazil!:) and I was wondering if I could invest on the US’ equivalent, from etoro... do you know if we can do that there?? Once again, thank you very much for your video!:))) have a great life!:) a be safe!!:)✌️
I don't know which ones I'd buy right now, as who knows how long this will drag out or what the long term effects will be... I'm copying the guys I'm copying so that they make those judgements as really, I don't feel qualified to (plus I don't actually want to be a trader - I haven't got the nerves for it...)
There is a U.S eToro, but it's only for cryptos as I think eToro is still trying to pass SEC approval to offer all their other assets in the U.S. I'm not sure what the current status is with that though.
Hope it all goess really well for you!
Using high leverage, over trading, no patience: people trying to get rich (like all the advertisements say you can on youtube etc), unrealistic time frames, not keeping to strategy's/disciplined trading. Even I am -2.49% so far this year so Im also included in that stat atm. Keep an eye on my etoro account though KOTrading, I will become the 24% Im confident of that :) Great to see you are learning quickly though Thomas.
Thanks for the feedback, and hope everything goes superbly!
That piece about missing out is the absolute truth!
:)
Great content Thomas. Been on a similar journey and reached this more grounded outlook with your help. I found this compound interest calculator which is quite an eye-opener really. Check out what happens with an initial amount of 1000, adding 200 a month for 20 years with a return of 15% per year with profits compounded monthly. Total contributions would be 49,000 and the total value a whopping 319,000. There's a graph too that really brings home the fact that it takes a good few years for results to really be noticeable.
www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator
@@BlissfulSilenceCome Nice :) I use this one sometimes (really simple but helps) www.forex21.com/forex-compounding-calculator/
Trading is not so simple. You cannot calculate an static value for each year. Using an filter for traders that have traded on eToro last 365 days more than 40 trades over 400k users with public profiles are only 26 traders that have 2016, 2017, 2018, 2019 with more than 5% profit in year in a row.
With 15% (your calculation) last 3 years in a row are only 7 traders on eToro with public profile and i hope you are copiying one of them without calculating that the past cannot guarantee the future.
Control the urge to become rich and don't think I should invest in this immediately.
Hope it's all gone well!
I'm so thankful to you for creating all these amazing etoro tutorials. They've been my source of all etoro-related information. thanks a ton.
cheers musharraf :) kind of you to say
This hit the nail on the head perfectly... It seems like everyone goes through the same stages when they start trading. It's like you described my journey too haha
It would be lovely if it was just a quick-fix money-making-machine :) but nope. It's a different kind of engine it seems.
and thanks!
I have account on Etoro since 2018 my 900eur is today 400 unfortunately it is 100% people are losing money because Etoro a dozen of hidden fee and traps who ever invested you would never see it back
Are you copying people or trading manually? And do you think all those losses came from fees and hidden things, or just trades which weren't profitable?
Truly this is one of the best advice I had on trading
Thanks for your feedback
For more info on cryptocurrency
+15137152060
For guidance
Well to respond 🚀
20% rewards annually are huge so just remember 20%each years is kind of fantasy as well
Brilliant video and great advice. There are a few vids on YT but none have advised practising in the demo account when realistically this should be any beginner's first step. It's madness to start trading real money with 0 experience and hope for the best, especially if just copying other people's portfolios.
Thanks :)
You've videos are so helpful, I really appreciate them! Keep them coming!
Is there a way to change the money values to £ Instead of $?
Thanks
Cheers Rob :) Nope, I haven't found one yet. I guess it would mean live currency conversions all the time or something...
All brokers have around 75-76% of its clients losing money, its not just etoro, i have seen some brokers where 80% of people lose money.
Yeah, I did actually check some of the other major retail-focused brokers and it all seemed to be fairly similar in terms of percentages of losing clients.
love your honesty! An eye-opener!
starting etoro today and I think your vid was exactly what I needed to see. thanks
Hope it all goes well! Yeah, it's extremely easy to lose money - taken me a while just to learn how not to lose it.
Oana, have you lost money yet?
Just started investing on etoro about 3000$
Hope it all goes well ! :)
Don't transfer them back to account unless you have 25% or more profit, Etoro charge $5 withdrawal fees but has other fees & banks take their cut too!
How did it go, whats your stats
how are you doing
@@dylanaberson9990 If there´s no answer, then it´s gone =)
"(...) and with that lot of risk, comes a lot of risk" hahahhaa, loved that one :D so simple right, but we know, its money, its emotion :P
Mate your British accent reminded me good times that I spend in UK! Very friendly speech mate! Thanks for the info!
this is exactly the mistake I did .. Man, you have put it together so well. that I could see myself in your video.
