Your Questions About Successful Trading

Maria asks…

What if the thunder never traded their draft picks?

how successful would they be with this line up?

G: russell westbrook
G: james harden
F: kevin durant
F: jeff green
C: serge ibaka

would they be better or worse than they are now?

John answers:

There offense would be amazing but there defense would be a lot worse. Kendrick Perkins is a good defensive center and Thabo Sefoloshia can lock down stars in the nba.
I prefer there line up now then that one. Especially with kevin martin coming off the bench.

Richard asks…

How Much Profit Can be made using copy trading on etoro ?

How Much Profit is to be made using copy trading on etoro ?

if i was to copy trade someone and offer say $50 usd for copy trading. can someone give me any examples of how much profit i would have roughly at the end of the buisness week (Mon-friday)

i know it depends on some % factors ect.
can anyone help me?

John answers:

Hi there,

I absolutely understand why you would want to calculate your copied gains in advance, however you can’t really know for sure as it depends on too many factors.

First of all, the financial markets are risky and unpredictable and there is no such thing as a guaranteed profit.

Secondly, even the best traders can’t maintain exactly the same level of gains week by week, it all depends on the opportunities the market offers at a specific point in time. Sometimes they’ll have large gains, sometimes small ones and sometimes they’ll have to absorb losses.

Thirdly different traders have different trading styles – some take more risks, which means bigger gains but sometimes also bigger losses, and some play it safe which usually means smaller gains but also less chance of losses.

It also depends on how many trades they open per day, if they’re scalping or making long term investments, what their profit goals are for each trade etc.

Having said that, here are some figures that’ll help you calculate the gains you can expect when copying a successful trader with good money management and low risk:

1) The average trade of such a trader would take up 3-4% of their total account.

2) They would use low to medium leverage, let’s say x25-50 on average.

3) Their average take profit would be 30%

4) They would open approximately 20 trades per week.

Keeping in mind that these are just estimated figures, not based on anyone in particular, we can calculate that if you allot $50 to copy this imaginary trader you would invest on average $1.5 per trade, with a x50 leverage that makes 75 currency units, and a 30% profit amounts to 0.45 cents. With 20 trades per week that comes out to $9 for the first week. Calculate some losses into that and you’ll get around $8. The next week you have to make the same calculation starting with $58 as your copy amount.

Again, these figures are purely theoretical. What I would suggest, to get a more substantiated estimate, is to open an eToro demo account and try copying with just $50 of your virtual money. This way you don’t risk any real money and you can see how much profit you’re making per week.

Personally, I recommend copying @caraj51, @aussimoney, and @robysms61. I’ve been copying these social gurus for a while and although they all have very different trading styles, all three are extremely consistent which is the most important thing you should look for in a potential trader to copy. You can of course copy up to 20 traders which you can find using our people page and the Guru Finder tool: http://etoro.tw/13TDZDH.

I hope this helps and I wish you happy trading!
Abby, eToro Team

Robert asks…

How is imperialism successful in Heart of Darkness?

I know… imperialism was an epic fail in HoD, however I need a counter argument for my research paper. The only thing that I can come up with is that the Europeans benefitted through their trade of ivory, but its not related to my thesis. How can imperialism be seen as a good thing for the Natives?

My essay is on the hypocrisy of imperialism and the damaging effects it has on the Natives.

John answers:

I don’t know if this is exactly what you’re looking for, but… Historically, the main argument in favor of imperialism (given by the imperialists of course) was civilizing the natives. Generally the first way of doing this was by bringing them religion–I don’t recall that being a major issue in HoD. Another facet of it is bringing them technology. One could argue that the Europeans did in fact bring technology to the Natives in HoD — I remember something about railroads at the very beginning. If you were to include that as a counter argument in your paper you can then go on to refute it by pointing out that in many ways the technology brought to the Natives was also used to suppress and exploit the Natives.

