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There’s no denying that the global financial markets are in trouble. Despite market improvements in the global economy since the financial crisis of 2008, investors are still wary of risking their money and recovery remains slow. That is with the exception of the foreign currency exchange market of course. In foreign exchange trading the value of currency is always relative, which means that there are always plenty profit opportunities available for speculation. Since the collapse of the stock market, the financial world has witnessed a migration of financial investors into the relatively safe realm of currency trading.
The online Forex trading industry is still absorbing thousands of “refugee” traders who have decided to take a shot at currency investment instead of losing more capital elsewhere. To help these new traders start on the right foot, eToro has decided to make simplify FX trading and give them the opportunity to learn the basics of foreign money exchange for free. Below you will find a description of the educational tools available online on the eToro company website.
The eToro Foreign Exchange Trading information is available on the eToro website and contains easy explanations of all the basic principles you need to know to start trading foreign currencies. We assume that people seeking for this information are novice traders, so all the Forex concepts are explained from scratch. A tip to the wise: the information does not contain any secrets that will make you get rich quick. It‘s simply there to help you know what you’re doing when you make your first trade instead of just gambling your seed money away. You can find information on:
Once you sign up with eToro you will get immediate access to the eToro demo mode.
The demo mode is an exact replica of the eToro WebTrader platform which allows you to simulate Forex trades with virtual money and live FX rates. This gives you an opportunity to discover the unique features of the eToro platform and to practice your skills as you pick them up. The only difference between the two trading modes is that in practice mode you cannot lose any of your own capital! Use the practice mode to test your trading knowledge, review your trading strategies and develop your own trading systems. And of course, it’s tax and commission free. The dual combination of education and practice is a guaranteed road to success.
After learning the basics of trading and practicing in the demo mode you can further develop your skills by following the best traders on the eToro OpenBook social trading network. In fact, you can not only pick up insights and useful trading advice from our top profiting traders, but also copy them automatically to capitalize on their trading expertise directly. This way, you can already be trading like a top trader, while still learning how to trade. And who knows, perhaps in the not so distant future, you can become a Forex trading Guru yourself!
For more information on how you can get a Forex education with eToro please visit our website or contact us directly.