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$3 within 1 hour - Started with eToro earning.

Discussion in 'Making Money' started by blackpayman733, Oct 4, 2013.

  1. blackpayman733

    blackpayman733 Jr. VIP Jr. VIP Premium Member

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    I just tested Forex and eToro is quite interesting and easy to handle, But I'm a noob for this method.

    Started with - AUDUSD and earned - $1.67 (within 1 hour)
    again bought - EURGBP and earned - $1.27 (less than 1 hour)

    As i mention before I'm new for this but I could made $3 within 1 hour doing nothing :) Is there any one know good trick /charts please PM or shear here :)

    Thanks
     
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  2. abponline

    abponline Newbie

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    Use Point & Figure chart... use 10 boxes..3 reversal.. You should learn P&F. It's good to have. I also use forex rebellion along with P&F chart. Stay out of market seconds before the news come out usually 8am, 8:15am, and 8:30am ET time... 9am ET 10 am ET... even if you buy in the right direction you can get screwed. Example... you know the market will go up at 8:30 news.. just before 8:30 hits you set your buy point 6 pips above current candle close. The second it hits 8:30 they'll enter you 20s+ pips above your set point within millisecond..it happens so fast you don't have time to blink or know what hit you. Trust me, I've tested in many times! :eek:
     
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  3. bearmarketer

    bearmarketer Newbie

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    Isn´t etoro an online bucketshop?
     
  4. S E O

    S E O Power Member

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    Thats superb if you know any new technique update the thread as it will be useful for me also
    cheers
     
  5. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    There's the stock market, high risk.

    There's options and derivatives off the stock market, unbelievably high risk.

    There's casino gambling, where you lose all you ever owned.

    And then there's forex.
     
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  6. cherry676

    cherry676 Registered Member

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    etoro is not that recommended. They don't allow you to change password. That is annoying. By chance if you forget they will remind you. Suppose you have told this to someone and want to change then you are not allowed to change.
    My advice is, if you are a noob in forex, then stay out of it. You can make 3$ in one hour and loose them in just a minute. Forex trading itself is such a big risk. I made $11 profit in one day. I lost $14 the next day. Then I understood that $11 was just a lucky move made by me and everyday I cannot be lucky.

    If still you are determined to go then here are some tips:
    1. Invest little.
    2. Follow some experienced traders and ask them where to invest. There are many people in etoro who are experts and they are happy to give you detailed explanation if you ask even a dumb question. This is what I did to come out of losses. I asked some experienced person and he told me where to invest. I did and got into profits again.
    3. Stick to some currency pairs. There are many pairs to invest. But you have to stick to only a few currency pairs and get familiar with the variations of it. I would recommend to choose a maximum of three pairs of currency. Invest only in those pairs. Don't do gambling moves. Take a week to get familiar with the values and then start trading. Then you will know clearly what you are doing.
    4. Set a target. Don't trade just because you have to trade. Set a profit limit and loss limit per day. Once you reach that limit stop trading for that day no matter how tempting it is.
    5. Copy trading is also superb. Follow experts and copy whatever they do. They will go to profits and so you too.

    These are some of the textbook tips. I got them from a person I follow. Good luck.!:).
     
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  7. wanna_earn2

    wanna_earn2 Newbie

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    i am Forex Analyst and Currency Strategist.... i will advise u to dont enter in Forex .. u will loss all your money
     
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  8. *AMEX

    *AMEX Regular Member

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    True that. Any one that tells you you can make big bucks with forex is a fraud. If I were you I'd rather get into daytrading stocks

    Posted via Topify using iPhone/iPad
     
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  9. blackpayman733

    blackpayman733 Jr. VIP Jr. VIP Premium Member

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    nice advices, but can we get chances with tricks charts ? I saw some people used to follow charts and getting huge profit with their success,
     
  10. | ALIEN |

    | ALIEN | Regular Member

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    Trading has a big learning curve and takes experience and patience. Btw, I would't recommend etoro; spreads are too high. The web based trading app is appealing. But many traders prefer mt4. It is a fair bet that when you earned 3 bucks a lot of people also lost 30-300. (I'm sure you already know this though.)

    But there is a very good earning potential in forex.

    You should definitely visit babypips and forexfactory and look into some trading systems.

    edit :

    I have had some success with this system : http://www.forexfactory.com/showthread.php?t=276813 (not promoting any forums here, just helping out fellow black-hatter )

    You should try it with a H1 100MA to find the direction of the trend.

    Good luck.
     
    Last edited: Oct 5, 2013
  11. blackpayman733

    blackpayman733 Jr. VIP Jr. VIP Premium Member

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  12. spacezeus

    spacezeus Power Member

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    how many did u invest?
     
  13. blackhaterz

    blackhaterz Junior Member

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    hahahaha i also started using etoro but lost about $20 after investing in apple but i think the best way to learn is to use practice trading thats what i am doing right now, etoro will provide you with 10k for practice trading.
     
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  14. SocialMediaManager

    SocialMediaManager Elite Member

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    I had 1000$ in my paypal invested in Forex made 82$ in 34 Days and then lost 156$ when stocks fell

    I dont think forex is much money unless you have big Numbers or you or broker or affiliate
     
  15. Liaata

    Liaata Regular Member

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    Forex is the biggest financial market in the world and there a incredible profits to be made.
    Of course there is a big risk and if you step into this world without the needed knowledge, you will be one of the losers.
     
  16. blackpayman733

    blackpayman733 Jr. VIP Jr. VIP Premium Member

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    Only $50 (y) invest and waiting
     
  17. cherry676

    cherry676 Registered Member

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    OP, good that you are getting into profits. Keep going. BE CAREFUL!! Good luck.:)
     
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  18. Mr Rishav

    Mr Rishav Power Member

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    Be careful with Etoro. They always cheats the newbies and who is not GURU there. Even I made 1K$+ there. But after few days whenever when you will open trades and want to change the SL you'll not able to change it , and this will let you loose your money !!

    Even there support is not good enough. They will give you stupid reason as your net is slow, other things (
    Better be away from them Already lost 500$+ with them because of their platform when there is spike in market !!
     
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  19. deadsoul1

    deadsoul1 Junior Member

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    Etoro / No Etoro -> I would suggest to stay away from forex if you have option to. Couple of years ago I lost big chunk of my earning on fxopen and alpari mt4 platforms (forex I mean). I had investments in range of low X,XXX made good gains for few weeks and one bad trade took it all.
    Started it again and again and again. Point is even if you make decent gains in few trades, couple of bad trades will ruin the gains (you can't stop bad trades, they are part of trading). Eventually you wont be ending up with loss (for small investors forex market is like this). Plus, I am not sure if you follow trades during news announcement which adds high volatility. Without following economic calender do not trade during big news, trade can go either way.
     
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  20. webhostingproviders

    webhostingproviders Jr. VIP Jr. VIP Premium Member

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    Good luck, but not the impressive way to earn money.
     
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