Etoro Forex Review

Etoro Forex Review

Etoro Forex Review

Forex or (foreign exchange) has in a short span of time become the largest arena for money exchange around the globe. In essence, Forex is the name given to a process whereby one nation's currency is exchanged for another. It is estimated by independent sources that around $ 1.9 trillion is exchanged daily in this trade which dwindles the US equity and treasury in comparison. Forex trade is not restricted to a physical location and operates via a patchwork of banks, entrepreneurs, corporations and individuals who are exchanging one currency for another in hopes of earning a healthy profit from the exchange rate. This allows forex market to operate on a 24/7 basis throughout the year.

Etoro Forex

Etoro Forex was created with the sole ambition of simplifying the forex trade procedures for the people indulging in it for the first time. Forex trade initially can be quite overwhelming with all of its intricacies and circumstances that require acute acumen for such trading. Forex has a learning curve that might prove even tricky for stock market brokers who are always elbow deep in such trading.

Etoro is a platform which provides a visual representation of each and every aspect of forex trading. These visual representations are compiled in an easy to comprehend format of videos and image that faithfully replicate the progression of trade. The representations are meticulously crafted and operate on the principal of learn as you see. Etoro is quite famous for making forex trading fun for users by incorporating innovative themes and usage of interactive graphics. This nifty platform is ideal for investors (novice or experienced) as it provides them the ability to register an account with only $50; the online signup process is simple and easy. The deposits can be made using any of the following methods:

1) Standard Credit Card

2) Wire Transfer

3) Paypal

4) Western Union

5) Money gram

6) Netteller

The dividends are very appealing and start from 10:1 and ascend higher, but cautionary words for the novice! The higher the leverage used the more risk factor it shall involve. Etoro platform is available in downloadable format and web based environment which is ideal for needs of traders that vary significantly from one another.

The best part about Etoro platform is that it has no worrisome disadvantages or cons associated to it. People who have been using it irrespective of their being novice or seasoned traders are singing praises of it.

According to users, Etoro has made the dry and complex process of forex trading which has its fair share of tense moments as easy and enjoyable as playing a video game. Etoro already has a legion of tens of thousands of satisfied customers that vouch for its flexibility and ease of use.

Another feature of Etoro which is getting rave reviews is the provision of practice account with live market rates. A first timer can rest easy and learn the ropes taking comfort in the fact that it is a practice account with nothing tangible on the line.

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