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Etoro as my first Forex Trading Platform
To those who don't know anything about Forex trading this can be your first step to get started to learn about the Forex Market and get some money at the same time.
Etoro is a user friendly Forex trading platform and at the same time is a social network. This means it combines a basic and very complete virtues of a Forex platform with a interactive interface with other users in the network.
-Create an account-
Etoro makes account creation so easy, that i think that almost any person in the world will be able to understand how to create an account.
To do this you will have to choose one of three options, signing up with a Facebook account, Google+ account or simply creating one with your Email account.
After your account is created, you will need to verify it, not only with your email account, but also with an ID or passport that proves your identity.
-Deposit or Demo-
This step for most of us will be the hardest step. Not only because its out money that we are talking about, but also because probably you are new in Forex Trading.
To start making some money we gonna need to learn about Forex Trading, i suggest you to read the basic information of Forex. What is?, How it works?, What is technical analysis?, What is fundamental analysis?. These are what i think the best 4 questions to start learning about this market.
Etoro also have a demo account segment, where you are able to make trades without spending any of you money. This is very helpful because we can start practicing strategies without any risk of losing our bankroll. You don't need to deposit any money to use the demo.
-Copy Trading-
Etoro has a unique way of combining the social world with the trading market. The platform let you copy any other trader in the platform without giving them a dime of your money in exchange. This means that if the trader have "good trades" this will translate in money for you. The platform let you do the same trades of other traders in proportion of the money that you invest on them, plus the leverage you've picked when you open the trade.
Down side is that you need to put a minimum of US$100 on the investment.
Upside is that if the trader you picked is continuously making good trades this $100 will become a "profitable" investment.
-The first trade-
Now everything is slightly less scary than yesterday and on, and on. At the end of the month i was ready to Invest in my own trades. Obviously small trades, using only the minimum trade that is US$25 per trade.
Start small, low risk, low profits.
Use all the information that you researched to pick any of the available trades to next wait what for happens.
The platform is very user friendly to everyone. They have a web-trader in which you have the options to pick any of the trades available in the market and a social network site with specs and everything of your performance over time.
When other traders start following you, then you start reaching for some social-media milestones to get the bonuses.
-Conclusion-
Etoro proves that is not that hard to start investing in the Forex Market. It really is a good way to try your way in the investment world. Also if you have skills of marketing you will be able to sell yourself in the social-media world that it is. Incredibly easy to use.
RATE: 9.0
SIGN UP IN ETORO
-Create an account-
Etoro makes account creation so easy, that i think that almost any person in the world will be able to understand how to create an account.
To do this you will have to choose one of three options, signing up with a Facebook account, Google+ account or simply creating one with your Email account.
After your account is created, you will need to verify it, not only with your email account, but also with an ID or passport that proves your identity.
-Deposit or Demo-
This step for most of us will be the hardest step. Not only because its out money that we are talking about, but also because probably you are new in Forex Trading.
To start making some money we gonna need to learn about Forex Trading, i suggest you to read the basic information of Forex. What is?, How it works?, What is technical analysis?, What is fundamental analysis?. These are what i think the best 4 questions to start learning about this market.
Etoro also have a demo account segment, where you are able to make trades without spending any of you money. This is very helpful because we can start practicing strategies without any risk of losing our bankroll. You don't need to deposit any money to use the demo.
Something that I would allow me to say is that the most
positive part that has Etoro is the speed with which you can deposit and withdraw
funds from your account. You should only use a verified PayPal account for
which you are going to manage the entry and exit of funds from your Etoro account.
-Copy Trading-
Etoro has a unique way of combining the social world with the trading market. The platform let you copy any other trader in the platform without giving them a dime of your money in exchange. This means that if the trader have "good trades" this will translate in money for you. The platform let you do the same trades of other traders in proportion of the money that you invest on them, plus the leverage you've picked when you open the trade.
Down side is that you need to put a minimum of US$100 on the investment.
Upside is that if the trader you picked is continuously making good trades this $100 will become a "profitable" investment.
Etoro gives them
these traders that are being backed bonds when they reach a milestone.
-The first trade-
Now everything is slightly less scary than yesterday and on, and on. At the end of the month i was ready to Invest in my own trades. Obviously small trades, using only the minimum trade that is US$25 per trade.
Start small, low risk, low profits.
Use all the information that you researched to pick any of the available trades to next wait what for happens.
The platform is very user friendly to everyone. They have a web-trader in which you have the options to pick any of the trades available in the market and a social network site with specs and everything of your performance over time.
When other traders start following you, then you start reaching for some social-media milestones to get the bonuses.
-Conclusion-
Etoro proves that is not that hard to start investing in the Forex Market. It really is a good way to try your way in the investment world. Also if you have skills of marketing you will be able to sell yourself in the social-media world that it is. Incredibly easy to use.
RATE: 9.0
SIGN UP IN ETORO
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