{"id":30744,"date":"2017-09-12T14:53:16","date_gmt":"2017-09-12T11:53:16","guid":{"rendered":"http:\/\/www.etoro.com\/leverage-margin\/"},"modified":"2025-11-11T09:59:47","modified_gmt":"2025-11-11T07:59:47","slug":"leverage-margin","status":"publish","type":"page","link":"https:\/\/www.etoro.com\/ro\/trading\/leverage-margin\/","title":{"rendered":"Ce sunt levierul \u0219i marja?"},"content":{"rendered":"\n<p class=\"is-style-summary\">Diferen\u021ba dintre un investitor \u00eencep\u0103tor \u0219i unul experimentat este dat\u0103 de c\u00e2\u021biva factori cheie. Un pas important pentru a deveni un investitor avansat este acela de a cunoa\u0219te elementele mai complexe din tranzac\u021bionare, cum ar fi efectul de levier \u0219i marja de tranzac\u021bionare.<br><br>La \u00eenceput, ace\u0219ti termeni ar putea p\u0103rea complica\u021bi, \u00eens\u0103 odat\u0103 ce vei \u00een\u021belege cum func\u021bioneaz\u0103, vor avea un efect benefic asupra investi\u021biilor tale. Descoper\u0103 ce este efectul de levier, cum se utilizeaz\u0103 marja \u0219i analizeaz\u0103 c\u00e2teva exemple reale.<\/p>\n\n\n\n<hr class=\"wp-block-separator wp-block-separator-color-dark-grey wp-block-separator-spaces-medium wp-block-separator-weight-1 has-alpha-channel-opacity\"\/>\n\n\n\n<p>Tranzac\u021bionarea cu efect de levier \u0219i \u00een marj\u0103 ar putea fi op\u021biuni bune pentru cei care doresc s\u0103-\u0219i creasc\u0103 raportul risc\/recompens\u0103. Ambele procese se refer\u0103 la capacitatea de a deschide<strong> o pozi\u021bie de tranzac\u021bionare mare cu un capital mic<\/strong>.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Practic, at\u00e2t tranzac\u021bionarea cu efect de levier, c\u00e2t \u0219i tranzac\u021bionarea \u00een marj\u0103 implic\u0103 \u00eemprumutarea de bani de la brokerul<strong> <\/strong>t\u0103u pentru<strong> a cre\u0219te dimensiunea pozi\u021biei tale<\/strong>.<\/p>\n\n\n\n<p>Dac\u0103 iei deciziile corecte, profiturile ar putea ar\u0103ta<strong> rezultatele a\u0219teptate<\/strong>, mai mult dec\u00e2t ar fi fost dac\u0103 ai fi cump\u0103rat ceva \u00een mod direct. De asemenea, dac\u0103 iei o decizie gre\u0219it\u0103, pierderile sunt amplificate.<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong><strong>Sfat<\/strong>: <\/strong>Tranzac\u021bionarea cu efect de levier te poate scoate din zona de confort. Studiile privind psihologia tranzac\u021bion\u0103rii arat\u0103 c\u0103 oamenii abordeaz\u0103 \u00een mod diferit profiturile \u0219i pierderile din tranzac\u021bionare, ceea ce le distorsioneaz\u0103 procesul decizional.<\/p>\n<\/div><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-1-What-is-Leverage_.png\" alt=\"\" class=\"wp-image-605184 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-1-What-is-Leverage_.png 756w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-1-What-is-Leverage_-300x159.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Ce este efectul de levier?<\/h2>\n\n\n\n<p>Efectul de levier este o strategie de investi\u021bii care optimizeaz\u0103 poten\u021bialul de c\u00e2\u0219tig. Pe scurt, efectul de levier \u00ee\u021bi permite s\u0103 iei <strong>o sum\u0103 mic\u0103 de bani \u0219i s\u0103-i cre\u0219ti valoarea pe pie\u021bele de investi\u021bii<\/strong>.<\/p>\n\n\n\n<p>C\u00e2nd spunem despre o companie c\u0103 este &#8220;puternic \u00eendatorat\u0103&#8221; (highly leveraged), \u00eenseamn\u0103 c\u0103 <strong>raportul dintre capitalul \u00eemprumutat \u0219i capitalul propriu este supraunitar<\/strong>. Efectul de levier financiar exprim\u0103 influen\u021ba, pe care cre\u0219terea gradului de \u00eendatorare a unei companii, o are asupra rentabilit\u0103\u021bii capitalurilor proprii.