ETORO the worlds largest social trading platform or just a big scam ?

EToro is now one of the best-known forex brokers, which is certainly also related to the aggresive marketing of the broker. But also the fact that the trading platform is available in more than 20 languages is likely to contribute to the broker’s awareness EToro has more than two million customers, which is a great value for the Forex broker. The company is headquartered in Cyprus and was founded in 2007. EToro has been regulated by the Financial Services Authority CySEC for quite some time. EToro has become well-known through social trading with the eToro CopyTrader, since the broker now offers one of the world’s largest social investment networks. Everything else you need to know about eToro including eToro experiences from our customers.

Etoro history

EToro is an international FX and CFD broker based in Cyprus, and has developed one of the largest social trading networks in the world in recent years. Through the OpenBook platform, traders can monitor, evaluate, and copy the trades of other users to their own trading account. Successful traders can earn money with many followers: eToro compensates active traders for the generated sales. Among the users who are experienced as traders with eToro are beginners in (social) trading and – with cuts – advanced. Among the signal providers are also professional providers.

+ Free demo account for all users
+ Good selection of trade values
+ Extensive customer support that answers all questions competently
+ Perhaps the best trading software on the market
+ Insight into the trades of the top traders, possibility to copy these
+ A very large and free educational offer
+ High maximum leverage 400:1 , very low trading fees

Our Experience with Etoro

Since a large part of the Crbanking.com team has been on eToro for several years as a dealer and investor, our eToro experience extends over a very long period of time. In the fast world of the Forex one sees many offerers fail, new offerers build their web presence and change support teams. On eToro this was not the case from the beginning.

The service to the customer was then and we still today, capital letter and is consistently good.

You may check it here: https://www.etoro.com/en/about/

The customer support can be reached via email, telephone and live chat, always very friendly and usually also competent. While it is often the case that pre-prepared answers are given in written communication, these are usually formulated so extensively that they are of great help. If you ask again, you will get an individual answer, which is specifically tailored to the question posed. Read the italian  Etoro review http://finanzablog.net/etoro-opinioni-recensione-e-una-truffa-o-no/ . In addition, there is the possibility to insist directly on the question, to get a personal response and the customer support team usually follows this requirement.

 

How To Find A Brokerage That Will Not Go Out Of Business Anytime Soon

Choosing the best  brokerage partner for your future investment activities can be quite hard.  Believe me, it is not a simple process because this market is crowded. It’s still very foreign currency brokerageimportant to take enough time to do a little research before you sign up for your trading account.

Here are some things you should check for when looking for the best forex brokers to suit your needs.


 

1. Trading Costs

The best forex brokers shouldn’t charge an upfront fee or commission for trading through their account. Forex brokers  are paid by charging you a spread. This is usually represented as a difference in price between the bid/ask price. As you enter the market, the spread is charged. You shouldn’t be charged again when you exit the market.

Always check the spread for each different broker to be sure you aren’t paying too much, as this could impact your total profitability.

2. Customer Service

Check that the broker you’re considering has access to customer service facilities in or near the same location as you, preferably within the same country. If something goes wrong with your account, you want to know you have access to technical support on the same time-zone as you when you need it most.

3. Demo Account

Some companies offer demo accounts where you can play with virtual money, risking nothing. Always check to see if the broker has a demo account option. This will let you place a few dummy trades using a mock account first to see how the broker’s platform works for you and your trading style.

Below is the updated list of the worlds most finest forex brokerages. **no guarantee*

RankingBrokerage name
1Oanda.com
2FXCM.COM
3FxPro.COM
4CMCMarkets.com
5Etoro.com
6Plus500.com
7IGMarkets.com
8Xtrade.com

4. Deposit Amount

The best forex brokers may not always be the right ones for your particular trading style. Those who advertise really low spreads may require high amounts of deposit from you, or may not offer the option of trading with micro- or mini-accounts.  Other brokers may require that you place a minimum number of trades, or they may only offer access to high-volume traders. High volume traders are needed especially for PAMM Accounts that are offered for example by HotForex broker.

