Tuesday, February 22, 2011

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

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