Welcome!
It is time to begin trading.
At the center of the "Lobby" you’ll find five big icons. Each icon represents a
different trading arena. Clicking on an icon will bring you to one of the arenas
listed below.
Globe Trader: Let the Currency Pairs Jet Set
Use the menu at the bottom of the screen to select your currency pair and trade
settings.
Once you’ve done this, a window will pop up and ask you to confirm your trade settings.
If you are satisfied with the trade settings, the selected amount, and the rate
for this currency pair, you should go ahead and click "Open Trade" in order to open
your trade.
About Globe Trader:
The Globe Trader arena enables traders to trade based on the principles of
fundamental analysis. (Fundamental analysis studies the cause of price movements.)
What this means is: a country’s currency is influenced by its economic strength,
its international relations with different countries and its financial relations
with different economies. Use information about different economies as indicators
regarding which currency pair to trade.
Forex Charts: Let One Currency Pull against Another
Use the menu on the left side of the screen to select the amount with which you
wish to trade. If you wish, you may select a Risk/Reward Level (leverage) and specify
your trade limits (Stop Loss and Take Profit). Click "Open Trade" in order to confirm
and open your trade.
About Forex Charts
The Forex charts arena enables traders to trade based on the principles of
Technical analysis. (Technical analysis studies the effects of price movement. It
believes that past market behavior can predict future market behavior.)
What this means is: graphs illustrate the behavior of a currency pair over
time. Past behavior can be seen and hence future behavior can be determined. Use
the graphs as indicators regarding which currency to trade.
Forex Trend: Let Your Currency Rise or Fall
Predict whether the Euro, the US dollar or the Pound will rise or fall against other
currencies. Select the currencies you wish to compete against and the amount you
wish to trade and click "Open Trade" in order to open your trade.
About Forex Trend:
Trend following means that the trend is your friend and the Forex Trend
arena enables traders to trade the Euro, the US dollar or the Pound (as the three
most liquid currencies) based on the principles of trend following.
What this means is: a trend is a general movement in a certain direction.
A trend, as maintained by trend followers, is the most indicative and reliable market
feature. Use trend information as an indicator regarding whether to buy or sell
the Euro, the US dollar or the Pound.
Forex Marathon: Let the Race Begin…Watch
Tutorial Here
Predict which currency you expect to strengthen against other currencies. Buy the
currency that you believe will strengthen (U.S. Dollar, Euro, British Pound, or
Japanese Yen). Once you’ve selected a currency, select the currency you wish to
compete against. Select the amount you wish to trade and click "Open Trade" in order
to open your trade. A new window will open and tell you exactly how many currency
pair units you are buying and at what exchange rate.
About Forex Marathon:
Not unlike the Forex Trend arena, the Forex Marathon arena enables traders
to trade the U.S. Dollar, Euro, British Pound, or Japanese Yen based on the principles
of trend following.
What this means is: a trend is a general movement in a certain direction.
A trend, as maintained by trend followers, is the most indicative and reliable market
feature. Use trend information as an indicator regarding which currency to buy.
Trade Box: Let the Pros Trade
The Trade Box is an advanced trading arena that forgoes visualizations in favor
of advanced trading tools. Here you can use a wider range of leverages (1:10 – 1:400),
trade a wider range of currency pairs, and manage your Stop Loss and Take Profit
orders after opening the trade. Your trades are displayed in data form, so as to
simplify data analysis.
Two Additional Features:
Championship:
Go to "Community" and click "Championship". eToro holds periodic forex trading championships
which provide you with the opportunity to win major cash prizes. As an eToro member,
you are automatically registered to participate in the championships. Your profits
determine your ranking; the higher you rank, the more money you win. eToro publishes
a Top 10 List.
Chat:
Go to "Community" and click "Chat". In this panel you can chat with friends and
fellow traders from around the world with whom you can exchange forex information,
knowledge, advice, and tips. You may chat privately or publicly around the clock.
Here you can also edit your community profile, upload pictures and compile friend
lists.
Before starting to trade, please take note of the following guidelines:
- Trades opened by you will remain open until you close them or until the end of the
working week when they will be closed automatically (as that is when the market
closes).
- You may close your trades at any time. To do so click "Close Trade".
- You may open several trades at once, meaning that you may have several trades open
simultaneously. To do so, click on "Lobby" at any time, and proceed to choose your
next trade.
- To return to the lobby, click "Lobby".
- The "My Open Trades" box displays your active trades. The "Trading Log" tab opens
your trading log where you can view open trades in more detail as well as historical
trades.
- You can switch from real trading mode to fun trading mode and vice versa at any
time simply by clicking the "Trade for Real Money"/ "Fun Trade with Virtual Money"
buttons.
For more details we encourage you to please see the
eToro Platform Guide.