Especially when you’re new to CFD trading you should try eToro because it’s one of the best options for novice traders. Their innovative and user friendly platform guarantees an easy start into the world of CFD trading.
The things I like most about eToro is the Traders Feed, which is used to share trading ideas and interesting articles, and secondly, the opportunity to copy other traders and/or see their trades.
The software is downloadable and free of charge. It is laid out very clearly and there’s both expert and beginner mode. The latter tries to avoid overwhelming new traders with too much information. Everything is intuitive to use and it does not take long until the trader gets used to the software. Also unique is the eToro community where you can exchange with other traders while trading. You can pick up some tips from experienced traders. But be careful: Never blindly trust the opinions of these traders. It is not only a community area. You can also find interesting Forex news. The software is of very small size and thus the download is very fast. Although the structure is kept very simple, you can analyze charts in detail with the most popular metrics.
You can also chose to just trade in the browser. When using the webtrader, you don’t have to install any Forex trading software.
In 2011, eToro launched OpenBook and then CopyTrader. This is an awesome tool, as it lets you copy the trades of successful traders automatically. Read more about this free tool in the Trader of the Day section.
Select the criteria your Trader has to match, and you are ready to copy their trades!
Create your own WatchLists
This is an example of one of my Watchlists. Interesting tool on the right: the eToro sentiment indicator. Follow the crowd?
eToro Deposit Options
Credit Card, PayPal, Neteller/1-Pay, MoneyBookers, WebMoney, GiroPay, Wire Transfer, Western Union, MoneyGram.
eToro Trading Characteristics
Maximum Leverage: 400:1
Minimum Margin: 0.25%
Spread: 3 pips
Available Currency Pairs: 16
eToro is offering a free demo account. Unlike other FX brokers, the practice account is unlimited and not limited to 21 or 30 days.
There are good reasons why eToro became one of the most popular Forex brokers in the world. Constant innovation and a consistent improvement are crucial for eToro’s success. eToro is recommended especially for new traders. But even experienced traders can use eToro without restrictions. Professional chart analysis is possible.
Sign up Today!
Sign up here and start following or copying the best performing Traders!
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WHAT IS SOCIAL TRADING?