eToro review broker updateWe setup a new account with etoro back in 2009. Our dedicated traders started analyzing their platform, customer service, speed of response, quality of transaction or trade executions and withdrawal requests. Below is what we deducted through our 2 years of experience with etoro.
etoro review - scam or no scam
When you start a trading career. You think of the process. Signing up, downloading the trading platform, playing with the platform and eventually executing your buy or sell orders based upon your decisions. But what you really need to be doing is far more important than those few easy steps. In fact, before you even sign up with a broker you have to make sure that some broker aspects checklist has been totally verified. So after you read the review below, you'll find it easy to judge any forex broker in the globe.
Why do you need to read this etoro review before joining them?
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
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
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, while we are talking, I want you to try the platform yourself right now because no matter how much i tell about it, it's more informative to see with your own eyes than to read about it. Here is the Download etoro platform link.
eToro has software that has taken the complex world of forex trading and made it user friendly. Countless online forex providers supply their traders with platforms that are bulky and uncomfortable to use. You'll find yourself spending more time trying to figure out how to set up a simple trade than analyzing the market and deciding what your next trade will be. Using a ground breaking interface, the eToro platform puts all the forex tools your heart desires right at your fingertips. eToro is about providing the ultimate forex trading environment for all traders. Here you will not only find a phenomenal array of forex trading tools but also live streaming news, financial event calendars and an unlimited practice mode with live forex rates for you to test out trading arenas before applying them with real money. eToro also combines forex trading with a web 2.0 community centered approach. eToro have created a thriving forex community around public and private chats and forums, that enables you to discuss forex with peers from around the globe, and you can even monitor the most popular pairs traded by eToro's top 100 ranked traders, and utilize their experience to your advantage !
Traders at eToro has the checklist I was talking about in the beginning of this review. They benefit from all of the following aspects:
- Innovative user-friendly interface - execute trades with one click of a button.
- Unlimited practice - practice your trading techniques with virtual money and live rates
- Streaming news - get the latest forex updates as they happen
- Low spreads - trade with the lowest spreads online, as low as 2 pips spread.
- Superb execution - trades are executed immediately with great precision
- Low margin requirement - start trading forex with only $50, and get a first deposit bonus of up to $1000!
- Commodities Trading - trade Gold, Silver and Oil on the eToro platform.
- Webtrader - no need to download the trading platform to your computer.
- Community experience - connect with you fellow traders using public and private chats and forums
- Trading challenges - win prizes simply by trading, no entry fees required!etoro review.
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