How To Trade Blog: August 2020

Saturday, August 29, 2020

To make money in Olymp Trade: Think like a predator (Part 14/20)

“No one is trading alone”. This is the principle that can never be changed. The market can’t print money itself. Trading platforms don’t print money themselves. And so does Olymp Trade. If you want to make money when trading in Olymp Trade or anywhere, it means that some individuals or some certain groups will lose money for you. Do you get it? In the world of trading, there are only 2 types of people: (i) Money makers and (ii) Money losers. And the question is: Where are you between the two types above?

The market is like a battlefield. It’s really cruel. And today, I will use the image of a predator as an illustration for a trader. Either you are the predator, or you die.

Stories about predators who specialize in making money in Olymp Trade

Trader in Olymp Trade – open 2 to 3 orders per day

I would like to share with you about an account that has been making a lot of money in Olymp Trade. He is exactly like a professional predator, and his favorite prey is GOLD.

There is nothing fancy about this trader. All he does is look at a 30-minute chart of the gold price. Then, he identifies the market trend and opens orders. There were days when he didn’t trade, simply because there was no opportunity. The day he traded the most was just with 3 orders. Eventually, he took profit and withdrew money from Olymp Trade account to his bank account. That’s all! And here is the detailed video:

Making money is so simple, isn’t it? No! It is not that simple. Or to be more precise, when you look at the price chart, keeping yourself patient is not simple. For professional “predators” in the Olymp Trade trading platform, most of the time, they do nothing. They just wait, wait, and wait. When the market gives clear entry points with a high win rate that is worth the money, they open orders.

Saltwater alligator, the ultimate predator

Over 200 million years of existence, it has evolved, developed, and completed skills to become one of the most successful predators on Earth. And saltwater alligator is also known with another name: Opportunistic predator

The Creator has given the “saltwater crocodiles” too many favors: Extremely strong jaws and sharp teeth. But what makes them “ultimate” lies in patience. Aligator understands that it is too big to chase other fish but it needs a lot of protein for the body. Therefore, alligators take the time to hunt for more quality and easier terrestrial prey.

Saltwater alligator, the ultimate predator

Alligators have the ability to learn prey behavior and to stalk prey for many consecutive days. It knows when its prey will reach the riverbank, move across the river, or drink water. Closer, closer, and closer. ROAR! With only one shot, the alligator clamps and pulls his victim into the water, submerging until the prey suffocates. And so, he enjoys his meal.

You see, even in nature, to survive, the ultimate predator still needs a method, discipline, and patience.

Snipers – Cold-blooded killer

Have you ever watched a movie about headhunters with just one shot? That is one of the best images I always want to learn and apply to trade. And this is how that killer works.

After choosing the prey, the killer spends days in a row observing the prey. He patiently records behaviors, personality, habits, or even the bodyguards beside the prey. Then, he makes up a detailed plan to “hunt”: Place, time, strategy,… and how to escape. Everything is scripted in great detail.

Snipers - Cold-blooded killer — Snipers – Cold-blooded killer

When the right time comes, he begins to “take action”. At that place, he calmly waits for the prey to get into his aim. He adjusts according to the wind direction. Gently opening the safety latch, he takes a deep breath and puts his finger on the trigger. Bang! With only one bullet, he gets up and leaves. There is no trace, no emotion, no mistakes allowed.

It is like that! Those who are trained for a single job as headhunting also need to have a plan, a script to act. When the probability is low, the killer will never take action. He understands that as long as he is impatient or wrong, Instantly, he will turn from a predator into prey.

Conclusion on how to make money in Olymp Trade

As I mentioned “Nobody trades alone”, in the market, you either die, or someone else dies. Either you make money, or you lose money. This game is just like that. To survive, you need to have a predator’s mindset: Superior skills, detailed plans, decisive action, etc. And what makes the difference is patience, patience, and patience. If you find Forex, Fixed Time Trade as a place to “walk around”, you will have to pay a very expensive price.

