eToro ReviewReviewer: Michael Jones Rating: Forex trading platform reviewed: eToro If you want to be part of the forex trading community but feel intimidated by the seemingly endless amounts of drab charts everywhere, then the eToro forex trading platform is a great fun alternative for you. eToro is an extremely user friendly client
based forex trading platform with the intention of bringing
forex trading to the masses, rather than exclusively for those
“in the know”. After downloading the application, you will be
presented with an interface that is so fun and colourful that
it is often described as like a video game rather than for
serious forex trading. In place of boring charts and analysing bid, ask prices, eToro presents currency trading as a race. For example, if you’re trading the USD/JPY currency pair, you will be presented with a race between a farmer (USD) and a sumo wrestler (JPY). This simplified user interface brings down the learning curve considerably for new currency traders and well as for those with a phobia of looking at too many charts. Click Here to Visit The eToro Forex Trading Platform The downside to this is that of course, the risks associated with currency trading are still very real. Because the eToro platform makes currency trading so fun, there have been a few comments that it encourages gambling rather than serious trading. eToro also comes with a well supported forex forum which is a good thing because forex trading by yourself can sometimes get lonely. You will also be able to chat with other traders through their public and private chats. They also regularly conduct forex trading competitions and challenges with weekly prizes so the community is really fun and lively. Another great thing about eToro is that they are a swap-free broker, which means they do not apply overnight interest on their positions, which makes it suitable for Islamic traders. eToro however does not currently support the Metatrader platform, so it would not be suitable for those of you who are relying on automated forex systems such as Fapturbo and Forex MegaDroid. In conclusion, the eToro forex trading platform is a great vehicle for beginners, currency traders using fundamental analysis strategies, long term strategies or those trading on recommendations. They have been proven to be easy to work with and have pretty good customer support and feedback. It might be worthwhile for chartists to check out if you have other advanced charting software available because it’s simply such a fun and unique platform. With only a $50 minimum deposit, what’s stopping you from having a great time at the races? |
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