:) Cheers
that's the best video I've seen so far about trading for beginners, thinking Long term is always the best !
Thank you :)
I have one word for you Mr. Social Trading Vlog person: *Thank You*
I'm not a total newbie when it comes to trading but I'm still going to watch this video again - and then again every so often.
Thanks for your honesty. After watching a couple of vlogs on how to start on Trading 212 as a beginner. I'm glad I stumbled across your video. Seems that 'Invest' and ISA's are relatively safe options but CFD is a different ball game, with the same stat of 76% losing. Seems long term gain is key and only lose what you can afford to!
I've been seeing this etoro for so many times..
And I'm thinking of making this investment but really had no much idea about stocks..
Check out sites like investopedia.com or babypips.com which have a lot of really good information for beginners.
@@SocialTrading I went on there but have no idea on how to start.
@@ericwitt4359 just start thats how you learn
@@MosterHunterFridom98 Isn't it better just to read what several experts say and if several of them say it is good to buy the stock then you buy it?
@@chamboyette853 well yes and no, for example with lower capital its bettee to be risky and with higher capital look for safety, this is just an example of how it deppends on yourself how you invest and why you should have a custom portfolio. Its also easy to learn and quite catching once you are in.
That said, I would recommend copy-investing rather than not investing at all
Fantastic explanation, you've completely instilled the low risk, low reward mentality for me... So many mistakes I've made in the past.
Me too :) thank you
I used to bet for a living. I made good money but my turnover was 50,000 Eur/Month. To make money you need to PUT IN money. I see people betting with 10 Eur or 100 Eur expecting they will make money. It won't work. I can guarantee that. If you put in peanuts, you get peanuts. I used to make 3,000 Eur bets and that's why I was able to make money. Yeah, it's not a comfortable position to be in but you get what you put into it. I had days where I lost 5k in less than an hour. Not a good feeling. But I kept betting because I believed in my strategy. How much was my profit from 50k turnover a month you ask? 6k. 12%. It's not easy.
If you want to make quick money then crypto trading is where it's at. Easily 20% a month if you know what you are doing. I made 80% profit on my account when Bitcoin was crashing from 20k. And no, not from shorting. From going long! Stop and think about that for a moment. Everyone was panicking and I took advantage of it over that month. For experienced traders the crypto market is like taking candy from a baby. If you want to start trading, it's the place to be. The crypto market is 90% beginners and 10% professionals. Stocks is 90% professionals and 10% beginners. Good luck making money there. You will be outplayed at every turn. It's like fighting a professional boxer. The odds are stacked against you. Crypto is a golden opportunity for beginners. Go where the odds are in your favor.
Hey my friends, really great video but wanted to add that 20% is still a lot. To be fair anything around 10% per year is really, really good. You won't even get close to that revenue in any bank or elsewhere. Furthermore, if you keep saving some money of your paycheck and keep investing that into your portfolio you will be doing really good in 5, 10 or 20 years. And your portfolio will definitely grow.
Also don't be scared to sell stocks sometimes and just have some cash without rebuying any.
For example right now the stock markets all around the globe are weak. It's ok to have only 75% or 50% of your available money invested (should be in stocks you really trust on the long run) just wait until the markets recover (don't try to catch a falling knife) and then buy in later with your left available cash money.
This! Whatever you do investing, remember - there are people around the world buying houses, doing all the paper work, maintaining it, doing repair work, take the risk of the tenants not paying rent, the risk of house price going down, the risk of not being able to find renters etc....
All this, sometimes just to make 5%... So if you can make an average of 10% average over 30 years, you have done an amazing job - also depending on inflation in your country. If your currency is inflating at 7%, you should aim higher for taking risk.
Excellent video. Truly insightful e real. Keep on, mate. Greetings from Portugal.
Thank you :)
I stumbled upon your account just tofay after starting trading in Etoro and im a novice. Thsi video really changed my perspective and I am grateful to have landed across your channel!
Thank you so much :)
One of the most honest videos I've seen on youtube! Thanks!
Cheers Ollie! :)
Absolutely brilliant words Tom! Thanks for that mate!
