Tuesday, February 22, 2011

FOREX tips

Hi,
the key to FOREX trading is this.

Join eToro I dare you....




No seriously now it is a great tool and makes FOREX trading easy.

1. Join up and start a practice account
2. Read the economic news
3. Look for big NEWS
4. once you are confident on the practice account convert to actual money
5. MAKE MONEY ... BIG MONEY

ie as an example OIL Price went up big time after the Libya situation as of 2011-02-22
why? because the region produces a lot of oil and any unrest in the economy could cause supply issues and hence a price movement up?
how to profit ? buy oil on the eToro FOREX trader.

Natural disaster ie New Zealand earth quake in Christchurch
big news for this economy with a massive need to repair this larger city interest rates were put down to ensure that the economy is not crippled by high interest rates. This expansionary monetary policy immediately saw the New Zealand dollar take a hit lowering a few cents against the USD
an economic indicator and therefore YOU can make this news into a profit by trading on eTORO accoringly.
how to Profit on this news? sell NZD/USD as you know the NZD is going down and you make a profit.

hope it helps and really i can suggest read my below post for more details on eToro

click on my link and begin a trading account.
Open a Free eToro account now!


TJ

etoro Scam? you must read this before trading FOREX




eToro – How to trade Foreign Forex, commodities & indices.
please read my personal review on eToro, you should not be concerned about the concept and eToro is not a scam. Read my Post below to understand why.


So you want to make money online with FOREX?

“eToro is a new way to trade Forex, commodities & indices. The eToro platform’s ground breaking design and visual interface makes the financial markets come alive in a way you have never experienced before. So whether you’re an eager newbie or a seasoned pro – join Etoros Foreign Exchange traders community and take your online currency trading to the next level.”



The global forex market has a daily turnover of $3 trillion - 40 times larger than the NASDAQ's

Forex Trading is nothing new, however the tools available to even the newest people to Foreign exchange trading is now making it so Easy to get into one of the biggest money markets in the world.

eToro is one Trading site I personally recommend and have setup my own account and begun a successful profit campaign.

What makes eToro so great is that you can set up a free Practice account allowing you a chance to gain an understanding of the platform, the trading techniques before putting a cent into your investment. Once you have gained confidence and have done your research on the underlying variables that influence the instruments you invest in you can proceed to deposit real money.

The great thing about FOREX trading is the opportunity to make profits on underlying positions both higher and lower than the SPOT market price.

Profit on the underlying commodity price going up

Or

Profit on the underlying commodity price going down.

I wont get into too much detail for now, long and short positions are financial terms that can be better taught by experts in the field. eToro has the tools required to get you started and trading in no time.

I fully recommend starting up a free practice trading account to begin with you have absolutely nothing to loose, then start a real account after you are confident with the concept.
Benefits of eToro
  • All it takes is a deposit of as low as $50 to get you started in the forex trading business (I would recommend appoximately $1000 to take advantage of the eToro reward program and ensure that you allow for unexpected movements. $1000 offers a reasonable buffer to invest with.
  • ETORO offer a range of leverages from as low as 1:5 to as high as 1:400, so you can trade with the leverage you're most comfortable with. Remember, leverage must be used carefully. The higher your leverage the higher your risk.
  • The eToro bonus reward program:
Your Deposit Your Bonus
$100-$399 $25
$400-$999 $100
$1,000-$4,999 $250 and qualify for a silver Trading Account
$5,000-$9,999 $500 and qualify for a Gold Trading Account
$10,000-$19,999 $1,000 and qualify for a Gold Trading Account
$20,000 and more 10% and qualify for a VIP Trading Account
  • Join the free trading account and communicate with Forex Traders
  • On the free trading account you get to compete and win real cash prizes.
  • Copy and paste the top investors trades for your own trades and leave the experts to make the decisions.
  • The interface is so EASY ideal for beginners like me.:)
  • For every friend you successfully refer to eToro who deposits a minimum of $100, you'll receive a personal bonus payment of $100. Your friend will receive an automatic referral gift of $50, that's $150 for you to share. There is no limit on using this promotion except the number of friends you have and who you think could benefit from the very best of Forex trading together with eToro.* conditions apply on this offer.
Negatives of trading FOREX:
  • FOREX trading is a very active form of money making, you must ensure you are watching and analyising the prices on a regular basis. It is not PASSIVE income you cant just let it ride you need to manage your trades daily.
  • There are quick gains to be had and of course quick losses are possible also compared to other forms of investment eg. blue chip shares which tend to have steading pricing.
  • You need to have some economic understanding and if you are not familiar with underling variables that may affect Forex, Commodities prices this concept may be a little daunting however ETORO gives you the tools and support to get cracking.
So in conclusion I can really recommend eToro as a great way to get into FOREX.

