Good luck using a dealing desk like eToro. Oh and their social trading platform stats are completely skewed.
Their platform isn't too shabby. I do agree with their stats though.
Their platform is very shabby when they want it to be, fine for the small time investors, but when they do not want you to be able to close a trade, ie when they are going to lose big money, you can guarantee you will not be able to close the trade. You should stay well clear of dealing desks if you want to trade Forex properly. eToro is great if you just want a mess about and a gamble, but certainly not the choice of a serious trader.
Are the bots setting stop losses? That would've prevented further loss. Are you using EA's or third party trading programs/scripts that automate the trades for you? What trading margins are you using?
Hey all,
Follow me on my journey to $1000 + a day using forex. I will be using Etoro + Avatrade. On Etoro I will be following the trades of other users and on Avatrade I will be using my forex robot to do the trading automatically. I will provide daily updates as well as screenshots. I can and will share my method with users once proven it is successful.
Week 1: I will be depositing $200 into each Avatrade + Etoro.
Regards,
Luke
I have never heard of Exotik Signals and I wouldn't be game to try them out unfortunately haha.
As for today, I am sitting on 5 open trades of EUR/JPY at 0.05 opening rate of 137.648.
I am also sitting on 5 trades of GBPUSD at an opening rate of 1.67850, currently the price is at 168850.
I will let you know how the trades go today. The EUR should gain and is looking bearish.