<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong><strong>Sfat<\/strong>:<\/strong> Efectul de levier se poate aplica at\u00e2t pentru pozi\u021bii de cump\u0103rare (LONG), c\u00e2t \u0219i pentru pozi\u021bii de v\u00e2nzare (SHORT), \u021bin\u00e2nd cont<strong> <\/strong>c\u0103<strong> <\/strong>pierderile vor fi multiplicate \u00een aceea\u0219i m\u0103sur\u0103 ca profiturile.<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Ce este marja?<\/h2>\n\n\n\n<p>Marja este <strong>partea efectiv\u0103 de numerar necesar\u0103 deschiderii unei pozi\u021bii<\/strong>. Altfel spus, este un depozit de garan\u021bie pus deoparte din contul t\u0103u ca un provizion \u00eempotriva pierderii \u0219i a necesit\u0103\u021bii de a rambursa fondurile \u00eemprumutate.<\/p>\n\n\n\n<p>Ne putem g\u00e2ndi la marj\u0103 ca la<strong> numerarul transferat c\u0103tre un nou cont de brokeraj. <\/strong>Depozitul pe care \u00eel plasezi brokerului este ceea ce \u00eei ofer\u0103 \u00eencrederea necesar\u0103 pentru a-\u021bi permite s\u0103 tranzac\u021bionezi folosind efectul de levier, acesta put\u00e2nd fi utilizat pentru a acoperi pierderile de tranzac\u021bionare din contul t\u0103u.<\/p>\n\n\n\n<p>Calcularea marjei se complic\u0103 atunci c\u00e2nd de\u021bii \u0219i active precum<a href=\"https:\/\/www.etoro.com\/discover\/markets\/stocks\"> ac\u021biuni<\/a>, obliga\u021biuni \u0219i valut\u0103, \u0219i c\u00e2nd ai<strong> profituri sau pierderi pe pozi\u021bii deschise<\/strong>. Brokerul ar putea considera acele pozi\u021bii ca forme de garan\u021bie \u0219i s\u0103 le \u00eencorporeze \u00een formulele pe care le folose\u0219te pentru a determina nivelul general al marjei.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cum func\u021bioneaz\u0103 tranzac\u021bionarea cu levier?<\/h2>\n\n\n\n<p>\u00cen trading, <a href=\"https:\/\/www.financialmarket.ro\/financial-quiz-dictionar-de-trading\/\" target=\"_blank\" rel=\"noreferrer noopener\">efectul de levier<\/a> este un instrument care permite investitorilor s\u0103 \u00ee\u0219i multiplice<strong> capacitatea de a specula sau a investi,<\/strong> f\u0103r\u0103 a recurge la fonduri proprii mai mari. Printre cele mai importante avantaje ale efectului de levier sunt:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list wp-block-list-circle\">\n<li>maximizarea<strong> <\/strong>capitalului<strong> <\/strong>investit prin faptul c\u0103 <strong>se pot tranzac\u021biona pozi\u021bii mari investind doar o frac\u021biune din valoarea tranzac\u021biei&nbsp;<\/strong><\/li>\n\n\n\n<li>se pot deschide <strong>pozi\u021bii mult mai mari dec\u00e2t \u00een tranzac\u021biile fizice<\/strong>&nbsp;<\/li>\n\n\n\n<li>profitul, dar \u0219i pierderea pot fi <strong>mai mari dec\u00e2t \u00een tranzac\u021biile obi\u0219nuite<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/RO-Image-placeholder-1.png\" alt=\"\" class=\"wp-image-834657 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/RO-Image-placeholder-1.png 756w, https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/RO-Image-placeholder-1-300x159.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<p>Pentru a tranzac\u021biona \u00een marj\u0103, trebuie<strong> <\/strong>s\u0103 investe\u0219ti un anumit<strong> procent din valoarea de achizi\u021bie<\/strong>, restul fiind acoperit de capitalul pe care l-ai \u00eemprumutat de la brokerul t\u0103u. Astfel, dac\u0103 raportul de levier este de 50:1, \u00eenseamn\u0103 c\u0103 trebuie s\u0103 pui 50% din valoarea total\u0103 a ordinului, folosind propriile fonduri.<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong><strong>Sfat<\/strong>: <\/strong>Investitorii care de\u021bin pozi\u021bii pe termen lung pot considera c\u0103 este mai rentabil s\u0103 cumpere direct, \u00een loc s\u0103 utilizeze efectul de levier \u0219i s\u0103 suporte comisioane de finan\u021bare zilnic\u0103.