Be sure you understand how much deposit (some US brokers require higher first deposit over $5k) while Cyprus based brokers like Etoro or Plus500 broker  require only $50 – $200 initial deposit which is fine for most small investors. Also be sure you check the regularity of trades expected and what size contracts (e.g standard lots are quite huge and can require higher capital starting from 10k and up) are expected through your broker account before you sign up.

5. Reputation

Last but not least do your own due dilligence and check the reputation of the company on internet. Go to forums like ForexPeaceArmy.com and read the stories writtenby real clients who have been trading with that company. You will quickly learn that not all firms are equal. Some are better than the others. Some are stop-loss hounters, some will never return the deposit (aka forex scammers) and some are just average bucket shop companies who are there to make quick bucks without providing serious service. Never forget that also big firms can go bust, which almost happened to FXCM in January 2015, although was saved by another bank just in time.

Read more> http://www.crbanking.com/how-to-find-the-worlds-leading-forex-brokers/

How to find the world’s leading forex brokers ?

forexbrokeronline
Image Source: FreeDigitalPhotos.net

Believe it or not the broker that a trader chooses to trade with can actually have a major influence on their chances of success or failure. This is because what is in a trader’s best interests is not usually in their brokers interest and what is in a broker’s best interests is not usually in their client’s. It is this fundamental conflict of interest that often leads to Forex brokers encouraging their clients to do things that are good for the broker but bad for the trader. The places where we most commonly find conflicts of interest between Forex BROKER and their clients are in the following three areas:

  • The use of leverage.
  • The frequency of trading.
  • Brokers not hedging their client’s trades.

 

The use of leverage,

It is certainly true that most traders need to use leverage as the value of most currency price changes on a day to day basis are so small that they need to be magnified in order for them to be worth trading at all but there is such a thing as using to much leverage. If one were to use leverage of 400:1 for example, then a price movement of just 0.25%, that is, just one quarter of one percent against them, would wipe out the entire balance of their trading account. Of course traders can use stop-losses much smaller than 0.25% if they want to, but the fact of the matter is that a price movement of 0.25% is so small that it is almost random. A trader using a stop-loss of 0.25% or less will find that even when they have picked the direction of the market correctly they still continue to lose as they are frequently stopped out by near random price movements that amount to little more than the market’s random noise. It is certainly not in any trader’s interests to be over-leveraged and over-leveraging is a sure way to lose ones entire trading account. But according to fsa.org most Forex brokers on the other hand, even most of the leading companies, like their clients to use large amounts of leverage, if they didn’t then they wouldn’t offer it to them.

For brokers, trade sizes of at least 1 standard lot (100,000 units of base currency) are the easiest to hedge and place directly into the market. Smaller trades of 10,000 units of base currency (mini lots) or 1,000 units of base currency (micro lots) are a lot harder to hedge as many financial institutions will not accept speculative currency bets that small. And of course there is far more profit to be made from the spreads of trades with exposure to at least $100,000 worth of base currency (standard sized lots) than there is from those trading mini and micro lots. However if you only have $250 in your trading account then you should not be trading standard sized lots. Just because your broker is offering you leverage of around 400:1 or whatever doesn’t mean that it is in your interests to use it. In some countries, most notably the United States of America, it is actually illegal for a Foreign Exchange broker to give their clients leverage of more than 50:1 and for good reason too. I would therefore recommend that forex beginners look for a broker that offers micro lots so that they can trade small volumes and not risk too much money.

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What percent of traders really do get rich on forex trading?

image3658
Image Source: FreeDigitalPhotos.net

Forex (foreign exchange marketplace) is recognized as the biggest market around the world because it obtains around $1.5 trillion worth of trades. It is the main reason why there are more and more people who are entering this industry and investing their money while hoping that it will make them rich someday.

Foreign exchange is the process of exchanging 2 different currencies. If you prefer to become a trader, you could make and earn money by simply purchasing British pounds. You can use US dollars in buying it then sell the pounds once the exchange rate increases. You can trade using most of the currencies but there are some which are commonly used in foreign exchange: US dollar, Japanese yen, Swiss franc and British pound. These currencies are considered as the best ones where traders could invest their money to gain higher returns later on.

