Etoro Review

Merging Video Game and Forex Trading Through the eToro Platform

The eToro trading platform is the newest and the easiest Forex tool available today. eToro combines learning and fun so you can master Forex skills quickly. Through its graphic based platform, understanding Forex trading would be easier.

Makers of eToro ensured that their Forex platform will be interactive, community oriented, and lively. The seriousness of Forex trading was merged with the elements of online video game. Even a small child would be attracted by the lively interface of eToro platform.

The best thing about eToro is the ability of members to compete with each other. This strengthens the social network nature of eToro Forex. Top traders are also rewarded with cash prizes.

The Forex Marathon Area

There are four trading sections or areas in eToro. Forex Marathon is the first trading area. The Dollar, Yen, and Euro are represented by characters. The farmer represents the Dollar, a sumo wrestler for the Yen, and businessman for the Euro. Just pick a currency you want to buy. Choose another to compete with your chosen currency then select the Open Trade option. A marathon representation will be presented to you. The marathon will show how your chosen currency is coping at the race with competing currencies. It will be fun to watch the characters race to the finish.

You can also open multiple trades in eToro. Simply return to the lobby area, and choose currencies you want to trade. You will be able to see all your open trades with simple clicks of the mouse. At a glance, you can see the current currency movements and determine if you are gaining at the market.

The Dollar Trend Area

The Dollar trend area specifically pits the dollar against other currencies. You will be able to choose the specific movements of the US Dollar and choose another currency to trade against. The currencies are represented by Coin graphics and they will race to the finish line. The look and feel would be similar to the Forex Marathon area.

The Globe Trader Area

The third area in eToro is the Globe Trader. Trading is represented by the global map. When you start trading, you will see a wire signal between different countries. This means the trade is open. You will be able to see detailed information about the situation of your trade through an info box on the wire signals. You can determine now if you are gaining, profiting, or losing from your trades.

The Forex Match

The last graphical area in eToro is the Forex Match. This is a tug of war representation. You can see different currencies in a tug of war match. You can easily determine if you are winning on your open trades. A currency that can pull other currencies is stronger. And if you are trading on that, then you are the sure gainer.

Your open trades at eToro platform will remain active until you close them. If you log-out and turn-off your computer, your trades will still be open. Trading will automatically cease if the market closed on weekends. But you can run trades based on historical data. This is to allow you to practice or run your strategy when markets are closed.