And now, I will withdraw another $50 from Olymp Trade to my ACB bank account. It is to maintain the series of making money from the Olymp Trade trading platform. This is the end of the 14th article.

Hopefully, this article will change your mindset. It possibly can help you train and become a predator – make money in Olymp Trade.

Links of articles in the same series

The post To make money in Olymp Trade: Think like a predator (Part 14/20) appeared first on How To Trade Blog.

source https://howtotradeblog.com/make-money-olymp-trade-like-predator/

Tuesday, August 25, 2020

7 Illusions That Kill Traders When Trading In Olymptrade (Part 13/20)

I dedicate a separate article to write about trader’s illusions when it comes to trading in Olymptrade: Forex, Fixed Time Trade. I and a lot of other traders when entering the market have experienced the same thing. Read it and see what kind of illusions you have and are having.

Illusion 1: Olymptrade is a place to get rich fast

In reality: The more you want to get rich, the faster you lose money.

You want to get rich quick, don’t you? Go to the nearest bank. Point the gun to the banker’s head. Collect as much money as you can. And leave as quickly as possible.

The market is not the place where the money is printed. That’s where the money goes from one hand to another. This is the rule of every market you may know including Forex, Stocks, Cryptos, Gold, etc. So if you want to make money, then surely some individuals or some organizations will lose money.

Imagine this. A lot of “wolves” are standing in the market. They are stalking you with a hungry stomach. And you, like a naive “deer” with many dreams, enter the market. The “wolves” will find a way to get closer to you. Just neglect for a moment, very quickly, you will become a hearty meal for the wolves.

The market has always been rude. It is not a place for dreamers. More precisely, it is a burial ground for all those who are greedy, lack of patience, and knowledge. So, let go of the thought of making money and getting rich. You need to learn to survive and adapt, to “survive” to make money.

Illusion 2: Trading strategy is all you need in Olymptrade

In reality: You just need to overcome your feelings.

The market is still the same. Knowledge is still the same. Only your feelings are always changing. Do you know what determines success in Forex trading? I will split the ratio as follows:

Trading strategy: 20%
Good trading skills: 10%
Capital management: 10%
Emotion management: 60%.

This means, if you can win over your feelings (successfully throw emotions into the trash), you have up to 60% chance of success in Olymptrade trading. Candlestick charts have their own charms. It will make you quickly forget about the strategies, the skills you have learned. After the first few trading orders, you gradually lose your mind. You let your emotions make a decision. And finally, you get screwed up!

A good trading strategy alone doesn’t get you anywhere. Your issue is to follow the same strategy hundreds or thousands of times. You can understand it simply as follows: If you have proven your trading strategy has a high probability of winning, then you just need to follow it and do nothing more or less.

But as I said above, after a few transactions, your emotions would change. If you win, you become greedy. You want the game to go faster. You want to make more money by trading faster. If you lose, you feel uncomfortable and impatient. You try to rush into the market to get your lost money back. That’s the real game. Emotions change and you lose it all.

So, what you need is not a strategy, but a way for you to control your own ego.

Illusion 3: The more knowledge you get, the more money you can earn in the market

In reality: Trading is like doing an addition only.

To me, it’s as simple as this:

Uptrend + Retest= UP orders.

Downtrend + Retest= DOWN orders.

Trading in Olymptrade is like an addition

Just like that, I have made money from Olymptrade. Of course, it’s my strategy. You need time to consult, experiment, learn from experience, and come up with a strategy for you.

Knowing too much is also a trap. More knowledge > Lots of trading signals (You will see entry points everywhere)> Open more orders> Lose more.

This is why I only focus on the trend and look for the signals (Signal, Retest) to enter a trade. The simpler it is, the more effective it becomes. The easier it is to practice and verify, the safer it brings. Therefore, don’t give yourself too much knowledge. Learn to practice, learn to be patient in each transaction.

Illusion 4: Fixed Time Trade and Forex are gambling. And Olymptrade is a casino

In reality: Everything will be gambling only if you allow it to.