You have absolutely nothing to loose by joing up and to begin practice trading.

Also I have posted some more details about ETORO you are welcome to read more on ETORO from my post.
Of course as a final word - Happy trading and I wouldnt be doing my job if I didn't provide the below information best regards

TJ

Forex exchange is considered a complex instrument. Foreign exchange trading carries large potential rewards, but also large potential risks. You must be aware of the risks and willing to accept them in order to invest in the foreign exchange market. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Forex commodity interests.

PS: IF YOU DO DECIDE TO GET STARTED WITH ETORO PLEASE USE MY LINK AND LET ME KNOW WHEN YOU START AS I CAN ADD YOU TO MY TRADING FRIENDS , I WOULD BE HAPPY TO GET ADVISE ON FOREX TRADING ALSO.

see my contact details on the contact me page. TJ

eToro FOREX trader

eToro Review - Scam it is not



eToro – How to trade Foreign Forex, commodities & indices.

So you might think eToro is a scam?



Hi ,

So you still aernt to sure about eToro and think it might be a scam? I am confident that its not a scam. How you might ask? For starters it is always good to check out your local Financial regulatory site.

I looked up Finansininspektionen the swedish fincial authority responsible for supervising the financial market when I first joined up. I recommend if you do have any doubts on investment companies prior to investing make sure to check them out with the govenment authorities of your country. Typically of course if a company is authorised to trade in one country they are ok for other countries.

See link below for eToro search on the swedish financial authority site, but dont forget to come back :)
eToro trade under the name RetailFX which can be found on their website at the bottom
I also provide a screen shot of the Swedish Finansininspektionen search results for your benefit.

eToro is approved with the financial authorities

Ok so that should be it for me on eToro,

TJ

etoro introduction video

Monday, February 21, 2011

eToRO

eToro Snags a World Finance Award for Most Innovative Trading Platform 2010

The eToro platform, already a trader favorite, has now received a nod of appreciation from the financial trading industry as a winner of one of World Finance's prestigious annual awards.


eToro's (www.etoro.com) innovative approach to financial trading has been making waves for quite some time now among traders worldwide. The platform's user friendly graphic interfaces and wide range of ground breaking community tools have captured the attentions of novices and experts alike, who now take part in eToro's vibrant and active social trading network. With its open and daring approach, eToro has now managed to not only become one of the most popular trading platforms online, but to also receive a seal of approval from an already established financial institution.

“Our vision is to become the first global market place for everyone to trade and invest their funds in a simple and transparent way”, said eToro CEO, Johnathan Assia. “eToro already transformed the way people trade today, and we thank our community of over a million traders for helping us win this award that recognizes eToro's achievements in the financial trading arena”

World Finance magazine launched its annual World Finance Awards in 2007 with the goal of identifying industry leaders that represent the benchmark of achievement and best practice in the financial and business world. To determine the winners, World Finance magazine used an independent panel of judges headed up by Editor Alexander Redcliffe. The Panel followed up on the countless nominations, suggestions and contributions of World Finance readers to explore and analyze new trends in order to unearth the best and the brightest pioneers in the FX marketplace.

“We couldn't be more thrilled and honored to win this particular award,” said Assia. “To know that our platform was nominated and then chosen out of the hundreds of nominations is a sign that we must be doing something right. It is especially rewarding to know that our push towards innovation, which has been one of eToro's core values from the start, hasn't gone unnoticed. The challenge now is to keep innovating so we can have a shot at next year's award as well!”

As for eToro's community, they will certainly be thrilled to know that their platform of choice is leading the way in cutting edge trading technologies, and intends to continue to do so for years to come.

Open a free trading account with eToro to explore the benefits of financial trading