With the global credit crunch making investments hard to come by there is one market that cannot possibly fail. You can make money from trading currencies. If you are someone that takes an interest in current affairs with some spare money to invest, then forex trading could be for you. Make money when the news is good and bad. You just got to predict which way the market is going to go.
The pound is weak now, will it get any weaker? In 6 months time the value of the world’s currency will have changed relative to one another. If you want to hedge against rate changes, you can trade on the forex.
Are you worried that your pound savings might be worth less in year? Hedge it on the forex markets. Profit if the pound falls further. Are you confident that the UK government can turn things around? Make money if the pound rises in value. If you are interested in the foreign exchange markets then read on.
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 rates.
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 advantage!
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