Thank you. Much appreciated :)
Brilliant advice. Probably the best video i've seen since my research on stocks and shares began
I really like your human and honest way of sharing your story. Not the common " look how much money I did in a year" chatter. Quite useful for people that like me, are just taking their first steps in trading in etoro
Thanks Juan :)
You just earned 1 subscriber from me and I'm listening at 1.75x speed and still understood. Beautiful explanation!
Your all missing the point about Buffett and Charlie.They started an insurance company and used part of that cash to invest.
Could not agree more actually with this, that is exactly why most the money is lost. Retail trying to get rich quickly, chasing big winners and forcing it and it's not that
Also, not realising where you are in the process. This takes years and years to become proficient. Beginners believing they can be the top 24% and above at the start? Take a step back and realise how stupid that even sounds. Even if you come in during the right conditions for what you're doing, they then change and good luck turns to big mistake. What you're doing is learning not getting rich so don't throw huge money at it and realise where you are until a few years of being consistent over different conditions
yep. I reckon so.
Love your honesty, i got a lot out of this video.
Thank you :)
Thank you for the video. Great advice :-). But if I can ask. what do you advice? Keep your money in the savings or try to invest?
I think it all depends what we invest in - some assets seem safer than others, but I'm really not sure what's going to do well right now - everything seems very unstable. I'm currently really interested in the metaverse and NFTs, but to be honest, as an investment, that may be the riskiest one yet - it's still where my interest is though. I think there's a chance that the 'metaverse' (online virtual worlds) may replace the current internet as we know it, so can you imagine the possibilities in terms of new markets to explore and new business opportunities? Especially around online education etc. I think for a lot of people, it may be worth investing in whether their current services can be offered in the metaverse, and if so how.
And thanks so much :)
You sound so real, so sincere, so experienced. Thanks for sharing your wonderful thoughts
Really kind of you to say :)
I love how honest he is! This is really helpful from a beginner's point of view
From someone wanting to act on a lingering interest on trading. This is legitimately the best video on trading I've seen
Thank you for your kind advice, just discovered this trading platform and wondering how it works!
Hope it all goes really well for you! Thanks :)
Hi, I just started trading and I will add this video to my favorites just to watch it every time I feel buying on guessing or feeling greedy. Thank you !
Run into a two-hour-long Seminar of a Business School explaining the same thing. Really good advice.
Love your video, that's exactly how a newbee think. Patience is really important. I feel it's actually more important than making some money, to get your patience trained
“Wide diversification is only required when investors do not understand what they are doing.” ...
@Jacob L warren buffet does not use diversification, go read his quotes
Thank you for such an honest and helpful sharing to us. Keep up the good work sir and God bless you!
Thanks a lot :) god bless you too sir !
Thanks - really good video - I was just about to start buying 3-5k euro crypto and had just installed etor yesterday - but think not for me as I have a biz where I can often make more than 20% on deals (broker in 2nd hand IT for 25 years) - so once again - thank you - keep up the good work.........
Thanks, much appreciated :)
Hi there! No recent updates:( just noticed that your latest video is 2 years old, I wanted to know how you’re doing with trading now? Would you still recommend? Hope you’re well!
Thanks :) I've got loads of videos after this one though!
Man, you actually make me laugh in these videos when mocking yourself. You remind me of me 😭😭 had to give a sub
Thanks Brian :)
Great point, I had the same mentality until I started looking at my gain in % and not in cash. Then I realised making 5-10 % a month is absolutely massive and very easy in crypto.
Now i'm making a very stable income day trading crypto. The key is look at the % you earn, not the cash.
How to trade
If I become a successful trader someday ! Surely I will remember you
this is probably the most direct, honest and realistic explanation that I saw regarding trading, amazing guy
bro, more helpful and relatable than any video i've seen since i started. DONT MISS OUT is the mindset I had today so I bought 5 shares of a rising company and ended up losing a lot more than gains. THERE WILL ALWAYS BE ANOTHER CHANCE is what im going with now.
Guys the withdrawal fees are 25$ that's a loss! Is it taken into consideration?
Yeah - This shocked me also. 25$ to get YOUR money back. This is ridiculous.
just become a platinum member to have a portfolio worth 25.000 dollars then you can withdraw for free... if my sarcasm wasn´t clear enough yeah, 25000 is a lot of money to start out with as a retail invester
Isn't some sort of withdrawal fee standard practice on exchanges? It's on all the ones I've used so far in some form or another - I wish it wasn't there too, but I can't see how to avoid it when they're all doing it...
@@SocialTrading No - At least the broker(s) i use, i pay no withdrawal fee. For example Degiro, Consorsbank or Comdirect.
