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User guide for eToro forex trading platform

October 24, 2009

The eToro ForEx software is the simplest ForEx trading software which can be used by anybody. Even if you have the least knowledge about ForEx trading, its graphical user interface is easy to understand and the tutorial is designed to help you and sharpen you with ForEx trading skills. Using quality software as this, you can trade like a pro within a short span. Its professional tools are designed to provide accuracy and reliability. It provides its users with an approach which is professional yet fun.

How it all started

Located in Cyprus and founded in 2006, its clear strategy attracted a wide number of people. It’s one of the most sought after online trading program people look for. One of the pioneers in online ForEx trading and still the first choice of a vast majority of traders, eToro continues to aim at making this software available to even beginners without any complexities. It is still the first-choice software for all the expert and experienced ForEx traders.

What is eToro?

It’s an online trading tool for real time transactions. It’s about buying a currency and selling another. It allows its users to determine the value of a currency by the end of a certain period. Rules are simple: buy at lesser values and sell at more. Though it may sound a bit complicated, it’s not that complex at all. eToro makes it so simple that even a beginner starts doing ForEx trading like a pro right from the first time. It has earned its reputation in a very short time and is continually increasing its popularity amongst traders worldwide. Its live demo, free trading, tutorials, glossary and step-by-step elaboration is a boon in trading industry. It has made trading so simple for laymen. What’s more? You don’t have pay any commission to eToro. Everything you trade is all yours! Furthermore, its completely legal and with some practise you can earn a lot.

Advantages of using eToro

eToro is a user friendly software which provides a self-explanatory platform to its users. It provides its users with different tools which are easy to use and with its guide and glossary it makes it easier for even a beginner to understand and play like a professional. Though there are many other software available in the market to compete with it, it’s is still the preferred choice by a majority. Its chat feature is an awesome one wherein you can chat with other traders, take tips and discuss any trading point you have. Its customer service is one of the reasons why eToro is popular as it provides support even on weekends. Its graphical interface is not complex at all. It merges all the information and shows it in the simplest form as to be understood by anybody. If you don’t want to spend any money, this software is available for free download and you can use it completely without any obligation. You can learn the tricks and when you are ready to use the software, you may deposit the amount you want to start trading with and then trade for real.

Minimum system requirements

Windows operating system: windows 2000, Windows NT, Microsoft windows Xp or Microsoft windows Vista.

“How to’s” for new users

Once downloaded and installed on your computer, the application will run by itself and show you two modes: ‘Trade for Real’ and ‘Practice Trading’. If you want to practice a little before using the software for real, you may go through ‘practice trading’ which is aimed at honing the skills of a beginner and self-explanatory.

Once you are ready for the real thing, you must click on trade for Real. After clicking on it, it will give you a screen to enter your existing user name or open a new account. As you are new to it, you must click on “Open new account.” Then you will be prompted to fill a form which includes your personal information like your name, date of birth, email, address, phone etc. After entering all the information, submit the details by clicking on Submit button. Once submitted, you will see a screen containing your chosen username and password. It will also tell you that an email has been sent to the email you filled in the form containing these details, in case you need it later.

Click on Login to start trading. It will give you two options: ‘Visual’ and ‘expert’ modes. If you are an expert, you may choose expert mode otherwise it’s advisable to choose visual mode which is made to make things easier for novice. To start trading, you need to deposit money in your account. Minimum amount you can deposit is $50 and minimum trades are of $25. Once you deposit this amount, your account is opened with one of the two ForEx brokers: Retail Fx or IFX markets.

How to deposit money in your account

Once you are logged in to your account, go to deposit option in account balance. There are many ways through which you can deposit money to your account. You can use your credit card, wire transfer, though paypal, transfer through Western Union, Moneygram, Webmoney or Neteller.

Additional features of eToro software

Trading Log: Whenever you want to see the history of your activities, you may go to trading log and click on “history.” You may also click on “active trade” to see your active traders. You can also close a trade from here.

Championship: Championships are organized in etoro trading community monthly and offer great earning potential. To take participation in the championship, you may go to “community” tab and then click on “championship.”

Forums: This software also includes a chat and forum feature so that you can chat with other users and discuss anything you want. To chat with other traders you may simply click on “community” tab and select “chat.”

Deposit Bonus: Users get a deposit bonus depending upon their own deposit. When they deposit money for the first time, they get a bonus on their deposit which can be as much as up to 50% of their total deposit. So if you make more deposit, you will get more bonuses with a maximum limit of $200.

Overall, if you are looking for good trading software which can provide you with a platform where you can learn and earn, eToro ForEx trading software should be your first choice. It’s easy to use features and help tutorial are class apart and don’t leave you wondering what’s next. It can also be learnt in a way as if you are playing a game which makes it more interesting and keep you attached with it. Not only does it give you a liberty to use this software as per your discretion but also allow you to discuss with online users anything trade related thing you have in your mind. It provides an easy to reach customer service which takes cares of all your questions and queries in a professional manner leaving no scope for any confusion.

The developers’ extensive research and the resultant programming panel make sure that you get an awesome competitive service wherein you are not only satisfied initially but also for a long term so that the trust you gain with them does not fade away with time. It provides you with the tools which are not just at the cutting-edge but also provide you with the feasibility of various options to choose from. Still being the most selling online trading software, it has kept its reputation intact and is one of the most preferred choices for any trader. So it’s time that you download it and try it for free.

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