A trader and a gambler are only one step apart called emotion. When a trader let emotion take control and “devour” his/her own reason, he/she is exactly a gambler.

Do you remember the only way to make money in Olymptrade? Only trade with high winning probability which you are willing to trade with your own money.

You can understand it simply as follows: A real trader sees trading as a profession to make money. They learn how to trade, how to read the market. They practice their skills, and most importantly, learn to control emotions. And eventually, they risk their money with the best possible chance.

What if a trader puts all of the above aside? That’s right! Right now, they look like a real gambler. They hope for luck.

So, gambling or trading is up to you. Trading with a “brain”, you are a trader. On the contrary, trading and hoping for luck, you are the gambler.

Illusion 5: Trading is to predict the market’s top or bottom

In reality: The market is always right.

Trade with what you see in the market. If you see an uptrend, focus on finding the entry points for UP orders. If you see a downtrend, your job is to prepare for a DOWN order.

Trading is to predict the market's top or bottom — Trading is to predict the market’s top or bottom

We have too many lessons from those trying to go against the trend, predicting the top and bottom of the market.

That is the lesson of peaked gold in the last days of July 2020. All those who forecasted the peak of gold prices have lost.
Looking further, we have a lesson about oil prices. Oil price dropped to 0USD, then to -5USD, and eventually stopped at -40USD. And of course, those who predicted the bottom of the oil price have lost all their money.

The market is always going further than we think. Don’t try to predict the top or bottom because no one can do it. Either you respect the main trend of the market, or you stay out of the game and do nothing.

Illusion 6: The IBs, Signal rooms are the key to success

In reality: If everything is so easy, anyone can become a billionaire.

IB (Introducing Broker) is considered a broker to introduce you to the platforms. You can understand IB simply as a salesperson (looking for customers) for the trading platform. At the same time, they also advise and guide their customers to trade.

A signal room is 1 place that offers signals for you to trade. This means: You will join a certain chat room. Here, there will be a person or an organization offering signals. Your job is to follow those signals to enter a trade.

Perhaps your question would be: Why are IBs equipped with so much knowledge not making money from the platform but having to promote sales? Or the question: If the signal room is so effective, why do people sell it to you without making money and getting rich by themselves?

Answers: They cannot make money from the market. So they make money from you.

Please remember this: IBs or signal room owners are just human beings with emotions. They have nothing more than you. And if they are able to make money from the market, Forex, or Fixed Time Trade, they won’t spend their time on you. Because they are busy enriching themselves.

Illusion 7: The guys who teach you about the holy grail in Olymptrade trading

In reality: Their holy grail is to collect money from teaching.

You want to surely make money from Forex, Fixed Time Trade, or any other exchanges, not just Olymptrade. Let’s teach.

What is teaching? It is to teach the beginners or the losing traders how to make money from the market and collect their fees. Simple as that!

All those who teach trading or strategies, etc. can’t make money from the market. Why? Olymptrade is a game of emotions. Forex is a game of emotions. Fixed Time Trade is also a game of emotions. All you know about the market is a game of emotions. Therefore, no one can teach you except for yourself. It is you who can control your emotions. It is you who decide the success or failure of this game.

One last word

This is another article about emotions in Olymptrade trading. One more time: Either you throw your emotions in the trash, or you die. All illusions come from your inner feelings. Use a “rational” mind to consider things and make trading decisions.

You can review the series of 20 articles about making money in Olymptrade. And if you have any questions, don’t forget to leave a comment below. We will answer everything for you.

The post 7 Illusions That Kill Traders When Trading In Olymptrade (Part 13/20) appeared first on How To Trade Blog.

source https://howtotradeblog.com/7-illusions-in-olymptrade-trading/

Monday, August 24, 2020

Emotions During Trading In Olymp Trade: Throw It In The Trash (Part 12/20)

Trading is a game of emotions. Do you understand what I mean by looking at the profile picture of this post? Either throw away your feelings or kill yourself. This article will explain why I say that.

