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July 22, 2010

If eToro is scam, why people keep coming back to eToro?

Online forex trading involves a risk and uncertainty but with eToro you’re trading experience becomes simple, quick and most of all, secure. While choosing your forex platform providers and brokers, you should be extremely cautious and should consider all possible risks before zeroing in on one. Forex trading is done with the help of a broker and a company with a license to place trades in the currency markets. Among so many online forex brokers, eToro is the most famous and the most popular broker in online forex trading market.

Many people says “eToro is a fake” or that “eToro is a scam.” All of these people, one way or the other, have lost money on eToro. Is this eToro’s fault? Of course not. They have let their greed get the best of them. They have not followed any strategies. All of them wanted to be rich overnight. That really doesn’t work. It is not that magical. Forex is not that magical.

eToro is definitely not a scam. I have been trading with them for a while now. Everything about them is very comparable with anyone out there offering forex trading options. You should carefully weigh their pros and cons against your particular trading style. The trading conditions they offer are great for certain types of traders and for certain market conditions. They are better suited to longer-term novice traders in a bear market than say, an experienced scalper. Their platform is excellent & they are proven to a be an easy broker to work with.

If eToro was scam then why are they growing so fast? eToro, the fastest growing online financial trading company, has announced the launch of a new social trading network called, OpenBook. eToro OpenBook enables users to view, share, and even copy their chosen trader’s moves in real-time. By enabling traders to follow and interact with each other, OpenBook breaks barriers between traders, accelerates knowledge sharing and shortens the learning curve for users that want to bring their trading experience to the next level.

eToro’s OpenBook opens up financial trading to all levels of expertise. Beginners can ride on the success of the experts by talking to other traders and following their activity, while seasoned traders will benefit by attracting followers and by being recognized as gurus. In addition, now that eToro makes all trades transparent to everyone, people can choose to follow those traders that have similar personal profiles and trading styles.

I give eToro A+ on making forex trading so simple and easy.

Update from April 2012:

I have been trading on forex for over 6 years now. I thought I would share some of the resources I have used to make stead profits in Forex.

Cautionary Note: Please use this information at your own risk. Forex trading is not for everyone. Before you invest please learn as much as you can and learn of the risk.

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1 Comment(s)

  1. David | Oct 3, 2012 | Reply

    People keeps coming back because eToro is great. I love it and earning a decent living. I am from South Africa.

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