Thanks for the eToro advice, which actually is a life advice. Subscribed.
Thanks for your feedback
For more info on cryptocurrency
+15137152060
Well to respond 🚀
Ads are getting smarter. I feel this guy is advertising etoro: "You ONLY make 20%...."
hehehe. No, that would be sneakily very clever though, you're right. To be honest when the cryptos were last booming, i genuinely started to see 20% per year as totally unacceptable :) My expectations got hugely distorted... Mind you, now that the cryptos are moving again, I can see that mind set coming back all over the place.
Loved the video, good advise and you have a charming way of putting the information across. Thanks for the video.
The way you explain and showcase stats and experience is soo good, really enjoy that even now 2 years after the upload!
Thanks for your feedback.
For more guidance
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So if I invest 4,000 USD in low risk mode (at 20%), that means I make 800 a year?...
And then what?... Can I add those 800 USD to the 4,000 USD and keep investing?.
Let's say on range from 10% to 30%?...
Ricardo Manuel Arana yeah man compound interest
compounding interest
instead you can go in high risk mode and next day buy a lambo
or you will lose 5%. There's no guarantee of anything
Someone said that if trading was easy everyone would be doing it.
Yep :)
You look like a hollywood star! great advice i was able yo finish the video without being bored.
You forgot to mention that the 76% refers to CFDs only, and Etoro refers to it because EU regulation (and probably also in other places) is that any broker who offers CFD must warn its users about the risks. the 76% is pretty much the same as any other platform that might use much less 'friendly' GUIs (Plus500 e.g.) It has nothing to do with Etoro's interface, it's just how CFDs are - rip offs.
I don't think most people use Etoro for CFDs, there are better platforms for pure CFD trading. Etoro is primarily used for copytrading (basically a new version of portfolio management), which are mostly on assets not CFDs. I'm afraid you were just terribly confused here.
Thanks for your feedback.
For more guidance
W..h..a..t..s..a..p..p
+ 1 ..6 ..1.. 3.. 9 ..0.. 9 ..8.. 3.. 7 ..5.
Thank you for your video 🙏🏻🙏🏻🙏🏻
Thanks for watching Elisa! :)
What a kind person you are :)
That's a very kind thing to say! Thank you :)
To fool them is easier then convince them they are fools.
This is more relatable to me than my parents
:)
Not if you're from Alabama
What a brilliant and refreshing discussion, well done
Thank you :) I thought I might get in trouble for this one, but it turned out really well. I actually like this video too...
Just signed up to Etoro today, I have watched a good portion of your videos thanks for the advice. I will be taking this onboard I don't want to join the 76%...
Cheers Aaron - hope it goes really well :)
Good advice. A wise reminder of what I have learned over the years about losing money. As I haven't invested in the markets for a few years, I need reminding of the rules before starting again. I intend to take it nice and slow. I've opened an eToro account and intend to learn how to use it properly before I begin.
Thanks Terry :) Hope it all goes well!
Been watching your videos for a good long while now and I really do think you need to create a Udemy course covering eToro. I for one will buy.
Thanks Alan :) I don't know about that - it's a lovely bit of encouragement though, so thanks :)
i loved the sharing of advice and experienced. it's really true.
Thank you :)
The key is too compound your profits every year turn a small pot of gold into a big pot of gold.
Ideally, yes :)
So, which platform will you recommend to beginners?
Thank you, thank you, thank you!!! I was about to make the same mistake and some blog pointed me to you. I think you are truly sincere and trust worthy!
Kind of you to say :) Much appreciated.
I laughed while watching this because of how right you are
:)
76% are losing money, 22% are breaking even and 2% are making a little money. Welcome to eToro!
Sobering stats. The markets are ediots proof. As they say, a fool and his money soon part. Golden rule of trading. Learn, research, trade and wait. Go long.
Sobering stats. The markets are ediots proof. As they say, a fool and his money soon part. Golden rules of trading. Learn, research, trade and wait.
Not a great advert for etoro. The only people making money from it are the people who plug it.
Dude, you are so great. Really PUBLIC SERVICE with these kinds of videos. I appreciate. Much love for you and your loved ones.
Thank you and same to you! Very kind to say :)
True Statement, especially for new traders as in beginners, i have done the same mistake but learning as i am going to need to be patient and like you said too many opportunities every minute
Thank you. An excellent sharing. That's exactly I have experience in the early day.
:) cheers for watching