Thursday, October 2, 2008

eToro Review: A revolution in Forex trading

The eToro review is meant to help those who are planning to choose a trading platform to join the ever growing world of Forex and make some money. When it comes to Forex broking, eToro believes in doing things a little differently and the difference is visible right from the beginning!

  • At initial stages of opening an account with eToro, they create their own platform instead of using a third party platform.

  • With a facility to chat with other traders using eToro, you can enjoy a very user friendly interface.

  • With expert customer support staff, eToro offers online help to the traders via chats and emails.

  • The innovative graphical user interface and the comprehensive trade history make it easy even for a novice to trade in the Forex market and earn money.

  • There are lobbies where a trader can choose the currencies that they want to trade with and also the traders can participate in more than one trade simultaneously.

  • Traders can make use of My Open Trades to view all the trades they are participating in and view the profit or the loss and the currencies they are buying or selling.

  • The deposit requirement for opening an account is very low and the amazing fact is that it is as low as $50 (the minimum limit for single deposit from a credit card).

It is essential that in an eToro review, one discusses the negative aspects of the platform to give a complete meaning to the eToro review.

  • One major issue is the occasional disconnection during the time of trading.

  • Due to inadequate charting and the presence of only a few indicators like trend lines and channels do not make it a very preferred destination for many traders.

Despite such inadequacies the eToro has a great prospect lying ahead.

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