<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Exemple de tranzac\u021bion\u0103ri cu levier<\/h2>\n\n\n\n<p>Pentru a \u00een\u021belege mai bine <strong>conceptul de tranzac\u021bionare cu levier, <\/strong>merit\u0103 s\u0103 analiz\u0103m c\u00e2teva exemple. Imagineaz\u0103-\u021bi c\u0103 e\u0219ti \u00eencrez\u0103tor c\u0103 pre\u021bul ac\u021biunilor<a href=\"https:\/\/www.etoro.com\/markets\/tsla\"> Tesla Motors (TSLA)<\/a> va cre\u0219te. Ai 100 USD pentru a tranzac\u021biona, dar dore\u0219ti s\u0103-\u021bi m\u0103re\u0219ti randamentul poten\u021bial.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-2-What-is-Margin_.png\" alt=\"\" class=\"wp-image-605298 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-2-What-is-Margin_.png 756w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-2-What-is-Margin_-300x159.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<p><mark>Dac\u0103 brokerul ofer\u0103 un levier de 1:5, ai putea gestiona o pozi\u021bie de p\u00e2n\u0103 la 500 USD, cu o marj\u0103 de 100 USD. Dac\u0103 pre\u021bul ac\u021biunilor \u0219i-a dublat valoarea, pozi\u021bia ta ar valora 1.000 USD \u00een loc de 200 USD.<\/mark> <\/p>\n\n\n\n<p>Dac\u0103 <strong>efectul de levier maxim oferit<\/strong> ar fi fost 1:10, un depozit de 100 USD \u021bi-ar permite s\u0103-\u021bi asumi o expunere de 1000 USD. Totu\u0219i, dac\u0103 ai dispune de 1000 USD \u0219i ai vrea s\u0103 tranzac\u021bionezi ac\u021biunile Apple (<a href=\"https:\/\/www.etoro.com\/markets\/aapl\">AAPL<\/a>) folosind levierul, tabelul urm\u0103tor ilustreaz\u0103 dimensiunea poten\u021bial\u0103 a pozi\u021biei tale, depinz\u00e2nd de rata de levier utilizat\u0103.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"wp-block-table-content\"><div class=\"wp-block-table-content-nav wp-block-table-content-nav-left\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-left\"><\/div><\/div><div class=\"wp-block-table-content-nav wp-block-table-content-nav-right\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-right\"><\/div><\/div><div class=\"wp-block-table-content-table\"><table><thead><tr><th><strong>Fonduri disponibile<\/strong><\/th><th><strong>Levier<\/strong><\/th><th><strong>Valoarea tranzac\u021biei<\/strong><\/th><th><strong>Modificarea de pre\u021b<\/strong><\/th><th><strong>Noua valoare a tranzac\u021biei<\/strong><\/th><th><strong>Fonduri dup\u0103 modificarea de pre\u021b<\/strong><\/th><\/tr><\/thead><tbody><tr><td>$1000 <\/td><td>1:2<\/td><td>$2000 <\/td><td>10%<br><br>-10%<\/td><td>$2200 <br><br>$1800 <\/td><td>$1200 <br><br>$800 <\/td><\/tr><tr><td>$1000 <\/td><td>1:5<\/td><td>$5000 <\/td><td>10%<br><br>-10%<\/td><td>$5500 <br><br>$4500 <\/td><td>$1500 <br><br>$500 <\/td><\/tr><tr><td>$1000<\/td><td>1:10<\/td><td>$10000 <\/td><td>10%<br><br>-10%<\/td><td>$11000 <br><br>$9000 <\/td><td>$2000 <br><br>$0 <\/td><\/tr><\/tbody><\/table><\/div><\/div><\/figure>\n\n\n\n<p>\u00centruc\u00e2t \u00eemprumu\u021bi de la broker pentru a plasa o pozi\u021bie mai mare, trebuie s\u0103 iei \u00een considerare <strong>comisioanele de finan\u021bare overnight<\/strong>. Acestea sunt taxe de dob\u00e2nd\u0103 aplicate zilnic contului t\u0103u. Cu c\u00e2t pozi\u021bia este mai mare, cu at\u00e2t mai mare este comisionul.<\/p>\n\n\n\n<div class=\"wp-block-etoro-emphasis wp-block-etoro-emphasis-border-green\">\n<p>Efectul de levier este o sabie cu dou\u0103 t\u0103i\u0219uri, care poate func\u021biona pentru sau \u00eempotriva ta.