Fabian (@FabianMarco) from Germany will soon be marking his 5th anniversary on eToro. He mainly trades currencies and commodities and doesn’t shy away from short positions when markets are down. He holds his positions open for an average of 2 months at a time. He took the time to answer some questions about his trading history, style and his time on eToro:
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. This is not investment advice.
Tell us a little bit about yourself
My name is Fabian Marco, I am 29 years old, and in December, I will be celebrating my 5-year anniversary on eToro. At the moment I live together with my wife Rebekka in a medium-sized city in the southwest of Germany.
Did you have previous experience with financial investments before joining eToro?
I wanted to buy my first stock (Infineon) with the money I received on my thirteenth birthday. A short time later, the price of the stock rose tremendously, and I could have easily doubled my first investment. Since then, I’ve been fascinated by the stock market and still a little annoyed at my dad for not allowing me to purchase the stock.
Why did you choose to join eToro?
To be honest, I was a student back then and therefore quite broke. But since I had always done quite well in stock market simulations, I really wanted to test my skills under real conditions.
What are the three key benefits of using eToro?
For me, it is definitely the low fees, the possibility to trade with leverage, and the simple and clear interface of the platform itself.
How has eToro changed the way you trade?
I think I have become much more flexible as a result of the wide range of instruments available. Being able to open sell positions allows me to expand my strategy to overvalued stocks and currencies, as well as make profits even when stock market conditions are difficult.
What is your type of trading strategy and what is it focused on?
That depends a little on the current market phase. At the end of a long bull market, I usually focus on overvalued indices and currencies to short them and thus benefit from coming corrections and crashes. After a longer bear market, I usually buy cheap stocks from which I expect a strong recovery.
What are the benefits of being a Popular Investor and what is your long-term goal as one?
I think it’s nice to be a Popular Investor and get a bit more attention and recognition for my work. But actually, I’m mainly concentrated on continuing to make steady profits and increasing my account balance. My next goal is to reach the $100,000 equity milestone. When I reach that, the next milestone will be set, then the next, and so on. After all, that’s the best thing for my copiers, too.
Do you have any advice for your copiers/users considering copying you?
I always recommend copying open positions and maintaining the copy relationship open for at least three months. In addition, it is always a good idea to diversify your portfolio a bit and, if possible, gradually increase your capital through further (even smaller) deposits.
What are your hobbies?
My main hobby is indeed trading. But then my second passion is science, especially chemistry.
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. This is not investment advice.