A Review Of The Forex Broker eToro.
The Forex marketplace is very exciting with over $3 trillion traded all over the world daily. However, if you are going to trade you need a good solid trading strategy that you execute with discipline, and a good broker.
eToro was set up with the vision to create an extremely usable trading platform that traders from novices up to professionals could use.
If you are new to trading Forex then you will love the eToro platform, which is set up like an interactive gaming platform. It's very easy and also a lot of fun. There are plenty of videos to take you through every step.
As you gain experience or for seasoned traders, there is a professional mode which continues to have the same functionality, but without the game like experience.
The spreads at eToro go down to 2 pips which is extremely competitive in the industry. Pips are basically the cost of trading, the difference between the bid and ask price. Many brokers will charge 5 pips as a standard. If you trade frequently this can become very expensive and eat into profits.
Also and perhaps most important, the platform at eToro has a high level of reliability. There is a dreaded aspect of trading which is know as 'slippage'. It is when a trader is trying to sell at a certain level, either manually or with pre-set limits and the brokers cannot get a price at that level, and have to re-quote at a price that is less good. This happens very little with eToro.
The customer service team are available 24 hours a day and they are focused on providing a community feel and have a lively forum for exchanging ideas.
Traders can also make use of the full tutorials and training materials to greater develop their technical and fundamental knowledge. There are also free practice accounts. These are invaluable for learning.
Traders can start their first real money trades with as little as $50. This means that traders only ever have to start trading with what they can afford to lose, which is very important. - 23223
eToro was set up with the vision to create an extremely usable trading platform that traders from novices up to professionals could use.
If you are new to trading Forex then you will love the eToro platform, which is set up like an interactive gaming platform. It's very easy and also a lot of fun. There are plenty of videos to take you through every step.
As you gain experience or for seasoned traders, there is a professional mode which continues to have the same functionality, but without the game like experience.
The spreads at eToro go down to 2 pips which is extremely competitive in the industry. Pips are basically the cost of trading, the difference between the bid and ask price. Many brokers will charge 5 pips as a standard. If you trade frequently this can become very expensive and eat into profits.
Also and perhaps most important, the platform at eToro has a high level of reliability. There is a dreaded aspect of trading which is know as 'slippage'. It is when a trader is trying to sell at a certain level, either manually or with pre-set limits and the brokers cannot get a price at that level, and have to re-quote at a price that is less good. This happens very little with eToro.
The customer service team are available 24 hours a day and they are focused on providing a community feel and have a lively forum for exchanging ideas.
Traders can also make use of the full tutorials and training materials to greater develop their technical and fundamental knowledge. There are also free practice accounts. These are invaluable for learning.
Traders can start their first real money trades with as little as $50. This means that traders only ever have to start trading with what they can afford to lose, which is very important. - 23223
About the Author:
For a more comprehensive eToro Reviews or to sign up for a free account just Look At This.
posted by X - Men @ 12:47 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home