Taking the plunge

So I stumbled across Etoro a few weeks ago. It struck me as an awesome idea at first but I wasn't sure how confident I was trusting other people with my own money. I've dabbled a bit in forex trading with demo accounts in the past, usually with limited success. I would read all the beginners guides, watch all the free webinars and came to the conclusion that it was all a bit of a dark art.

I decided I was going to take the plunge, with the minimum deposit of course, which is $100. I didn't want to invest hellish amounts of money for it to all go tits up. But first I realised I would have to do my research. Etoro actually have the option of a demo account but you can tell they haven't really put much thought into that one, you cant actually copy any traders in the demo version which was the whole aim of me joining Etoro so I just gave it a miss. Plus it would feel a bit like Deja Vu as I've played with countless demo accounts in the past.

I watched the site for a couple of weeks, checking peoples stats and following people that looked interesting. This made all their transactions and interactions appear on my homepage so that I could keep an eye on them. I was ruthless, if they made one fuck up they would be off my list.

The search people feature that Etoro provide was quite useful, it did the majority of the hard work for me. All I had to do was strike people off that list. After a fortnight I had two people who I was interested in. Andre Bauer @hyperbird and Tom Willacy @tomwillacy.

Both these guys had impressive win ratios and most importantly, they traded very low leverage, which is what I was looking for. The main factor in my choice though was that Andre traded mainly in currency whereas Tom traded in stocks. Now stocks is something I am interested in but my main plan was to trade currency to begin with, so Andre it was.

I hit that copy button and invested $100 in Andre. Now whatever Andre does I do, when he buys I buy, when he sells I sell. He has traded solely in Euro/Usd so far and I've been making some small profits. Which will be big, then huge. The more I invest.

If you want to check me out on Etoro then im @Hudson850, I even have some followers already. Heaven forbid I actually get some Copiers. Plus if you are also thinking of taking the plunge and have stumbled across my blog, use this link  http://etoro.tw/1bQkoNK. It gets you some extra dollars on your first deposit, which really is a no brainer.

Bye guys!

http://etoro.tw/1bQkoNK