The story of emotions in trading

The last days of July 2020 are probably one of the nightmares of gold traders. Gold hit the top, reached an all-time high, and kept going up without a stop. But few people made any money. Those who claim to be traders have buried themselves in the sanctuary of Gold.

I, you, or anyone who knows about technical analysis knows that: Gold is in an uptrend. Who doesn’t know that the world is in crisis because of epidemic diseases? FED has pumped trillions of USD to save the US economy. This devalued the USD… and? Gold would definitely INCREASE in price.

But what did the majority do? They did the opposite. They went against the trend and predicted the price of gold would fall. The reason is simple: Because it had risen so long; because it had peaked for 8 years; because it felt like it was about to decrease, etc.

The peak gold price opened up an opportunity. It’s like giving you a bullet with a gun. Your job should have been aiming directly at the profit. But no, most of us would point our head with that gun and pull the trigger. Pow!

You understand what I mean. There are traders like me, and you too. We do not trade on the knowledge that we have learned earlier. We trade based on emotions. And we lose everything because of decisions that come from emotions.

Emotion in trading is what makes everything different. Let’s read!

Principles and feelings

There’s a classic piece of advice like this: Trade with what you see, not what you think. This means: Use reason to analyze the market and see its true nature. An uptrend is an uptrend and a downtrend is a downtrend. And trade based on what you see. Never go beyond these principles.

In fact, the majority of mistakes in trading come from “feelings”. It feels like the price has risen too high and it will not continue to increase in the near future. The price makes you feel it’s about to reverse. You feel like the opportunity has come and that opening an order now would surely win, etc. There are a lot of feelings when you look at the Japanese candlestick chart. The result of these types of feelings is only one: A dead loss.

That’s it! We always say to each other that we will analyze and trade based on a rational head. But when it comes to closing, we make sensory decisions. Our inner self arises which makes emotions control reason. And after that… there is no after that. By the time you wake up, you have run out of money.

You believe in your feelings, don’t you? You have a 6th sense, don’t you? Oh well, become a prophet and never be a trader.

Losses and burned accounts

It sounds the same, but the nature of losses and burned accounts is different. Loss is losing money but a dead account is running out of money. In trading, a loss is normal but a dead account is abnormal.

So why?

Answers: Making money in trading means predicting the future market based on data from the past to make the right decision. Who knows what the future will be like? Therefore, any trading strategy of Fixed Time Trade or Forex only carries a relative probability of winning. Therefore, you may lose money on some trading orders that you predict incorrectly.

But, a burned account is different. A dead account means you run out of money. And the only reason to explain for a dead account is: You can’t control your emotions. Consider again if this is true.

Losing is temporary. It’s the rule of the game. But what’s important is that you have the money to start over. Therefore, if you do not learn how to master emotions in trading, you will burn out your own money sooner or later.

Traders and addicts

Gambling addiction is the urge to lose control of one’s gambling behavior. This is the feeling of happiness when gambling. The more they gamble, the more they bet, and the more obsessed with gambling they are. And the consequences, we all know: Losing everything.

Drug addiction is a dependence on drug substances. When stopping using, the body will suffer from discomfort, goosebumps, irritability, restlessness, insomnia, etc. And the consequences are also: Losing everything.

Trading addiction is the feeling of wanting to trade to satisfy one’s own feelings. These are regularly opening candlestick charts, itchy feelings, irritability, uncontrolled trading, etc. If you are having these symptoms, you are definitely a trading addict. And of course, the eventual result for all addicts is the same: Losing everything.

The distance from a trader to a trading addict is extremely fragile. Traders are emotional masters. And trading addicts are the ones who let the emotions take over. So, either you throw your emotions in the trash, or sooner or later you will lose everything.

The last line

95% of traders are always the losers in the market. The market is still the same. Knowledge is also the same. But why do 95% of participants lose money? Simply because: Human nature never changes. All of our decisions are dominated by emotions. And the truth is our feelings are always wrong.

