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Securities Exchange Commission (CySEC) under the license # 109/10
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If you’re a beginner in the Forex market, the most important thing to look for is good training so you can get a solid base of FX knowledge before you get started. Many online companies try to capitalize on that need by selling expensive trading courses or books, when in fact there are many available for free and Forex trading courses online are usually provided by trading platforms anyway. Forex academy accreditation isn’t worth much at the end of the day if you don’t know how to trade. At eToro we provide you with many valuable learning resources for your financial education. We’ll now take a look at some of them and suggest how to use them to make an easy start in the foreign exchange market.
eToro, the number one social trading platform, offers traders a custom made trading course that is designed to take you through basic FX strategy and onto advanced currency trading. Since our motto at eToro is “Forex made easy”, our course uses the same simple and visual approach as the rest of our tools. Unlike some other online courses out there, this isn’t a “Forex for Dummies” course. By the end of the training course you’ll come out with a superb grasp on the workings of the foreign exchange market and all the right tools to become a successful trader.
Instead of shopping for Forex trading books online, check out the free eToropedia – your #1 resource and guide for all Forex and Financial issues. The guide is divided to various subjects and each holds easy to read articles for the beginner trader such as: basic trading concepts such as the daily trading volumes of the market, how to calculate your investment to leverage ratio, and how foreign currency trades work.
This eToropedia does not contain secrets on how to make money by trading online, but it does give you the foundation to build on. To learn even more basic terms such as pips and spreads we suggest you see the eToro glossary available on our website. .
Our discussion walls are a great place to find answers to any outstanding question you may still have. Our traders are more than happy to share their strategies, know-how and tips. More than that, our traders will teach you the things you can’t learn in any course such as how to recognize scams, where to find the most reliable pip converter or currency calculator, how to use a personal Forex log book and how much they recommend to invest in any particular currency. Once you’ve gained some experience with eToro, you too can start contributing to the training of a new generation of traders at the eToro OpenBook Discussion Walls.