Forex websites review
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,
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!
The Forex market has quickly become the world's largest financial market, with an estimate daily turnover of $3.2 trillion. It is a market that has
great appeal to a financial trader because of its volume which guarantees liquidity. High liquidity means that a trader can trade whatever
currencies he feels like at all times, since there will always be someone to buy and sell any currency he wants. Another outstanding feature of the
forex market is that it is active 24 hours a day and is closed only on the weekends. This means that unlike the stock market for example, traders in
the forex market don't need to wait for a bell to ring, but can make trading decisions around the clock.
Enter the internet into the equation. Now the forex market is literally at your fingertips. Most brokers offer online trading facilities which enable you
to trade simply by clicking a button, instead of the traditional phone call. The internet has really revolutionized the industry, making the retail
section of the market more dominant than ever.
eToro is a forex trading platform developed to cater to the emerging retail segment of the forex market. With its simple style and exciting trade
visualizations, eToro is the perfect platform for a novice trader to get his first forex trading experience. With its great array of professional forex
trading and analysis tools, eToro is also the perfect platform for experts in the field who want to trade comfortably and reliably. eToro has
developed a truly intuitive interface that lets traders concentrate on trading instead of messing around with bulky and overcomplicated software.
It's important to mention that eToro also offers an educational experience, so novices can gain knowledge of the forex market and eventually
become pros if they're so inclined. eToro offers forex trading guides, forums and video tutorials to facilitate their traders' progress. eToro also
offers an unlimited practice mode where both beginner and seasoned traders can sharpen their skills and test their strategies with real market
Overall eToro have successfully designed a software that caters to a very wide segment of the forex trading public. eToro is bound to remain a
leader in the forex industry for a long time to come.
Visual representation of trades: Monitor your trades with ease by watching creative visualizations of your trading activity.
Practice mode: Test your skills and strategies by trading with live rates, without risking a cent.
Trading Challenges: Compete against fellow traders for cash prizes - with no entry fees.
Trade: Enjoy immediate and accurate execution with all your trades.
Low Spreads: Save a fortune on eToros super low spreads - as low as 2 pips.
And soon to come:
Trade: Enjoy real time execution with all your trades.
eToro's Pro Insight: Get a look at what currency pairs eToro's top 100 traders are trading at the moment, and use the inside info to your
Download eToro for FREE and join a fast growing forex community.
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Forex trading involves substantial risk of loss, and may not be suitable for everyone.