Tag Archives: Learning

General Forex

Novice to Pro : eToro’s Journey on the Forex Learning Curve

If we take a look at the development of eToro, both in terms of the eToro platform and the services it provides, its path in the forex industry very much resembles that of the forex trader. eToro started out with the stated purpose of introducing novice traders to the forex market and making their transition into forex trading as smooth as possible.

The platform accomplished these goals through the innovative use of trade visualizations which made the workings of the forex market visible to the trader in the shape of marathons, world trading centers and other graphic representations. By looking at how the market works, novice traders could grasp forex trading more quickly and easily. Of course no novice trader can understand the forex market just by looking at how his positions function in the market, so eToro also provided novices with plenty of guides, video tutorials, glossaries, community tools and practice opportunities.

The strategy paid off big time. Traders from all over the world flocked to eToro more than to any other platform because they could start trading with a small deposit and gradually pick the necessary skills to trade currencies. With the novice trader market covered, eToro started realizing that just as their traders were becoming more advanced with time, so do they have to start incorporating more advanced trading and analysis tools and appealing to a more advanced public of traders. To do this eToro created the eToro “expert mode” – an all in one advanced trading interface that incorporated advanced charting tools with user friendly interface design.

Here the most advanced traders could get all the forex data and technical charting info they could possibly want with the click of a button. The intuitiveness of the eToro interface made forex trading more comfortable than ever, so advanced traders had no qualms about leaving their old trading platforms to start trading in an environment where they could concentrate on market analysis rather than on the workings of the platform itself.

Now, with the addition of trading orders to the platform, eToro has fully transitioned into professional forex trader territory. The platform has also recently added commodity trading and a wider range of leverages to its already impressive selection of trading options, making it more appealing than ever for traders who seek variety and flexibility in their trading platform. Novice traders are still finding the platform as accommodating than ever, and eToro has also developed the Top Traders’ Insight tool to help them learn the ropes from the pros. The tool enables traders to see what currencies are being sold or bought by eToro’s top 100 profiting traders so that they can both emulate their trading decisions and analyze them as strategy guides.

Just as a forex trader must at some point take their trading to the next level, so did eToro take its trading capacities to the next level. There is a lesson to be learned from eToro’s overwhelming success – and that lesson is for forex providers to always evolve and seek to accommodate more kinds of traders. eToro has thrown down a massive challenge for other forex providers, and we shall have to look to the future to see if any of them manage to stand up to it.

Market Analysis

Start Learning How To Make Money Online Today

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Working from home is most people’s dream since you can work your own hours, in your own home, and never have to worry about what you have to wear to the office.  In fact, if you have the proper focus, you can even start working from home in bed, which is surely more comfortable than an office chair.  Of course, before you can start working from home full time you are going to have to know how to make money online since this is the predominant fixture for people who are working from home.

There are many ways that people today make money online.  One that you are probably familiar with at a basic level is eBay.  Many people purchase items they find in clearance racks at wholesale or lower prices, and then let the bidding wars on eBay earn them a decent income working from home.  Of course, if you want to do this you will have to spend some time outside your home learning the best places and methods to obtain items cheap.  Which, is kind of the point of eBay, but there are people who make money online quite well this way.

You also might consider selling your skills to make money online.  What this means is that you find projects from people who need your skills, and complete them in exchange for money.  There are a wide variety of websites where freelancers can meet with clients to make money online by accepting projects or bidding on projects they have the skills to complete.  This is true of everyone from web programmers, designers, and even writers.  Basically, if you have a skill there is probably a way to market it so that you can make money online and be working from home at the same time.

However, one thing you have to remember is that no matter which way you choose to make money online, nothing will work for you unless you have a strong will and work ethic.  There are no easy shortcuts to make money online, so if you want to start working from home you will need focus and time management skills.

General Forex

Learning Forex Trading

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Forex trading is a sure draw card for people who believe they have the wits and intelligence to make a success of buying and selling foreign exchange. It is a way of turning very small amount of cash into a very great deal of money. It is also, if you miscalculate, a way of losing a very great deal of money! However there are ways of approaching this, with your feet on the ground, that minimise the risks and can turn a fascinating hobby into a money making machine.

The most important thing is never to overestimate how much you know. If you diligently search for knowledge you will find it. There are people who have made a success of forex trading who are prepared to help you along. Some have websites and will sell you instruction packages to educate you into the mysteries of trading in foreign exchange. Others will offer courses and tutorials and ‘webinars’ to give you guidance. You will have to carefully assess what they have to offer before you make up your mind on one method. To start with, try and find out everything you can about the foreign exchange market. You will find plenty of information online and there are books and other publications available as well as real life lectures and seminars. Opinions and styles differ greatly, but teach yourself to sift the grain from the chaff. Go into people’s personal records. If they are transparent about this, it is a good sign. Many blogs and opinion ratings are available, and there may even be reference letters available from satisfied clients. The more you educate yourself first, the better choice you are going to make during your first steps as you begin to navigate foreign exchange buying and selling.