<\/p>\n<\/div>\n\n\n\n<p><strong>Tranzac\u021bionarea cu efect de levier pe eToro<\/strong> se face prin intermediul<strong> <\/strong><a href=\"https:\/\/www.etoro.com\/ro\/trading\/cfd\/\"><strong>CFD-urilor<\/strong><\/a>; costurile asociate cu aceasta sunt <a href=\"https:\/\/help.etoro.com\/s\/article\/what-is-a-spread?language=en_GB\">spread-urile<\/a> \u0219i <a href=\"https:\/\/help.etoro.com\/s\/article\/what-are-overnight-fees?language=en_GB\">comisioanele overnight<\/a>. Po\u021bi g\u0103si informa\u021bii mai detaliate <a href=\"https:\/\/www.etoro.com\/ro\/trading\/fees\/\">aici<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-3-Examples-of-Leverage-in-Trading.png\" alt=\"\" class=\"wp-image-605319 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-3-Examples-of-Leverage-in-Trading.png 756w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/05\/Body-Image-3-Examples-of-Leverage-in-Trading-300x159.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Rezumat<\/h2>\n\n\n\n<p>Tranzac\u021bionarea cu efect de levier necesit\u0103 o planificare atent\u0103 \u0219i are un poten\u021bial ridicat de risc-recompens\u0103. Principala deosebire a acestui tip de tranzac\u021bionare este c\u0103 <strong>at\u00e2t profiturile, c\u00e2t \u0219i pierderile vor fi m\u0103rite<\/strong>, de\u0219i este imposibil s\u0103 pierzi mai mult dec\u00e2t investe\u0219ti.<\/p>\n\n\n\n<p>Cu toate acestea, dac\u0103 aloci suficiente resurse pentru o documentare temeinic\u0103 \u00een prealabil, po\u021bi \u00eencepe s\u0103 \u00ee\u021bi construie\u0219ti o \u00een\u021belegere solid\u0103 a modului \u00een care func\u021bioneaz\u0103<strong> tranzac\u021bionarea \u00een marj\u0103<\/strong>.<\/p>\n\n\n\n<p>Afl\u0103 mai multe despre efectul de levier \u0219i alte aspecte ale tranzac\u021bion\u0103rii, acces\u00e2nd <a href=\"https:\/\/www.etoro.com\/ro\/academy\/\">Academia eToro<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u00centreb\u0103ri frecvente<\/h2>\n\n\n\n<dl class=\"wp-block-etoro-faq\">\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">Care este diferen\u021ba dintre tranzac\u021bionarea \u00een marj\u0103 \u0219i contractele futures?<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>Po\u021bi utiliza tranzac\u021bionarea \u00een marj\u0103 pentru a tranzac\u021biona contracte futures. Acestea sunt contracte financiare prin care un cump\u0103r\u0103tor \u0219i un v\u00e2nz\u0103tor sunt de acord s\u0103 tranzac\u021bioneze un activ la un pre\u021b fix la o dat\u0103 prestabilit\u0103. Contractele futures pot fi cump\u0103rate \u0219i v\u00e2ndute direct sau pot fi tranzac\u021bionate folosind instrumente derivate prin intermediul contractelor pentru diferen\u021b\u0103 (<a href=\"https:\/\/www.etoro.com\/ro\/trading\/cfd\/\">CFD<\/a>).<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">Cum po\u021bi evita un apel \u00een marj\u0103?<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>Dac\u0103 nu tranzac\u021bionezi CFD-uri, nu vei avea niciodat\u0103 un <a href=\"https:\/\/help.etoro.com\/s\/article\/what-is-a-margin-call?language=ro\">apel \u00een marj\u0103<\/a>. Dac\u0103 tranzac\u021bionezi CFD-uri, re\u021bine c\u0103 chiar \u0219i tranzac\u021biile f\u0103r\u0103 efect de levier pot declan\u0219a un apel \u00een marj\u0103. Cu toate acestea, pentru a reduce probabilitatea de a primi unul, ai putea concepe o strategie de investi\u021bii cu risc sc\u0103zut. Alternativ, te po\u021bi preg\u0103ti pentru volatilitatea pie\u021bei prin finan\u021barea contului cu numerar suplimentar care poate ac\u021biona ca un tampon de protec\u021bie \u00eempotriva sc\u0103derii bru\u0219te a pre\u021bului.<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">Cum po\u021bi evita un apel \u00een marj\u0103?