FAQ

MY EXPERIENCE WITH ETORO (YANINA ALBO, ARGENTINA)

Real User Experiences with eToro. User: Yanina Albo; Argentina; Experience Level: Expert.

The following is a series of articles that relate experiences of real users of all levels of financial literacy using eToro. This series will probably benefit you if you are starting to trade or already have knowledge but want to know more about this platform. At the end of the article, you will find links to articles by other users.



User: Yanina Albo

Argentina

Experience Level: Expert

LinkedIn

Yanina is Content Director of the finance site andinotrading.com


After successfully working 15 years in financial roles in multinational companies, in early 2021, I decided to resign and take a different path. Beyond facing new professional challenges, I wanted to spend more time on retail trading since I made a lot of trades at work but never had too much time to dive in and do it with my finances.


I tried several platforms, some that I already knew from using them during my professional career and others that I had only barely heard of, including eToro.


Since I live in Argentina, I can't just "Fund the account and start trading". Due to strict capital regulations, doing simple things in other countries may have additional difficulties when funding and trading with a foreign broker from Latin America. Although eToro allows several funding methods, not every single one of them is available to Argentinean residents. So I ended up using one of the mainstream wallets. After the funding obstacle I've encountered, the road to trading was paved.

Recommended Platform

When I first read about eToro, the article stated that it's "THE" Social Trading platform. So naturally, then, the most logical thing would indeed have been to start trying it by simply copying another trader's activity. But I always liked to test the platforms the traditional way, placing simple trades to see the functionality.


Following that line, I started testing it with small trades in Cryptocurrencies that are so fashionable today. Bitcoins? No, too classic; I went with Ethereum. I first looked for statistics and analysis on Ethereum, and I found enough information on eToro to decide how to position myself. I opened a very conservative trade, taking into account crypto's volatility, defining careful Stop Loss and the Take Profit orders. If I couldn't monitor the transaction, I still wished to rest peacefully at night and know that I would not lose the invested capital. When I decided to close the trade, I felt pretty satisfied, I hadn't won much, but I hadn't lost either—a good initial test.


After this first trade, I said to myself: "let's see how good they are with social trading", and I got to look at the debates and forums built around each financial instrument. There I understood why they are the leaders of this branch of trading. For someone passionate about financial markets, eToro is a combination of a social network, a financial news forum, and a set of technical analyzes, all in one place, in real-time, with instant alerts and an entire community exchanging information—a pleasure for a financial geek like myself. So now I read eToro's forums as if they were one more financial journal to keep up to date with what is happening.


Although the platform at the specific trading level does not have too many features that differentiate it from others, the Social Trading one is where it adds much value.

Recommended Platform

Risk Warning:

By investing in or trading financial instruments, commodities and any other assets, you are taking a high degree of risk. You can lose all your deposited money. You should only engage in any such activity if you are fully aware of the relevant risks.

Contracts for Difference ("CFDs") are leveraged products and carry a high level of risk to your capital as prices may move unexpectedly against you. Losses can exceed your deposits, and you may be required to make further payments. 74 - 89% of retail clients lose money when trading CFDs. You should consider whether you can afford the high risk of losing your money. These products may not suit all clients; therefore, ensure you understand the risks and seek independent advice.

  

 

Disclaimer:

 

The information on this website can be accessed worldwide. However, this information and the products and services referred to on this website are only intended for recipients based in jurisdictions where the use of or access to the information, products or services does not constitute a breach of any law or regulation.

Please note that all the material and information made available by Alexon Capital Ltd or any of its affiliates (like asinko.com) is provided for information purposes only. Neither Alexon Capital Ltd nor any of its affiliates is making any recommendation or soliciting any action based on the material and/or information provided to you or making any offer, solicitation or recommendation to invest in / trade a particular financial instrument, commodity or any other asset or undertake any course of action.

Please note that all the material and information made available by Alexon Capital Ltd or any of its affiliates is furnished to you with the express understanding that it does not constitute investment or any other advice. By seeking your own independent advice, you will determine the economic risks and merits as well as the legal, tax and accounting consequences of taking any course of action, adopting any investment strategy, investing in and/or trading any financial instrument, commodity or any other asset. Furthermore, neither Alexon Capital Ltd nor its affiliates provide any tax, accounting, or legal advice. Hence if you require advice concerning such matters, you should consult your respective tax, accounting or legal advisors.

Please note that all the material and information made available by Alexon Capital Ltd or any of its affiliates is derived using various proprietary and non-proprietary sources deemed reliable by Alexon Capital Ltd and/or its affiliates. Accordingly, they are not necessarily comprehensive, and their accuracy cannot be assured. In addition, the information and analysis contained in such materials are based on professional judgement. Accordingly, they may differ from the conclusions or analysis provided by other qualified professionals asked to perform a similar analysis.

Moreover, please note that all the material and information made available by Alexon Capital Ltd or its affiliates is subject to modification, change or supplement without prior notice.

Neither Alexon Capital Ltd nor its affiliates accept any responsibility, duty of care or other liability arising to you or any other third party concerning any material and/or information made available by Alexon Capital Ltd or any of its affiliates. However, nothing in this disclaimer excludes or restricts any liability or duty that Alexon Capital Ltd or any of its affiliates may have under applicable law or regulation, which is not capable of being so excluded.

Advertiser Disclosure:

ASINKO.com is free to use for everyone but earns a commission from some of its counterparts with no additional cost to the end-users like yourself. Please note that all the material and information made available by Alexon Capital Ltd or any of its affiliates and products is based on our proprietary professional methodology, which is unbiased, prepared following the best interest of our customers and most importantly, independent from the remuneration structure we have in place with some of our partners.

© 2022 COPYRIGHT BY ASINKO.COM, A SITE OF ALEXON CAPITAL LTD

  • Telegram
  • Instagram
  • LinkedIn

CONTACT ASINKO.COM

PICK YOUR LANGUAGE