In order to be able to buy at low prices and re-sell later at higher prices, which are the whole principle behind successful forex trading, you are going to have to be wide awake to world trends, politics, finances and even natural forces! The slightest shake up in any country has an effect on its currency. If you tend to be proactive and hover on the cutting edge of breaking news, and consistently have shrewd predictions of how things are developing in different parts of the world, then you are the right type of person to take advantage of the money to be made in foreign exchange trading. This is no hunting ground for emotionally motivated people who believe in ‘luck’. You need a cool, clear head. You also need courage and discipline.

When you start the trading, let your ventures be cautious at first, and the amounts of money small. As you find your feet, your confidence will grow, and your trading will be wise and sure. You should never go way out of your depth on a wild ‘get rich quick’ venture. When your strategies work, stick to them. When they don’t, analyse why they don’t, and be quick to abandon them or to change them. Remember, a key business principle is to direct your money to your proven profit generating activities, not where people tell you it should work.

General Forex

The Top 10 Reasons to Buy Forex System Software When Learning to Trade

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The international Forex market has evolved in recent years to provide access to millions of people around the world. Due to the technological advances seen in just the last ten years, people with a small amount of money can now take advantage of the enormous around-the-clock trading opportunities and liquidity offered by the Forex market.

While a basic understanding of currency trading is not required if you choose to use some of the automated Forex trading software packages, the fact remains that the more knowledge you have of the Forex market, the better off you’ll be when you begin to trade with your own money.

While you may be able to educate yourself about the Forex market from information available on the Internet, you would probably make much more progress in a shorter amount of time if you buy Forex system software and study its features. Most programs currently on the market come with detailed explanations of market mechanisms as well as a general overview of the Forex market.

What follows are some of the top ten reasons to buy Forex system software to learn to trade:

1. The hard work is already done. Forex system software incorporates knowledge distilled over a long period of time by many people, giving you the benefit of their research.

2. You can learn technical analysis. Most Forex system software used for trading comes with educational material. If you download MetaTrader for example, a total of thirty technical indicators are included in the MetaTrader terminal.

3. By studying the particular trading system used by an expert advisor software package, you can learn how the software determines entry and exit points in the market.

4. Learn how to chart. Although it may not be necessary for you to undertake manually, the principles involved in charting prices and identifying technical chart patterns can be invaluable to any Forex trader.

5. Enjoy greater peace of mind. By being informed and educated on the trading process and understanding your trading system, you will have much more peace of mind.

6. Learn from a dispassionate teacher. Forex software packages rely on objective market conditions to generate trading signals and avoid human psychological issues.

7. Prevent costly mistakes. Once you have gained the knowledge necessary to trade by studying your software that was programmed by a Forex expert, you can avoid costly mistakes that beginners commonly make when they start trading.

8. Develop your trading acumen. By studying the software’s parameters, you can broaden your understanding of the currency market giving you more confidence when trading.

9. Gives you original trading ideas. Learning a particular trading system will help you set up your own system once you have an understanding of the process the software uses to evaluate market data.

10. You won’t have to take expensive courses or attend a costly specialized school to begin to learn the intricacies of trading the Forex market.

Basically, once you buy Forex system software, you can begin educating yourself as a Forex trader in combination with researching the market on the Internet. Getting an education in Forex trading was formerly only available to those lucky enough to apprentice on a Forex trading desk at a bank or other financial institution or who could afford to take a costly course. Thanks to Forex expert advisor software, the world of Forex trading will never be the same.

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General Forex

Learning Forex Trading The eToro Way

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The eToro platform was founded with the notion that forex-trading is not as complicated as it may seem. With the ingenious use of visual trade representations, eToro gives traders the chance to learn forex trading as they trade. The visual animations show novice forex traders how the forex market works and how their positions react to market movements in a creative and educational way. By practicing with eToro’s demo platforms, novices can learn forex trading from experience without having to pay for expensive and extensive forex trading courses.

That however is not all. In order to complement their educational forex trading platform, eToro puts a wide array of educational tools at their clients’ disposal. The eToro forex trading guide, for example, teaches traders the basics of the forex market using simple terminology that requires no previous forex knowledge. The guide explains the basic concepts of forex trading, lays out useful facts about the forex market, and lays out common trading strategies and market analysis techniques.

Recently, eToro has developed a more advanced learning tool in the shape of the eToro forex e-course. The eToro Forex Matador course is built in the shape of individual weekly lessons that tackle forex trading from the ground up. The lessons are designed to help novice traders evolve their trading skills from the basic beginner level to more a more advanced stage of trading and market analysis. Like the eToro forex guide, the eToro e-course explains all trading concepts with clarity and simplicity so as to make sure that are traders are able to understand the most advanced theories without any prior forex education. The eToro Forex Matador e-course is available for free to new eToro real trading account holders. For specific terms and conditions please contact the eToro support team.

Finally, to complement their structured educational tools, eToro also invites traders to participate in forum discussions and live chats with other members of eToro’s diverse and fast growing community. The knowledge of other traders is a priceless informational resource that traders can easily tap into by using eToro’s community tools. With this large array of educational opportunities, the eToro platform eliminates the need for any external aid in learning forex trading, which can be both costly and time consuming. The eToro platform is an open invitation to anyone who’s interested in financial trading and would like to learn the ropes quickly and painlessly.