Forex Broker? An eToro Review.
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.
For those new to Forex there are video tutorials to take you through the first few trades, the platform also takes on a game like atmosphere to make everything as easy and fun as possible.
Of course, as traders progress through the different levels of experience then they can change over to the professional platform mode. It carries the same level of usability but everything is as it normally would be.
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.
They also have a very reliable platform, which is essential. Many brokers in the industry also experience 'slippage' or re-quoting, which means that a trader cannot buy or sell at the price they want and have to be re-quoted at a less advantageous price.
The service teams at eToro are around all day everyday to deal with customer queries and issues. There is also a great forum to bounce thoughts and ideas around.
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.
When traders feel ready to move up to trading with real money, this can be done with as little as $50. This allows everybody that is trading with eToro the flexibility to stay in control of how much money they are trading with. - 23221
eToro was set up with the vision to create an extremely usable trading platform that traders from novices up to professionals could use.
For those new to Forex there are video tutorials to take you through the first few trades, the platform also takes on a game like atmosphere to make everything as easy and fun as possible.
Of course, as traders progress through the different levels of experience then they can change over to the professional platform mode. It carries the same level of usability but everything is as it normally would be.
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.
They also have a very reliable platform, which is essential. Many brokers in the industry also experience 'slippage' or re-quoting, which means that a trader cannot buy or sell at the price they want and have to be re-quoted at a less advantageous price.
The service teams at eToro are around all day everyday to deal with customer queries and issues. There is also a great forum to bounce thoughts and ideas around.
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.
When traders feel ready to move up to trading with real money, this can be done with as little as $50. This allows everybody that is trading with eToro the flexibility to stay in control of how much money they are trading with. - 23221
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posted by X - Men @ 3:01 AM
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