Forex for Beginners

Published March 16, 2011 by OCR Editor

Forex for Beginners

eToro simplifies forex trading and offers $10,000 in virtual money to practice.

Perhaps you have thought that you would like to try Forex trading but didn't know where to start or were overwhelmed by the incredible volume of information that is available. The wealth of material online about forex can be off-putting to say the least.

New to Forex

The eToro investment network recognises that those new to investing and trading in currencies online can be easily discouraged so have made it extremely easy for beginners. Features such as graphic trade visualisations, user friendly interfaces, video tutorials, forums and personal trading coaches pave the way to making the financial markets open to everyone. Forex is admittedly not easy but it can be simplified and eToro is proof if this.

All these educational tools, designed to set you on the right path, are absolutely free and are sure to remedy even the most confused or sceptical traders. Actually one of the most outstanding drawcards of eToro is their free-to-use practice account so that you do not have to begin trading with real money.

Practice Accounts

Setting up a practice account is easy. First, you need to download and install the eToro platform on your computer. After you have launched the software, select the Practice Trading button, enter a few personal details and choose a user name.

And now you have $10,000 in virtual money to experiment with as a novice trader and increase your understanding of forex. Based on the previous experience you have with forex trading, you can use either the Expert or Visual Mode. It is possible to later switch between these modes as your confidence and knowledge builds.

Once you are ready to start trading with real money, simply open a real trading account with eToro and you are on your way!

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