Learn Forex Trading

Learn Forex trading the fun way at eToro. This is the ideal portal for beginners, as it takes you through the whole complex world of the Currency market in the form of a video game and also offers you a great Forex ebook

EToro makes a game of it

eToro is not just another drab, one-way teaching portal. Its lively and interactive nature takes the fear out of money trading. Innovative graphics and interfaces that can almost be likened to ‘gaming’ ones effectively impart the concepts while keeping you entertained.

There are scores to keep you ‘playing’ and even cash prizes to be won at championships, to foster interest in learning.

Four trading lobbies

The platform has four trading lobbies, namely the Forex Marathon, the Dollar Trend, the Globe Trader and the Forex Match.

The first one lets you see your selected currency pit itself against a chosen rival in the form of a race. Pick apt characters to represent each main currency – for instance, a farmer for the US Dollar, a Sumo Wrestler for the Japanese Yen and a European businessman for the Euro, and see them run a marathon against each other, figuratively representing how your money is progressing comparatively. You can open multiple trades simultaneously.

In Dollar Trend, you predict whether the Dollar will go up or down against another currency, and see what happens. The format is similar to the Marathon, only you have buttons or coins instead of characters participating in a race.

The Globe Trader lets you graphically monitor trade between competing countries in a given trading arena, with provision for getting more details if required about government grants.

At Forex Match, your currencies are matched with each other in a tug of war.

The Forex platform awards points to participants and keeps a record of high scores, adding to the excitement. Online forex trading account. And before you know it, you’ve got the hang of Forex trading the play way.

Trade for real

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eToro has recently added a live trading option to its site. Choose the Trade for Real button instead of the Trade for Fun one, and you’re in business. You are given a real account, which you can fund using a credit card or wire transfer, and a Username and password. Use a free currency converter here!

There are some formalities to be gone through (as always when you start with Forex investing) for account opening and withdrawal of cash, but these are not intimidating in the least.

eToro is a nascent force, but already seems set to wooing a whole lot of fresh enthusiasts to the world of Forex trading. As the developers refine their product, who knows where it will take us?
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Online forex trading system.

FX Solutions is a Forex website that comes across as customer friendly.

It has a downloadable platform called GTS Pro or Global Trading System and a web-based one, called GTS Web. The website has four languages  — English, Spanish, Arabic and Chinese, while trading can be carried out only in English.

What’s on offer at FX Solutions?

You can go for a demo account with practice money valid for a month, or you can open accounts, either mini or Standard.

You also have the option of using either FLEXI leverage with a range of 1:50 till 1:400 or FLEXI contracts. Users can set the number of currency units they want to trade, starting at 1000 and going up to 100,000. Spreads offered are within industry norms.

Registering at FX Solutions

The registration process is slightly detailed, and may take a while to complete. After submitting the prescribed form, there might be a delay of about two hours before your account can be activated.

To make a deposit before starting you forex trading, you have a variety of options, including credit card, paper check, PayPal and wire transfer. An identification process has to be completed for the life insurance quote. Withdrawals, on the other hand, are more time-consuming, with the complexity depending on the chosen deposit mode. There’s also a fee involved.

The Interface

The screen may appear quite confusing at first because of the multiplicity of tabs. However once you look closely, you will see that this is actually a positive feature, because all actions are just a click away. For instance, at the click of a button you can cancel and reverse a trade. You also get e-mail and SMS alerts at various milestones, like stop trade activation.

Tools like Accucharts and GTS Charts help you carry out trading efficiently, though for the former you will need to switch platforms.

Some amount of training is offered on the site, you can learn about some basic forex strategies like carry trading, while more is available for a price on CDs and other modes. Customer support is good upto a point. FX Solutions does not provide personal account managers though you can hire trading agents to carry out your business for you.

On the whole, the site, which is technologically very sound, can be rated somewhere in the middle of the chart because of reasons like mediocre customer support and business terms that could be better.

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