Etoro|World's Largest Social Forex Trading & Investment Network

   I began several months ago to learn about the forex market and not having much knowledge about how to operate I opened a demo account in eToro because from what I read about them on the Internet were only good things.
   It certainly was one of the best ideas that I've had because I learned a lot by practicing with operations and graphics and this happened because the 10,000$ demo account are more than enough to learn and when I  lost them they give me 2000 $ more to continue the practice. Certainly there are many people who lost money with eToro but this happens to 90% of those who begin to operate in forex because it's not as simple as it seems at first sight but anyone can learn to operate in forex with hard work and discipline. There are two important things when you start forex trading.The first is a good strategy and discipline and  the second is an excellent broker. EToro is definitely an excellent broker so you only need the first important thing a good strategy and discipline.
    Etoro advantages:

1. Low Minimum Account Opening.
eToro offer traders the opportunity to trade their practice accounts for free. This is very important if you are new to Forex, or you would like to develop confidence and new trading strategies.
2. Low spreads.
This means effectively, how much it will cost to trade. If you are trading frequently the spread will soon start adding up, which is why it needs to be as low as possible.
3.Instant Execution Of Orders.
This is vitally important some Brokers will re-quote meaning that you cannot get into or out of trades at the price you request, especially during fast moving markets.
4.The Opportunity for Good Education and Training.
eToro has a great training program with tutorials and training guides. It's very easy to develop a full understanding of the technical and fundamental aspects that affect the prices of currency.
Also in July eToro started 'OpenBook', which is essentially a social trading network. It means traders can follow the trades or exerts and other traders in the network in real time, as they happen.
It's a brilliant idea, and there is nothing else currently like it in the industry. Traders can use the professional charting and graphing tools, or up to the second financial news and data to develop strategies, in conjunction with communicating and watching other experienced traders through the OpenBook network.
The platform they use is also designed to be very intuitive. In fact eToro actually won the World Finance Award for the 'Most Innovative Trading Platform 2010'.
For those with more experience, there is the expert mode which has the same level of functionality but without the 'game' aspect.
5. Leverage
Another key area and this eToro review wouldn't be complete without it. However, Traders should be careful with leverage, as it means you are trading with borrowed money and losses or gains are very much exaggerated. At eToro the leverage starts at 5:1 and goes up to 400:1.


If you want to learn about and start forex trading eToro offers the best platform and tools to start. So open a free account at www.etoro.com