<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>Dac\u0103 nu tranzac\u021bionezi cu efect de levier, nu vei avea niciodat\u0103 un apel \u00een marj\u0103. Dac\u0103 tranzac\u021bionezi cu efect de levier \u0219i dore\u0219ti s\u0103 evi\u021bi un apel \u00een marj\u0103, atunci ai putea crea o strategie care s\u0103 aib\u0103 un risc sc\u0103zut \u0219i o expunere redus\u0103, \u00een raport cu nivelul marjei tale. Alternativ, ia \u00een considerare posibilitatea de a-\u021bi <a href=\"https:\/\/www.etoro.com\/ro\/customer-service\/deposit-faq\/\">finan\u021ba contul<\/a> cu numerar suplimentar.<\/p>\n<\/dd><\/div>\n<\/dl>\n\n\n\n<p><\/p>\n\n\n\n\t\t<style>\n\t\t\t.rtl .etoro-block-shortcode-disclaimer {\n\t\t\t\ttext-align:right;\n\t\t\t}\n\t\t\t.etoro-block-shortcode-disclaimer {\n\t\t\t\tmargin-bottom:18px;\n\t\t\t\ttext-align:left;\n\t\t\t}\n\t\t\t.etoro-block-shortcode-disclaimer p{\n\t\t\t\tfont-size: 12px;\n\t\t\t\tline-height: 18px;\n\t\t\t}\n\t\t\t@media (min-width: 768px) {\n\t\t\t\t.etoro-block-shortcode-disclaimer {\n\t\t\t\t\tmax-width:1176px;\n\t\t\t\t\ttext-align:center;\n\t\t\t\t}\n\t\t\t\t.etoro-block-shortcode-disclaimer p {\n\t\t\t\t\tfont-size: 14px;\n\t\t\t\t\tline-height: 20px;\n\t\t\t\t}\n\t\t\t}\n\t\t<\/style>\n\t\t<div class='etoro-block-shortcode-disclaimer'><p>Informa\u021biile din acest ghid au exclusiv scop educativ \u0219i nu ar trebui considerate drept sfaturi pentru investi\u021bii sau recomand\u0103ri personale, nici oferte sau solicit\u0103ri de cump\u0103rare sau v\u00e2nzare a oric\u0103ror instrumente financiare.<\/p>\n<p>Acest material a fost preg\u0103tit f\u0103r\u0103 a lua \u00een considerare orice fel de obiective particulare de investi\u021bii sau situa\u021bii financiare \u0219i nu a fost creat \u00een conformitate cu cerin\u021bele legale \u0219i de reglementare a promov\u0103rii cercet\u0103rii independente.<\/p>\n<p><strong>Nu toate instrumentele \u0219i serviciile financiare men\u021bionate sunt oferite de eToro<\/strong> \u0219i orice referiri la performan\u021ba anterioar\u0103 a unui instrument financiar, index sau pachet de investi\u021bii, nu sunt \u0219i nu ar trebui considerare un indicator fiabil al rezultatelor viitoare. <strong>Disponibilitatea tuturor produselor \u0219i serviciilor men\u021bionate mai sus poate varia \u00een func\u021bie de jurisdic\u021bie \u0219i \u021bar\u0103.<\/strong><\/p>\n<p>eToro nu face nicio declara\u021bie \u0219i nu \u00ee\u0219i asum\u0103 nicio responsabilitate cu privire la acurate\u021bea sau caracterul complet al con\u021binutului acestui ghid. Asigur\u0103-te c\u0103 \u00een\u021belegi riscurile implicate \u00een tranzac\u021bionare \u00eenainte de a implica capital. Nu risca niciodat\u0103 mai mult dec\u00e2t e\u0219ti preg\u0103tit s\u0103 pierzi.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Diferen\u021ba dintre un investitor \u00eencep\u0103tor \u0219i unul experimentat este dat\u0103 de c\u00e2\u021biva factori cheie. Un pas important pentru a deveni un investitor avansat este acela de a cunoa\u0219te elementele mai complexe din tranzac\u021bionare, cum ar fi efectul de levier \u0219i marja de tranzac\u021bionare. La \u00eenceput, ace\u0219ti termeni ar putea p\u0103rea complica\u021bi, \u00eens\u0103 odat\u0103 ce vei&hellip;<\/p>\n","protected":false},"author":45,"featured_media":1166006,"parent":31826,"menu_order":1654,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"sticky_cta_settings":"","footnotes":""},"asset_type":[6601],"class_list":["post-30744","page","type-page","status-publish","has-post-thumbnail","hentry","asset_type-is-cfd"],"acf":[],"yoast_head":"<title>Ce sunt levierul \u0219i tranzac\u021bionarea \u00een marj\u0103?<\/title>\n<meta name=\"description\" content=\"Cum func\u021bioneaz\u0103 efectul de levier \u0219i marja? 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