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eToro – Forex Trading Platform Review




You probably already heard and seen eToro as one of the world’s largest investment network. eToro is among the best recommendation for long term novice traders. Novice traders are usually unable to understand the candlestick charts, which is where eToro proves their so -called revolutionary platform to be useful. While it sounds childish to describe the platform using funny animated avatars in place of colored sticks and lines, it’s undenialable that it’s easy. Fun provokes learning and eToro in fact has successfully proven this via their platform that has attracted millions of users. eToro provides simple, transparent and enjoyable way to trade currencies online. The platform is fast and REALLY simple to use.

Features in General:

  • Free Demo account is available
  • Forex Education is available for free
  • Award winning Platform
  • Simple, secure and enjoyable trading
  • Competitions available with attractive prizes
  • Great support 24/5 (not so 24/7)
  • Competitive spreads
  • No commissions, hidden fees
  • Leverage starts at 5:1 and goes up to 400:1
  • Fast transfers and withdrawals
  • Unlimited use of their social trading network via ‘OpenBook’ (new)
  • Islamic accounts on request (for those concerned)

Platforms:

Simplicity is the answer to great learning and easy usage and that is what eToro is offering.




  • eToro WebTrader:  The cleanest, most flexible and most enjoyable web trading platform you’ll find, packed with trading tools and community trading features
  • eToro OpenBook:  The world’s most popular social trading network lets you see, follow and copy the trades of any eToro OpenBook trader you choose for free
  • eToro Mobile Trader:  Access the financial markets quickly and simply with our forthcoming mobile trading platform for iPhone, iPad, Blackberry and Smartphone




Personally speaking, compared with other major online Forex platforms, eToro’s platform is by far easier to use and learn especially from a newbie’s viewpoint. It’s no wonder they deserved an award recently. Give eToro Demo a try today!

 Training and Education:
eToro developed  a great training program with videos and guides to put a newbie right on the hook. It covers all technical and basic fundamental aspects of Forex. With it’s new ‘OpenBook’ social trading network, you could actually follow the trade with live chats available, providing some insights as well as trading signals for free. This probably would be eToro’s version of ‘Facebook’ (damn it’s viral).  The forex education offered is free and they had a nerve to call it ‘eToroPedia’. A personal trading coach is available but only for Gold and VIP account holders.

 Low Start:
Traders  can start trading live with just $50. It is possible to progress from there as the leverage ranges from 5:1 to 400:1. This is important for both sides. eToro is unlike gambling which makes money when you lose. eToro knows this is important because after playing the demo, you will need to develop a higher level of confidence and develop newer trading strategies. Almost all demo accounts we had experienced differ from real time trading in certain ways.

Withdrawals & Payments are Clean and Easy.

There are of course general processing fees involved depending on the methods. The following methods are available:

  1. Credit Card
  2. Paypal
  3. Moneybookers/Webmoney/Neteller (eWallets)
  4. Western Union/MoneyGram
  5. Bank Transfer

Try eToro today!

 

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Categories: eToro, Forex Trading.

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By Pipboy

Common Types of Market Analysis

Analyzing the market is important and there are 3 common types:

  1. Technical Analysis
  2. Fundamental Analysis
  3.  Sentiment Analysis

Technical analysis involves interpreting charts and one of the most common way to interpret is check to see if history repeats itself. Basically you look for repeatable patterns that formed in the past and think that it will form again. When and where is the question. Charts are important when it comes to technical analysis. From most trading platform you can switch views between hourly, daily, weekly, monthly to study the pattern. While studying the pattern will make you look profesional, it actually isn’t so if you are just this anaylisis doing it alone.

Fundamental analysis is a method of making intepretations by analyzing the economic, social and political forces that affect the flow of supply and demand. For one simple example on how the method works, take for example ‘will investors to the UK drop after the recent riots’? ‘will the pound hegemonic power stays with the recent wiretaping investigations?’ However this isn’t easy as there are several factors to look and consider when making interpretations using this method.

Sentiment analysis is about how people think about the market. Understanding how they feel and relate about how the market is flowing in reality is an important thing. While the fundamental and technical analysis does not always reflect so well from the charts and news, few people will often either agree or disagree to something, others may have a better informations and ideas.

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Categories: Forex Trading.

By Pipboy

eToro is not a scam

eToro like many other platforms suffers from many allegations of scams. Lets take a quick look into the lists of popular allegations.

Accusation 1: “scam because their charts and signals are wrong”

The most popular excuse. The truth is this usually happens due to your ISP, or if you are in a region where your signal is weak. Like many other forex platform, you will need a decent connection to get the updates by the second. You can’t blame eToro or any other trading platform for that.

Accusation 2: “scam because they look childish.”

While the platform is in fact so easy to use especially for newbies who does not read candlestick charts, it also does offer the normal or customized zigzag charts. A MT4 extension upon requests for intermediate to advanced traders. Novice traders are usually unable to understand the candlestick charts, which is where eToro proves their so -called revolutionary platform to be useful.

Accusation 3: “scam because they take small deposits”

There is actually alot of forex companies offering small startup deposits. eToro chooses to offer this and you should be grateful that you are able to test their platform for a low ammount. We know alot of bad forex companies generally offer low start ups but not all of them are bad. Most forex companies that offer low start-ups usually has bad customer support which is something to be wary off. eToro merely offers a low startup fee as a optional choice in their product.

