Tali Salomon, Etoro’s general director for Iberia and Latin America, assures that financial markets are no longer complicated and inaccessible.
The key has been in the appearance of the Internet and social networks, which “represent a democratization of investments,” says the expert, since they allow access to the market in a transparent and simple way.
In addition, they allow you to obtain information from other investors with greater knowledge of investments. That is, says Salomon, a collaborative network is being developed.
But despite this democratization of investment, we must never forget that markets have their risk, they are volatile and you can lose more than you have invested. Social trading allows an investor with no prior knowledge of the market to take advantage of other people’s experience, explains Salomon.
The Etoro expert points out that thanks to social trading, the operations of other investors and their strategies can be replicated. In this way, the new investor would spend his time only to understand the strategy of the most expert investors.
To do this, we must choose the right person who suits our investment style and expectations, advises Salomon. One of the most famous traders in the world, Alexander Elder, talks about three points to keep in mind when investing.
First: our emotions greatly influence our investments and, therefore, our results.
Second: suffering is greater when you lose than pleasure when you win.
Third: it is important to have control of feelings, especially that fear of losing.