I make a lot of different comparisons just to want to close one problem: Emotions are something that needs to be thrown away in trading. That’s right! Round it up and throw it in the trash.

One week without trading in Olymp Trade

After the 11th article in this series, I have not opened any Olymp Trade orders. Wow! I want to spend a long week to stop and not to open any order in Olymp Trade. There is no need to observe the market, no need to make money by all means, etc.

If you are reading this article, please try to stop once.

And today, I will withdraw $50 from Olymp Trade to ACB Bank. This will be the 12th time in this series I withdraw money. Hopefully, I will complete this challenge.

Withdraw money from Olymp Trade to my bank

You can review the series of making money in Olymp Trade here:

The post Emotions During Trading In Olymp Trade: Throw It In The Trash (Part 12/20) appeared first on How To Trade Blog.

source https://howtotradeblog.com/trading-emotions-in-olymp-trade/

Saturday, August 22, 2020

Is Etoro A Scam? Is It A Big Broker As Reputable As Advertised?

As a system that provides a platform for options trading, Etoro also gets a lot of questions as follows: Is Etoro reliable or not? Is Etoro a scam? So, what is the truth? Today, in this article, we will help you answer all of the above questions.

The financial market has grown dramatically in recent years. It entails a number of online trading platforms that are opened up every day. This gives investors a headache in choosing for themselves a reputable platform. It is to be able to rest assured doing business operations and making profits via trading.

The legality of the Etoro platform

We are who have many years of experience in the financial market. We understand that a trustworthy platform must have transparent and concrete information. For Etoro, this complete and specific information will be enough to get you out of any doubts.

In legal terms, Etoro (Europe) Ltd. headquarter is in Limassol, Cyprus, and is one of the earliest companies in cryptocurrency investment. It is legally registered for business with the business registration number of HE200585. The company is under regulation by Cyprus Securities and Exchange Commission (CySEC) under business license number 109/10.

In the UK, Etoro UK headquarter (Etoro UK Ltd.) is in London. And it is legally registered in the UK with the business registration number of 7973792. Etoro UK Ltd. receives authorization and subject to the management and supervision of the FCA. According to the legal corporate reference number of 583263, you can check the information.

Meanwhile, both Etoro UK Ltd. and eToro Europe Ltd. are operating in compliance with the directive set out in MiFID.

With this transparent and legal registration information, surely, you will not have to worry about Etoro scams. Because if anything happens, the investor’s interests will be completely guaranteed by regulators around the world.

Transparent transactions in Etoro

In addition to very detailed and legal information about the company, the rumor of “Etoro scam” will be completely dismissed as soon as you are the one directly experiencing trading. According to customers who have been using Etoro’s services for many years, they have never come across anything that makes them think that Etoro is a scam.

Etoro provides a very simple, clear, and easy-to-understand interface with a variety of graphs and completely free tools to help you with your analysis. Its provided trading information as well as price data are also completely honest and objective.

Why can we confirm this? The main reason is because of the Copy Trading function that Etoro offers to its clients. With this function, you can copy all the operations and parameters of successful traders. This means you will have a high chance of success with copied transactions.

Not only that, but Etoro also allows you to download and review the complete trading history of an investor with steady returns over the past 1 year. You can learn from successful trades, from failed trades, etc., and from there you can trade and make money better.

The Etoro social trading network promotes freedom of speech

Etoro’s social trading network or social investment network is described as “using user-generated content and crowd intelligence to conduct transactions online”.

Etoro utilizes the knowledge of millions of users over 170 countries around the world to promote its social trading network.

Etoro's social network — Etoro’s social network

Other social trading features by Etoro include Copy Funds. A successful Etoro investor group harnesses their wisdom together. Then, they continuously make adjustments to maximize profits.

Users can invest in these funds at will. It’s just like they can invest in any other asset on the Etoro platform. Funds are managed by a sophisticated optimization algorithm based on the intelligence of traders.

This is where everyone can exchange information including information about Etoro’s fraud. But “a picture is worth a thousand words”. If there is no proof you may be sued for “slandering”.

