Etoro's forex trading platform is revolutionary in every way. Now we all like to play games once in a while, whether were 40 or 20 years of age. The forex market platforms have gotten to be very technical and boring over the last couple of years, and quite frankly, staring at all those numbers and charts while trading forex can get to be a bit monotonous.
Hence Etoro's trading platform was born. The trading platform displays a unique and very visual set of tools that allows the trader to focus on his/her strategy, not the mechanical motions of cumbersome trading as seen in many platforms. They have gone a long way to simplifying Forex Trading by creating a fun and game-like platform that puts some excitement back into currency trading online. The user interaction, the sense of a community participation, and the video game graphics all make eToro well worth a good look.
Whether your a novice trader, or a professional alike, i think you'll like what eToro has to offer with their trading platform. The experience itself is quite fun, and they also have a more competitive platform mode for more experienced traders referred to as expert mode. I think the platform goes along way to introduce many potential traders who are currently too timid to step into the forex market, as the learning curve as we all know is very high when it comes to forex trading.
The Etoro lobby has four trading areas for you to choose from. They are the forex marathon, with a competitive action figures competing in a marathon, each representing a different currency. You simply select the currency you would like, find the currency you would like to compete against, then determine the amount your trading and open your trade from the button at the lower bottom right of your computer screen. You are now watching your character, or currency race with its trading pair to the finish line.
You have the opportunity to open additional trades this same way, and run them randomly. You can view all the trades within a screen called My Open Trades and you will easily be able to determine what is going on with each of your trades in each of the four trading areas, providing you with details of your currencies running amount, your profit and your loss.
The second trading area is know as the Dollar Trend and is also accessible from the trading lobby. You decide if the dollar will rise or fall and the currency to pair it against for trading. This has some similarities to the Forex Marathon area and previously discussed, but the graphics are very different, representing a coin instead of a human figure.
The third area in which you can currency trade in is the Globe Trader and you will see a wire signal that corresponds to your trade and the competition is now between the countries on a map. There is a small box above the wire that will give you additional information to how your trade is doing with the specifics located at the lower left of the map.
Forex match is the last of the four trading areas. It represents a tug-of-ware scenario in which the currencies are pulling against each other. This is an area were sure you will find very entertaining and your sure to spend lots of time here. All trades will need to be closed out before you leave the site, or they will continue to remain open. There is a trading log that details all your trading activity.
eToro not only has an innovative platform, but they have a no commission policy, you can trade commodities, and they have a practice account in which you can setup in minutes and start having some fun with their graphical interface. eToro is an innovative Forex trading platform that clearly has simplified the process of trading currency pairs by creating characters that represent those pairs. The Israel based company has found a solution for those complicated concepts and graphs in most foreign currency platforms and have developed and fun and friendly platform were sure you will enjoy. |