Tuesday, November 3, 2009

A Review Of The Forex Broker eToro.

By Kris Deaney

The Forex marketplace is very exciting with over $3 trillion traded all over the world daily. However, if you are going to trade you need a good solid trading strategy that you execute with discipline, and a good broker.

eToro was set up with the vision to create an extremely usable trading platform that traders from novices up to professionals could use.

For those new to Forex there are video tutorials to take you through the first few trades, the platform also takes on a game like atmosphere to make everything as easy and fun as possible.

As you gain experience or for seasoned traders, there is a professional mode which continues to have the same functionality, but without the game like experience.

The spread of a forex broker is like a fee that is payed, or could even be considered as a commission. It is the difference between the bid and the ask price. the spread at eToro will go down to 2 pips, which is extremely good in the industry, where the average can hang around the 5 pip mark. This makes trading much cheaper.

They also have a very reliable platform, which is essential. Many brokers in the industry also experience 'slippage' or re-quoting, which means that a trader cannot buy or sell at the price they wan't and have to be re-quoted at a less advantageous price.

The service teams at eToro are around all day everyday to deal with customer queries and issues. There is also a great forum to bounce thoughts and ideas around.

There is also a full comprehensive training program and free practice accounts for those who would like to gain confidence, or develop their trading strategies.

Traders can start their first real money trades with as little as $50. This means that traders only ever have to start trading with what they can afford to lose, which is very important. - 23309

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