Forex Trading Platform Review

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Occasionally at the Forex Law Blog and at the Hedge Fund Law Blog we will allow guest posts from authors who are authorities on various subjects.  Today we have a guest post on a forex trading platform - eToro.  We hope you enjoy this article and please feel free to let us know if you would also like to guest post of the Forex Law Blog.

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Review of eToro

eToro is an exciting new firm with an altogether new and innovative approach to on-line forex trading. The many unique aspects of this firm would deserve a whole book to be fully analyzed and studied, but, for your convenience, we have summarized the most important and striking aspects of this firm in this article.

eToro’s revolutionary approach to trading aims to add the fun factor into the calculations of traders. We’re all used to trading being a stressful, difficult, and sometimes boring experience. It is hard to remain calm in the face of market turmoil, as the pain of losing money in trading leads us to emotional choices and compulsive trading with disastrous results. eToro believes that the deleterious consequences of panic and despair in trading can be remedied by making trading a more enjoyable practice.  To that purpose, the firm has created a visual interface that displays the abstract movements of currency quotes in an intuitive, easy-to-understand and entertaining manner. This is a unique approach deeply appreciated by the majority of beginning traders.

On the game-like interface you will see your favorite currency running marathons against the one that you sold, pull ropes, and wrestle. Each currency is represented by its national symbol. The U.S., for instance, is represented by Uncle Sam, while Japan is personified by a sumo wrestler. Needless to say, seeing these national icons fight against each other as your trade fluctuates is quite a fun and relaxing experience.

eToro specifically targets the retail segment of the forex market, and as such, it offers a great diversity of options for individual traders of all experience levels, and backgrounds. To allow clients maximum flexibility, eToro requires a minimum deposit of just $50, and offers a a great spectrum of leverage options from as low as 10:1 rising up to 400:1.

In the US eToro USA trading platform is operated by Tradonomi LLC which is regulated by the CFTC and a member of the NFA with ID 0382918. The firm is an innovative and powerful new entrant to the field, and if you want to partner with a broker that emphasizes the psychological aspect of trading over everything else, eToro is your choice. The trading platform of eToro doesn’t bother you with the intricacies of every indicator discovered since the late 19th century, and you have little need for that either as beginner. Instead, every aspect of this great platform is directed to allowing you a better, no-panic, no-fear experience of trading.

If you have any trading experience at all, you already know how great this aspect of eToro is for your future as a trader. If you are a complete beginner, you can take our word. The difference between  profit and loss is the difference between emotional control and panic.  To perform good forex analysis, you must be able to keep your sanity in the sometimes insane atmosphere of trading. eToro is your best friend and adviser and in the quest to achieve the proper mental attitude to trading.

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www.forexregistration.com

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June 30, 2009 | Filed Under Forex Resources

 

Comments

2 Responses to “Forex Trading Platform Review”

  1. AJ on September 19th, 2009 4:48 pm

    Hi. I’ve been trading forex for about 1 year now. I’ve generally been keeping to basic trading strategies and have made some profits, though it requires lots of time being dedicated and quite an amount of effort. I’ve been considering using a trading bot and have been searching around for the past few weeks. There’s this one called the Ivy Bot. Seems quite promising, compared to the others. It seems that it consists of 4 bots each trading different pairs. Found it at http://budurl.com/ivybotprofessional. I’m actually thinking of getting it.

    Anybody had experience using it? Does it bring consistent profits?

  2. Forex on October 4th, 2009 10:48 am

    Etoro? I herad nice things about them - does anyone here has some experience with this company?

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