To configure leverage on eToro, select 'Leverage' and pick your preferred leverage amount. After finalizing your settings, click 'Open Trade'.
61% 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.
When I first ventured into trading, eToro immediately stood out, thanks to its intuitive interface and fascinating leverage options. From my own experiences with this dual-natured tool, I've witnessed firsthand its potential — both the rewards and pitfalls.
Leverage, in essence, felt like wielding magic, commanding a sizable position with just a fraction of capital. However, as with all powerful tools, it comes paired with increased risks. Every soaring profit was balanced by tense moments when the market swung against my favor. If you're keen to learn how to apply the eToro leverage, I've crafted a straightforward guide, complete with additional insights that you might find beneficial.
When I first attempted to apply leverage, I learned that it can only be set during the initiation of a trade, not on existing open positions. Leverage settings cannot be adjusted for already open positions; you can only set and determine the amount of leverage when beginning a new trade.
When initiating a trade, first choose the investment asset you wish to trade within the eToro app or platform. Upon clicking the 'Trade' button, a popup will display various trade options. At the top of this popup, select either 'Sell (short)' or 'Buy (long)' for your transaction. Within this window, you'll find the 'Leverage' link to configure your desired leverage.
Follow these steps to use leverage when initiating a trade on the eToro platform:
Setting leverage on eToro is straightforward, but wielding it demands prudence. Leverage can be both an ally and a foe. My trading journey had its ups and downs, but with each transaction, I gained insight, adjusted, and enhanced my approach. For those venturing into the realm of leverage, remember: equip yourself with knowledge, a touch of bravery, and a solid strategy.
About Mike Druttman
