February 19, 2015 by Andrew Minalto - 45 Comments

My 2015 eToro Investment Update!

etoro-2015

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I have a NEW – 2016 UPDATE for eToro Trading!!! Click on the Link BELOW:

eToro REVIEW for 2016 + My Results & Update!

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It’s finally here – the long awaited eToro trading update for 2015! I know that many of you have been waiting for an update from me on eToro since last year and I’m very sorry that it took so long for me to get this done. You know how it goes – there are always too many tasks on your plate and there have always been other topics of higher priority that I needed to cover on my blog.

But as it turns out, I’m actually very glad that I didn’t write this update earlier as just last week, eToro launched a brand new, totally revamped stats page, which we’ll cover later on in this post. So this will be the latest, most up to date material you could wish for.

For those people who are totally new to eToro and don’t know what this is all about, I recommend you check out these two posts first:

The first post describes what eToro trading is all about and will give you a basic understanding of how this works and the principles behind my investment plan, which utilises the Copy Trader function on eToro.

The second article is an update I did in 2013 in which I go over all my discoveries, tips and tricks (as well as mistakes!) – everything that I learned during the early days of my investing career.

Both of those posts are very valuable and still valid in 2015. There are some technical changes that I will cover in this blog post but the overall strategy of copying low risk traders remains the same, as I’m simply looking for a relatively safe investment form with higher gains than bank deposits or property rental.

Ok, so let’s cover the latest news on eToro and take a look at how my investment is getting on in 2015!

Deposits/Withdrawals

etoro-depositsI really wanted to start my update on this topic as there seems to be a lot of misconceptions and false information floating around the net; people saying that eToro didn’t let them withdraw money from their account and other such nonsense. First of all, let’s cover the basics of uploading money to your eToro account.

Once you have registered for your free account, you can go to the Cashier section and upload funds in various ways:

  • Credit card
  • PayPal
  • Skrill
  • Neteller
  • Webmoney
  • Wire transfer (bank transfer)

The minimum deposit amount is $50, apart from wire transfer, where the minimum is $500. (more…)

March 21, 2013 by Andrew Minalto - 99 Comments

My eToro Trading Strategy – Update for 2013

 

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I have a NEW – 2016 UPDATE for eToro Trading!!! Click on the Link BELOW:

eToro REVIEW for 2016 + My Results & Update!

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I have been getting many requests from my blog readers to write this post, so here it is – my overview of trading on eToro over the past 12 months using my rather simple eToro Trading System!

The Results

This is for the period from March 2012 – February 2013 (included) – the last 12 months.

I started with a £10k deposit at the end of 2011. Currently my bank account stands at £20k+. This was achieved in the space of around 14 months.

Is it a good profit to have on a passive investment? You bet it is! I’m very happy and even actually surprised that I managed to keep my head well above water at the end of the year considering I made two stupid mistakes which I will cover later in this post.

When I first started trading on eToro my idea was to make 10% profit (+/-) each month. In reality that turned out to be mission impossible. I know, I know – greedy me! But over the last year spent following traders and seeing how good traders can go down the drain in a matter of just a few days, I realised that whatever I do, I won’t be able to predict such situations and un-copy in time, just before disaster strikes.

A 10% monthly yield would mean a 313% yearly yield (remember, monthly results would accumulate so it’s not just 120%). My result is 80.5%, which is roughly 25% of my initial goal. If we look at my eToro trading experience from this point of view, I have failed miserably. But then again, I’m more realistic now than I was a year ago.

If you ask me today, I’d say that by following my eToro trading system, you can achieve a 30%-100% yearly gain, probably 100% being a very lucky case. Even with 80% I consider myself very lucky. Realistically, 30%-60% is probably what you’re looking at.

Is it good or bad ROI? Depends on how you look at it – I could probably make way more by investing that money in stock and selling on eBay, but that would require way more time and effort on my part. eToro trading is all about passive income – I really don’t spend more than 1-2 hours a week on this, just enough to monitor current traders, cancel bad ones and spot rising stars. So it’s not really comparable. (more…)