Accusation 4: “scam because they have restrictions on withdrawals”

Verications is a standard procedure in the forex trading industry to demand identity proof with each and every withdrawal. This is done mostly for the sake of security for both sides. The withdrawal laws and terms usually differs when dealt via inter-countries because different countries have different banking regulations. You should always read the terms and conditions in full AND when in doubt, contact by emailing or calling them for further informations.

Accusation 5: “scam because it belongs to a gambling company”

TOTALLY FICTION. Unlike gambling websites, forex companies make money IF the trader make money. A gambling site generally makes money if you are losing. eToro is the product of a licensed software development company, and is operated by licensed international forex brokers. This is purely a blind accusation as it’s can be perspective matter. If you enter the market in the view of a gambler. You are simply gambling. If you enter the market as a trader armed with technical/fundamental skills: You are trading.

eToro

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By Pipboy

eToro funny video advertisement

While the ad is old, its still refreshing to look at once in a while.

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Categories: eToro.

By Pipboy

Who is Henry Liu?

Who is this Henry Liu that a lot of people were talking about? The only thing i knew is that he was pretty well known for his “News Profiting” and “10k to 1mm” so this is where my partner comes in to share a bit of what he knows since he’s living outside UK.

Operates http://www.henryliuforex.com/


This web was designed to provide ‘signal services’ in the Forex world. There are many such services by many more individuals. He’s just one of them. The site is currently still active and has it’s loyal followers. Some of his ‘highly sought tips’ aren’t free. He has a few other websites but this one is more sticky.

 

 

 

 

 

 

Well Known for News Profiting ebook.


“News Profiting” is an ebook with about over a 100 pages. Simply put this ebook will show you how to utilize the news information, basically taking advantages to make more profit. Seriously while it’s worth reading, it’s not really recommended for the newbie. Trading while taking advantages of the news and insider info isn’t new and it’s actually not as easy as it seems. His ebook is available at: http://www.newsprofiteer.com/

 

 

 

10k to 1mm was a dropout.


“10k to 1mm” is a signal service. Selling and offering Forex signals is a big market. It was launch not too long ago and was a getting a lot of ground especially from Asia. What Henry was trying to do was to share his technique while he works a $10,000 account and try to turn it into $1million within 12months by ‘live feeds’. So far results weren’t pleasant but it was a daring testing ground.

 

 

For what we know, Henry Liu is just like any other Forex trader on the face of this Earth and he’s just trying to share some of his knowledge with all of us, he also profits from offering highly sought after trading advices and insider opinions.


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Categories: Forex Trading, Trading Signals.

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By Pipboy

Bloody Useful Advices

  • If you are new, start humbly. Forex is absolutely not a get-rich-quick scheme. You don’t simple put all your bets in the game. You’ve got to plan. Like all trading profits, when someone makes money, somebody loses money. It’s only natural like that the seesaw, as one end goes up, the other goes down.
  • Read, listen and learn from others. Experience is valuable. While we know education is expensive, ignorance isn’t bliss here but rather costly. Keep your eyes and ears open and be open to all sort of news, tactics and strategies. 
  • Demo accounts are generally not enough. Like learning to drive a car, if you are good at drifting a quarter million pound car in a video game, real-life drifting on the slippery roads of England is different altogether.  Action kills fear, with starting entry as low as  USD25.00, try now or never.
  • The Forex market is extremely huge, while you have room for improvements. Don’t be hasty. They will be up and downs, time will saddle you up accordingly so stick to YOUR most comfortable strategies and move slowly.

eToro

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Categories: Forex Trading.

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By Pipboy

5 reasons to Trade Forex Online.

  1. 24 Hour Market

    Welcome to the game that never stops. It runs 24 hours a daily. From Monday morning opening in Australia to the afternoon close in New York, the Forex market never sleeps. Since it runs daily, the main advantages are that you can choose to do this part-time, you get to choose to trade anytime of the day or week.
  2. You can start low

    If you think getting started is expensive and would cost a lot then you are wrong. When compared to stock trading be it options or futures, trading Forex provides another large contrast. Online Forex can offer to start from as low as $25.
  3. Affordable Lessons

    Unlike trading on paper, online options will commonly provide a demo account. With a demo account and online tech supports, you basically gain more and save a lot instead of spending more time, more fuel, more money attending all sort of seminars offered by coaches. While demo accounts do provide some confidence boosts, it also provide more insights on how to make a comfortable trade.
  4. Open Competition

    No one can fully control the market price within forex for a long time. Why? because it’s huge, it’s far bigger than stock exchanges. Before the days of widely used internet, the Forex market is usually limited to larger institutions to fiddle around. Today anyone can join the game and no one entity or person can fully corner the market.
  5. Very high liquidity

    Because of it’s monstrosity, it’s extremely liquid meaning every single click you decide to make, every position you decide to do can bring changes to the market. There’s always buyers and sellers, there’s always trading to do every single second. You have the option to trade form major to minor currencies and always remember, there are so many possible currencies to pair with which can make options, techniques seem endless.

eToro

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Categories: Forex Trading.

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By Pipboy