Any kinds of Investments involve certain risks, and it is possible for you to lose all invested funds by investing funds.
It is important to not Deposit more than you can afford to lose.
Especially, Forex is a very liquidated market and billions of money are traded every day.
You may earn great profits today, but you could lose them all tomorrow.
eToro traders = Profitable?
Bottom line, not everyone is profitable and your profit is not guaranteed.
The traders who have registered with eToro are normal traders like many others.
Some are professional and keep making profits, and some are not. You may also find a trader who is looking to make bigger profits with bigger risks.
eToro gives you the opportunity to
- Trade by yourself
- Chat with other traders
- Copy trades from some profitable traders
And you can find how other traders are trading from their list.
It is your responsibility to manage your funds.
Your trades could end up with losses if the trader you have chosen to copy from, happen to be making losses.
Know the Risk and Manage it
Even if your profit is not guaranteed by eToro, you have a great opportunity find profitable traders in there.
According to some reports, more than 80% of Forex traders lose their full initial investments, but with eToro, the possibility to become one of them is much lesser.
Beside, eToro has taken measures to limit risk exposures for its traders.
As Stop Out(Liquidation) occurs at 30% of margin level, and NBP(Negative Balance Protection) is applicable to all live accounts.
With eToro, your loss is limited to the original investment.