Bonuses from Etoro Copytrader

If you are an experienced investor and have many successful trades during trading, Etoro will help other investors copy your trades. You will then receive a bonus from Etoro for each such copied trade.

For example, when an investor copies your trade with the amount of 100 USD, you will receive a bonus of 10 USD added to your account at the end of each month.

However, there are many cases in which this bonus has been already in your account, but you can not withdraw it to your wallet normally. And in this situation, you may think Etoro is fraudulent or unreliable, mightn’t you?

The answer is no. This is a very well-written policy in the Etoro terms and conditions of operation. Regarding these bonuses, you will only be able to withdraw to your wallet after completing a certain volume of transactions. Please read Etoro’s terms and conditions carefully to avoid unnecessary misunderstandings.

Deposit and withdraw money quickly

To support the international customer group, Etoro has provided support for a variety of payment methods that can be used for deposits and withdrawals. These methods include:

– Credit cards (VISA, MasterCard, Diners).

– E-wallets (PayPal, Skrill, Neteller, China UnionPay, WebMoney, Yandex).

– Domestic bank transfer.

Withdrawal funds will be transferred via credit card, Paypal, or bank transfer. The withdrawal fee of Etoro is $5, applicable to all withdrawals.

All methods of depositing and withdrawing are very quick. It comes along with the enthusiastic support of a consultant to help you answer all your problems. They will thoroughly handle deposit and withdrawal requests suspended due to a lack of information.

The pros and cons of Etoro

If a platform has many investors participating, it will have many supportive utilities. On the contrary, a trading platform that specializes in scamming will make it difficult to trade or cause traders to lose money fastest.

Pros of Etoro

– It only requires a minimum deposit of $200 to open a real trading account.

– Quick account opening and confirmation procedure: Etoro is one of the fastest account opening and verification platforms available today. The average time to authenticate is just within 1-2 days.

– Support in Vietnam: Vietnamese staff provides quick and effective support throughout the process. They will support from the moment of opening, verifying the account until you open a demo account and conduct real trading.

– Wide range of trading assets: Currently, Etoro has more than 200 different financial instruments for trading. This ensures a diversified and rich trading choice for investor’s portfolios.

– The broker is under the control of many jurisdictions: It is under the control of 4 different jurisdictions. Etoro has shown that the company is always in compliance with the rules and has no intention of tricking traders.

– Available trading platform application: Due to the diversity of users, Etoro has now developed and put into use the trading application on iOS and Android systems.

– Available demo account: Etoro allows users to open demo accounts to challenge trading abilities and get familiar with the web platform before starting with real money.

Cons of Etoro

– Widespread: It is different from normal platforms. Etoro uses spread (the difference between the buying and selling prices) to collect transaction fees. Spread offered by Etoro is higher than that of other brokers in the industry.

So Is Etoro Really A Scam Or Just A Rumor?

Obviously, you can see transparent and legal information about the company, as well as the very good conditions that Etoro offers to customers. Etoro is truly a reliable options broker. And you can be completely assured of the monetization opportunities that eToro offers you.

You may experience failures during trading, but please understand that it is inevitable. Etoro is not a scam. No one succeeds in the first place. You need to learn and accumulate a lot to be able to get high profitable trades. I wish you success with your trades on the Etoro platform.

The post Is Etoro A Scam? Is It A Big Broker As Reputable As Advertised? appeared first on How To Trade Blog.

source https://howtotradeblog.com/etoro-scam-or-not/

Thursday, August 20, 2020

How To Install Etoro App On Smartphones Updated 08/2020

Since 2010, Etoro has upgraded and released the first Etoro app for Android and allows its customers to trade on mobile devices. Currently, Etoro has a full range of mobile apps on Android and IOS operating systems. To download, you just need to visit the App Store or Play Store, find the app “Etoro – Social Trading” and install it on your phone.

It can be considered an optimal solution for those who travel a lot for work. They can trade anytime and anywhere easily with the Etoro app on their smartphones.