Sorry I couldn’t give you something more specific, I haven’t read the book in almost 2 years…

James asks…

What will the Sonics have to do to be successful next season?

Who should they draft?
Who should they trade?
Should they sign Lewis?
Should they keep Bob Hill?

John answers:

Draft=Kevin Durant
Trade=Robert Swift
Sign Sweet Lew=Yes. Without him the sonics have to rely on Ray Allen all the time. So if he gets injured Lewis can step up.

Keep hill= noo. I despise him so much i didnt even capitalize his name

Sandra asks…

What is the effect of a trade surplus? What is the effect of a trade deficit?

What is the importance of trade agreements? How is international trade related to the U.S. standard of living as opposed to a small industrial nation or a developing nation?

John answers:

A trade surplus creates a river of money flowing into the country. A trade deficit causes a river of money flowing out of the country. It is not difficult to imagine what effect this has on an economy. Canada, Germany, Norway, and Sweden are major exporters (trade surplus), and they are known for their high standard of living and their generous social programs.

Greece, Mexico, Pakistan, and Turkey have a chronic trade deficit. These economies are NOT noted for their high standard of living. And Greece just recently caused a debt crisis, because it ran out of money to borrow. This is a direct result of a trade deficit, because money flowing out of your country creates chronic debt.

Http://www.tradingeconomics.com/Economics/Balance-Of-Trade.aspx?Symbol=NOK

The USA became a prosperous nation 100 years ago because we were the king of globalization.

What is happening today? Jobs leaving the USA, entire factories are shutting down and moving to foreign countries.

100 years ago, entire factories were moving to the USA. That’s what caused that huge wave of immigration, because the factory owners often brought all their workers with them, paying their way in steerage on a steamer ship.

Why?

Tariffs. Tariffs on imports were the main source of revenues for the federal government. Income tax was unconstitutional until 1913, when Congress passed the Sixteenth Amendment. So tariffs were paying for most of the federal budget before then.

Tariffs raised the prices of imported goods, and it was harder for foreign factories to compete. So they moved their factories here, to avoid paying the tariff.

Tariffs were the successful way of managing globalization, and it turned the global economy in our favor. We became an indudstrial superpower exporter in 1880, and we became a creditor nation in 1914, because of 100 years of tariffs.

Tariffs also eliminated slavery. Look up the Tariff of 1828. Slave states hated tariffs. Slavery was holding us back, we had to abolish slavery before we became prosperous.

We ended tariffs in 1913 and replaced them with income tax, because exporters should not have tariffs. Once you reach that level of prosperity, you become vulnerable to retaliation from your customer nations. That’s why the Smoot-Hawley tariff backfired in 1930. We were still an exporter, and other nations retaliated.

But that all ended when we lost our trade surplus in 1980, and we became a debtor nation again in 1988.

It was time to go back to tariffs during the 1980’s. But the wealthy Wall Street Journal types were salivating over the idea of opening sweatshops in emerging Asian nations, so they raised the bogeyman of Smoot-Hawley to scare us away from tariffs.

The result has been an economy spiraling out of control. Our trade deficit is now equal to our total exports, which is more than ever in our entire history. We send out a trillion dollars a year on our trade deficit, which adds a trillion dollars of debt to our current account balance every year. The national personal savings rate was 4% in 1930, and it peaked at 10% in 1980. Today it is negative.

Our economy is now in crisis, unemployment is hovering around 10%, and our government is racking up staggering debts, from wars and stimulus giveaways that will never be paid back by the recipients. That means higher taxes in the future, which will only push us down deeper into the pit.

Free trade is making us a beggar nation.

Tariffs made us a prosperous nation.

It doesn’t take a rocket scientist to figure out what we’re doing wrong.
Source(s):
World Almanac 2009
Tariff of 1789, 1790, 1792, 1816, 1824, 1828, 1832, 1833, 1842, 1857, 1883
Revenue Act of 1894, 1913
Sixteenth Amendment to the U.S. Constitution

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