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September 22, 2012

eToro Review from a new Forex Trader

Note: Updated on September 30, 2012

There are many people that would like to learn more about Forex trading and get involved in the industry to at least make a few bucks. The main problem is that there are many different brokers on the market today and it is very difficult for a beginner to find one that will actually help them learn the industry.

eToro is one of the most popular and is truly the best for beginners as well as professionals. The main reason is that the interface is not confusing at all and there is expert help for beginners to learn all they want to know and more. eToro offers webinars, ecourses, and even support that are more than willing to help you every step of the way. They even offer a demo account so you can check out the interface and learn to trade before you open an account. The platform used by eToro was created by experts that sell, professionals in currency along with software developers each one adding their expertise to ensure the trader will easily be able to use the platform to their best advantage.

The best part is that you do not have to guess, you can actually use the CopyTrader feature and trade in the same way as one or more Gurus with the ability to change your mind at any time. This will certainly help you learn the industry and as well as learn more about the currencies. The features are not complicated to use and offer one click trading which allows you to have more time to learn more about the industry.

The platforms offered by eToro include WebTrader, OpenBook, and Mobile Trader with each one offering some of the most excellent features available for traders.

The WebTrader is synced with the OpenBook so you can analyze, monitor, and manage your trading. Inside the platform you will find trends, learn techniques to plot resistance levels, and choose from a variety of technical indicators.

OpenBook allows you to use the innovative features known as Guru Finder and Copy Trader. These are some of the best features around offering you the opportunity to find a trading guru and then copy their trading techniques. You even have the opportunity to watch the trading in real time which is available 24 hours a day, 5 days a week, even when the market is not open. Support is available even on weekends. You can filter the feed so you create your own watch list or decide to keep your eye on the top 100.

Of course, the Mobile Trader is for your Blackberry, Smartphone, iPad, or iPhone and allows you to trade on the go with all the features you need including accessing your OpenBook, live feeds, access trader portfolios, and up to date rankings.

The chat feature is perfect for all traders to learn more and ask questions. This is actually a huge help for beginners as they will be able to receive professional advice from gurus that are making a living with Forex trading.

eToro offers a very unique Education Center with live webinars, education center, ecourse, eToroPedia, 10 trading tips, online trading videos, and broker type. If you happen to want more than just a trading interface, eToro offers all kinds of promotions to help get you started along with contests.

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