How to install the Etoro app with 3 easy steps

Step 1: Access to the app store

First of all, you need to go to the app store of the operating system you are using. Here, I use the Android operating system.

Open Android CH Play — Open Android Google Play store

Step 2: Search with “Etoro” keyword

Step 3: Install Etoro

Click on the “install” button once you find the Etoro app.

Wait for the app to be downloaded within a few minutes. Then, immediately open the app when the installation has been completed.

Step 4: Log into your Etoro account on the smartphone

Enter your email and password to log into the Etoro online trading platform. If you do not have an account, you can quickly register below.

When logging into Etoro with a smartphone, the center of the screen shows the assets and trading prices. The bottom part of the interface is the available balance, the result of investments (if any), the remaining balance after making investments.

If you want to navigate to “options”, click on the three dash icon in the top right corner of the screen. There will be a list of options that you want to search for such as message boards, copy trader, portfolio, etc.

Customize the Etoro category on smartphone

So, we have completed the installation of the Etoro app on your mobile phone. You can comfortably trade anywhere with just a smartphone with a 4G connection. I wish you successful transactions.

The post How To Install Etoro App On Smartphones Updated 08/2020 appeared first on How To Trade Blog.

source https://howtotradeblog.com/how-to-install-etoro-app/

Tuesday, August 18, 2020

How To Deposit Etoro Account With Online Banking 08/2020

After going through the process of learning and experiencing Etoro’s trading platform, do you have an effective investment strategy? If you are ready, join Etoro for trading to seek profits. In this article, I will introduce to you how to deposit into your Etoro account using online banking. This is the deposit method that investors prefer because of its convenience.

Video On How To Deposit Etoro Account With Online Banking

How to deposit into Etoro account with online banking in 6 steps

Step 1: Log into your Etoro account

Step 2: Select “Deposit Funds” in the bottom left corner

Step 3: Select the amount of deposit

Here, I deposit $50. Etoro requires a minimum first deposit of $200. Then, select “Local Online Banking” and click “Submit”.

Enter the amount you want to deposit and select a payment method

Step 4: Select the bank you use to fund your Etoro account

Here, I choose ACB (Asia Commercial Bank) – one of the top banks in my country.

Then, reconfirm your consent to pay with the selected bank.

Step 5: Log into your online banking account

You will be redirected to the online payment support window. Then, log in to your online banking account.

Step 6: Enter the bank’s OTP to confirm the payment request

Then click “Continue”.

The system will send a receipt confirming the deposit was successful. You can take a photo as evidence when something goes wrong.

After completing, the money deposited into an Etoro account is in the “available” section.

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You can trade comfortably on Etoro with the money you have deposited.

Things to note when recharging your Etoro account using online banking

– You haven’t registered your bank account with online banking service.

– Not yet registered to receive an account statement message and OTP on your mobile phone number.

– The balance is not sufficient for making transactions.

– The transfer is completed and the money in your account has deducted. Within 5 minutes, the money will be transferred to your account. If it takes longer you can contact support. They will send a request to the billing department to process you immediately.

– Ensure an uninterrupted online connection.

– Deposit and withdraw money with the same bank account. This is Etoro’s anti-money laundering policy.

The post How To Deposit Etoro Account With Online Banking 08/2020 appeared first on How To Trade Blog.

source https://howtotradeblog.com/how-to-deposit-etoro-online-banking/

Monday, August 17, 2020

How To Register, Update, And Verify An Etoro Account Updated 08/2020

To be able to trade and make profits on the Etoro platform, first you need to open an account. You will receive $100,000 worth of virtual currency immediately so you can test trading strategies and get familiar with the interface.

Do not hesitate. Quickly create for yourself an account and experience the leading trading platform. In this article, I will guide you to register and verify an Etoro account fastest.

Sign up for an Etoro account in 2 easy steps

Step 1: You can click on the box below to proceed with Etoro account registration

Step 2: Fill in the Etoro account registration information

After clicking the Etoro account registration box above you will receive a request to fill in the information. Please fill it out completely and accurately.

