Forex is a high risk, high reward investment. While it’s possible to make a ton of money trading forex, it’s also possible to lose as well. That’s why practice makes perfect. And in this business, knowledge, experience, and skill makes all the difference.
Forex is investing in currencies on the foreign exchange market. Based on the fluctuations of different currencies around the world, one can buy and sell money from around the world for a profit. The new age of technology has connected the world better than ever, making it possible for almost anyone to participate in this market. However, it’s important to understand the risks and do your research.
I’ve been practice trading with eToro for several months in order to learn more about Forex trading. I must say, they have a really innovative way to teaching you about trading forex online.
Not only do they have a complete Forex trading online education center with videos, guides, and webinars, They also allow you to start with a practice account funded with $10,000 practice dollars so you can learn about trading forex without the risk. This way, you can put the knowledge they provide to practice before you jump in.
When you’re ready to start trading, eToro offers awesome deposit bonuses, no roll over fees, no commissions and low spreads.
Check out their bonus reward program:
There’s potential there to get up to $10,000 on your initial deposit!
The other tool that I really like is that eToro has launched a new social trading platform. This is a tool that allows you to actually follow and copy the investments of other traders investing with eToro.
I found this to be an awesome tool. I could pick the highest performers from the entire network and copy their investments. You can use this with their practice trading platform as well, so you can really test out how it works.
Check out this video below to see how copytrader from eToro works:
It’s pretty awesome!
Copytrader is easy to use and I find it to be a really valuable tool for keeping up with the best traders. One Cavaet I would mention is that you still want to do your own research and studying. I can see how the copytrader tool can lull someone into a false sense of security.
If you’re interested in learning about the forex market, I would suggest opening a free practice account with eToro. You can take advantage of all the learning tools they have to offer and have a ton of fun practicing with fake money while you learn.
If you’re a more experienced trader, you can jump right in and take advantage of their deposit bonus by opening a free account as well.
Overall, eToro has a number of winning tools and advantages for everyone.