By Forex Mansion
Trading on the Forex begins with a solid understanding of the market movements, but can only continue with a solid broker. Of the many brokers available, eToro has one of the most advanced platforms, reliable customer service and collects and harvests valuable information that would otherwise need to be culled from many sites. The user-friendly interface makes it easy for beginners to hone their skills in trading foreign currencies while providing detailed accounts of up-to-date market analysis and research for advanced traders alike. Not only can the platform be downloaded, but it is also accessible as a web page to facilitate trading for a dynamic user base.
• Practice Accounts with Virtual Money. Starting to use eToro is simple, not only providing a free practice account to allow users to acclimate to the trading platform before using real money, but also having a mere $50 minimum requirement to start trading when users do feel ready to trade.
• Low Spreads. eToro’s low trading costs are on par with most other trading platforms with a spread of as low as 2 pips on the major EUR/USD pair.
• Competitive Leverage. The leverage benefits of eToro are solid when comparing to competitor platforms, allowing for trading with currencies aside from the US Dollar as well as providing impressive 400:1 maximum leverage support. This platform makes funding your account simple through wire-transfer, Paypal, credit card, Western Unions, Webmoney, MoneyGram and Netteller.
• Instant Order Execution. Considering the speed at which the markets move, a crucial feature of eToro is the instant execution of all orders. This outstanding feature guarantees that users can make trades at the price listed at the time of trade rather than when the trade is finalized.
• Social Networking. As a huge draw for any trader who realizes the importance of sharing information, eToro has a social forum that is second to none. Included in this social forum are chat discussions to share strategy and information, a frequently updated blog, top traders insight and trading contests in which all users can participate.
• Commitment to Continuing Trader Education. This might be overwhelming for beginners, which is why eToro has invested in developing an education program that teaches users about the fundamentals of foreign exchange trading and methods for developing personal strategies. Once traders have a solid understanding of the markets, they will be pleased to see the incredible amount of information available to them in real-time graphs and charts. Furthermore, the financial news that is collected for users leaves little to be desired when compared to other sites.
eToro allows users to become serious about stock day trading and reading currency trading charts in a fun way by using a writing style that speaks to the average person and does not feel sterile as many financial sites tend to be. As such, it is no surprise that they won the World Finance Award for the “Most Innovative Trading Platform 2010.” This is a platform that caters to the needs of expert traders while understanding the need to communicate to beginners in such a way that they can feel comfortable in becoming part of the world of Forex Trading.
About the Author
This article at http://www.etororeview.net reviews the broker eToro, and gives a well-rounded picture of the broker and what its platform offers.