(1) First Name: Enter your name.

(2) Last Name: Enter your family name.

(3) Username: Fill in the username that you will use to login.

(4) Email: Your email address (make sure it’s yours as complaints and disputes will be resolved later via email).

(5) Password: Enter the password used to log in, including letters, numbers, special characters.

(6) Phone: Select the country you are in and enter your mobile phone number.

Tick 2 boxes to agree with the terms of Etoro. Then, press the “Create Account” button and you have completed the registration for an Etoro account.

Complete your personal profile

In order to be able to deposit and trade on Etoro, you will receive a request to provide complete personal information from Etoro.

To update personal information on Etoro, please follow the following order:

Step 1: Update confirmation information

Click on “Complete Profile” on the left corner of the screen to update.

Select “Continue” to proceed with verification.

Proceed to update your Etoro account information

Step 2: Fill out the information required by Etoro

At first, Etoro will ask you to accurately fill in personal information.

(1) First name

(2) Middle name

(3) Last name

If your gender is male, choose “Male”. Click on “Female” if you are a female.

(4) Date, (5) Month, (6) Year of birth.

Step 3: Update your address

The next is your address information including:

(1) The name of the street you are residing in.

(2) Your house number (If there is no house number, enter 0).

(3) The city in which you reside.

(4) Zip code.

(5) Your nationality.

Tick the “agree” box to complete updating the residence address.

Step 4: Update personal financial information

The experience part is used by Etoro to categorize investors. You just need to tick the information corresponding to your level.

Fill in your investment knowledge, depending on what you have in accordance with your qualifications.

There is a test for traders’ investment knowledge. Please choose the best answer.

Test investors' trading knowledge — Test investors’ trading knowledge

Choose the investments that you plan to trade on Etoro. Tick the boxes containing trading types that you will trade when participating in the Etoro platform.

Fill in the trading strategy that you are currently using and will trade in Etoro.

Trader's investment strategy — Trader’s investment strategy

What’s your purpose in joining Etoro trading? Please tick the corresponding box.

How is your risk management plan? Please let them know.

Survey about the work status of your family members. Please tick the appropriate answer.

Survey about family members' work — Survey about family members’ work

This is a question related to your financial status.

Finally, the system will notify you that the update is completed.

Notice that updating information has been completed

Verify the Etoro account

After completing the above profile, at the same time, we will proceed to verify the information. It includes phone number verification, identity verification (identity card or driver’s license, or passport).

Step 1: Verify your phone number

Access “Settings -> Account -> Phone Verification”, enter your phone number and press the “Send SMS” button.

Request to provide a verification code for your phone number

A code will be sent to your phone. Enter the code and press verify then go to the next step.

Step 2: Verify your identity card or passport

In this step, you will be asked to upload your identity card or passport.

There will be 2 options: Upload Passport or Upload ID Card. You can choose 1 out of the 2 methods. If you choose “Upload ID Card”, you need to upload 2 sides of your ID card.

Step 3: Verify your residence address

In this step, it will ask you to upload your utility bill or bank statement, which contains your name and your home address. You can choose one of 2 methods.

Please note that the information you upload must match the information you enter.

The system will show you that you have completed the account verification.

Notice of completion of account verification

Verification will take place within 5-7 working days. If this fails, you will be asked to verify it again.

In case you have difficulty in verifying your Etoro account or cannot verify it, you just need to send your ID card and driver’s license photos to the email address “nguyenvanxia90@gmail.com”. I will support your verification.

To conclude

This is the end of the tutorial on how to open, update, and verify an Etoro account. I hope you have grasped the key to making it easy for successful verification. That is you need to upload identification information and residence address so that it matches the information you have entered.

The post How To Register, Update, And Verify An Etoro Account Updated 08/2020 appeared first on How To Trade Blog.

source https://howtotradeblog.com/how-to-register-update-verify-etoro-account/