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Sinceits establishment, the forex market had been a highly specializedtrading ground for speculators with formal training and many years ofbitter experience. And even as electronic and online trading took theplace of traditional offline trading, the lack of accessibility to theforex market remained. Most people were still frightened byovercomplicated graphs and charts and by foreign industry lingo. Thishesitance leads to the isolation of the forex trading market from thewide public. Thefounders of the eToro trading platform have obviously noticed that theforex market has significant advantages for the amateur trader incomparison to other financial markets. The forexmarket is less complicated because it revolves around 8 main tradinginstruments. The forex market operates 24 hours a day, with theexception of weekends, which means that traders can react to trends andnews as they happen without waiting for the bell to ring. The forexmarket offers a greater range of leverages meaning that a forex traderdoes not have to invest huge amounts of capital in the market, since itis customary for forex dealers to offer leverages as high as 1:400. Thefounders of eToro also understood that the obstacles preventing mostpeople from becoming full fledged forex traders are really an illusion.With this in mind, eToro have developed a unique and cutting edgesoftware that implements a simplified approach to forex together withsuperb trade execution. The eToro platform provides traders with theoption to view various creative visualizations of their, for example,watching their currency of race against others in a forex marathon andothers. The general principles of forex are all present in thevisualization, except that instead of monitoring a dry factual chartthe traders see the progress of their trade in an engaging graphicmanner. This way the traders gain experience and absorb the principlesof forex trading without having to actually study forex. Somuch for novice traders, but eToro have also realized that seasoned andprofessional traders also have trouble finding a comfortable platformand the right trading conditions for them. To resolve their distresseToro have designed a trading interface that combines all the tradingan analysis tools a seasoned trader can utilize in one user friendlyscreen. In the same screen traders can easily edit their tradingorders, view charts of currency pairs and of their own trades, catch upon forex news and plan ahead with a download forexevent calendar. Furthermore, eToro also provides a "one click trading"mode in which traders can open trades by literally clicking one button.eToro also provides excellent trading conditions such as leveragesranging from 1:10 to1:400, lowest initial margin requirements of $50only, and low spreads of only 2 pips on most major pairs. eToroalso keeps up with the internet's community based approach andtherefore provides its traders with web 2.0 style community tools. IneToro's community panel traders can head on to public and private chatrooms to discuss their trading activities, and participate in free toenter trading challenges. In addition, eToro's community providestraders with one more essential tool the Top Traders' Insight. Thistool shows a live updated list of the 10 most popular currency pairs astraded by eToro's 100 most profitable traders. What this means istraders can simply peek at what the pros are doing instead of botheringwith their own analysis. Mostimportantly, eToro is committed to progress. eToro have alreadyreleased 4 versions of their platform each time adding more usefultools and refining their inventive yet simple trading approach. Thiscommitment ensures that eToro will remain at the forefront of the forexrevolution for a very long time to come.
eToro,the,Forefront,Forex,Revo