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The Forex trading industry
With a daily turnover of over $3.2 trillion, as estimated by The Bank of International
Settlement, the Forex market has quickly become the world`s biggest and most liquid
financial market. Nevertheless, it is a market that has up until now allowed very
narrow access to private traders, since it customarily uses terminology and procedures
that can take years to grasp.
About eToro
eToro has developed a cutting edge Forex trading software, catering to novice and
veteran traders alike by way of a user friendly trading interface, and various additional
features that render the vast world of Forex trading accessible to new traders.
eToro`s easy to use platform makes foreign exchange trading almost entirely intuitive,
through its extensive use of trade visualization. eToro`s platform is also designed
to make Forex trading a community oriented experience, with such features as private
and public chats, forums and championships.
eToro`s provision of an opportunity to acquire trading experience by trading for
virtual money, makes this platform hugely attractive to beginner traders, since
it enables them to get their chops without risking any of their money. This way,
novices can get a fundamental understanding of the world of Forex, before they dive
in. Furthermore, eToro makes the learning experience a smooth and painless one,
by replacing the complex charts and lingo that the Forex market is famous for, with
step by step instructions, tutorials, professional support and creative graphic
representations of trading activity.
eToro`s forward thinking approach combines all the advantages of the Forex market,
namely its scale, its liquidity and its extent of opportunity, with all the advantages
of online technology, in order to create a user friendly access to an enormous and
complex industry.
Overall, eToro has produced the ultimate trading environment, where one can learn,
develop, communicate, and grow according to one`s individual needs.
eToro`s Features:
eToro has designed a cornucopia of features that make trading, monitoring, communicating
and staying informed simpler than ever. These features include:
Visual representations: Trades are depicted through various creative representations,
so you can monitor your activity with ease.
Practice mode: Polish your skills by trading with virtual money for live
rates, before putting them to the test.
Competitions: Compete against fellow traders for cash prizes and Forex glory
- with no entry fees.
Chat: Whether it`s Forex or romance, discuss it all with your trader friends
in public or private chats.
Trade: Enjoy real time execution with all your trades.
Low Spreads: Save a fortune on eToros super low spreads - as low as 2 pips spread.
Download
eToro for FREE now to experience the world of Forex trading to the fullest.
Funny video:
The financial world is now going through some turbulent
times. The global economic crisis has affected markets and economies worldwide and
has rendered the financial markets unstable. The crisis has deepened recently due
to negative investor sentiment. In these critical conditions most investors are
pulling their money out of the falling stock markets and looking for available alternatives
for investment.
Many investors have found this alternative in the forex
market. Unlike other financial markets the forex market literally cannot crash.
This is due to the fact that in the forex market one invests in a currency's value
relatively to another currency. One is always buying and selling at the same time.
Therefore one can profit when one currency weakens against another just as much
as if it were strengthening against the same currency. In fact, the instability
that the global crisis has introduced into the market is considered by many to be
a positive thing. Volatility in the forex market, despite perhaps making it more
risky, also provides greater opportunities for profit. The sharper the swings the
currencies go through against each other, the more forex traders stand to profit.
And because this volatility makes the trades riskier,
forex dealers also provide traders with tools to reduce their risk. Stop Loss orders
are a very commonly used tool in forex traders, because they allow traders to limit
the amount they are risking while their profits remain potentially limitless. One
does not even have to risk the entire amount of their investment. For example, if
one invests $100 on a trade they can place a stop loss order that will close the
trade in case the rate of the currency pair reaches a level that leaves only $50
to take back. This allows traders to protect themselves from unpredictable market
movements while simultaneously allowing them to take advantage of this same market
volatility.
Despite these obvious advantages, some people still hesitate
to start trading forex since they've never tried it before. This is where the eToro
platform comes in. The eToro forex trading platform is a perfect place to get started
in the forex market because eToro provides you with all the advantages of forex
trading incorporated into a simple and visual interface. eToro's revolutionary trade
visualization make it easy for forex novices to acquire trading skills in no time.
eToro's educational guides, tutorials and forums also
give you access to all the forex information you can possibly require. You can then
discuss this information in eToro's chats, take part in free to enter trading challenges,
and take a tip from the pros using eToro's Top Traders' Insight tool. You can also
practice forex trading using virtual money with real live market prices.
Now, more than ever, it's time to give forex trading a shot.
Download
the eToro platform for FREE today to get started!
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