Investing in foreign exchange will never require you to invest more of your money. It is because you can enter the industry and join the trade even if your money is only $200. This is the minimum amount of investment required so that a trader can create his or her mini-account on forex to start making and earning money.

If you like this.. you might also read this article.

Another thing that you should learn about foreign exchange is that you could trade whenever you want to, regardless of the time and day. Compared to stock markets that are typically closed during holidays and night, you can trade in forex 24 hours, 6 days a week. Forex trading serves as the best venture for all people who are employed in offices and other professionals who are working during daytime as this form of trading can be performed even at night.

Just like the other types of investment, forex exchange also has some risks that you need to keep in mind. This is the reason why you are permitted to open your free trial account which you can use in trading without the need to spend money. This account is the best means to test and use your strategies before using them inside the real foreign exchange marketplace.

With these facts, it is clear that forex is a way to make and earn money and it is one of the best ways for you to become rich someday. By simply knowing the dos and don’ts, there is no doubt that you could gain higher profits in the long run.

Who doesn’t want to become rich as Bill Gates or Steve Jobs?

If уоu wаnt tо bе rich аnd famous, уоu hаvе tо focus оn уоur strong points. Don’t dwell оn уоur weaknesses. Choose уоur strongest asset аnd build іt іntо а formidable asset.

Aftеr finding уоur heart’s desire, уоur bliss, dаrе tо dream big; dream thе biggest, boldest dreams thаt уоu саn thіnk of. Decide nоw thаt уоu wаnt tо bе phenomenal іn уоur раrtісulаr talent; bе thе bеѕt оf thе best; bе unforgettable. Fame doesn’t јuѕt happen. Yоu hаvе tо wаnt it!

Nоw translate уоur dream іntо twо manageable plans. First, develop уоur talent. Second, market it. Thеn continue tо reality-test аnd refine уоur plans. Create а feedback loop bеtwееn уоur іnnеr desires аnd imaging аnd thе outer world оf possibility, working аnd reshaping уоur talents аnd skills.
Tаkе action wіth unbending intent. Put уоur twofold plan іntо effect bу dоіng practical thіngѕ wіthіn уоur reach. Researched аnd rehearse thе talents аnd skills thаt уоu wіll nееd tо gеt attention. Fоr example, subscribe tо international magazines tо kеер abreast оf уоur chosen profession.

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What should a middle class invest in 2016 ?

Warren Buffet InvestmentIn today’s climate, thеrе аrе ѕtіll а number оf ways tо invest, whісh thіѕ article wіll cover now.

Fоr newbies tо investing, mоѕt people invest fоr twо main benefits.

Thеѕе are:

1) capital growth оf thе funds invested аnd
2) income generated frоm thе investment

Althоugh whаt уоu invest іn саn bе split іn numerous dіffеrеnt ways, I аm gоіng tо talk аbоut 3 dіffеrеnt types оf investing:

1) Investing іn companies: thіѕ саn bе thrоugh shares purchased оn thе stock exchange, whеrе companies pay уоu а dividend (income). Yоu саn аlѕо mаkе profits frоm thе change іn vаluе оf thе share оr shares уоu purchased (capital growth). Bear іn mind thаt thе vаluе саn gо dоwn аѕ wеll аѕ up!

It іѕ аlѕо роѕѕіblе tо provide private loans tо companies іn return fоr income оvеr а period оf time. Yоu wіll nееd tо bе а certified investor, whаt іѕ called іn thе UK а High Net Worth (HNW), аѕ decreed bу thе financial regulatory body оf thе time, previously knоwn аѕ thе Financial Services Authority (FSA)

2) Investing іn Assets – investors саn аlѕо invest іn assets, predominantly fоr capital growth оvеr а period оf time, but income іѕ аvаіlаblе оn ѕоmе investments too. Thе mоѕt popular оf whісh іѕ investing іn property, еіthеr residential оr commercial. Larger investors аlѕо invest іn land, еіthеr commercial оr еvеn agricultural, whісh іѕ раrtісulаrlу popular іn а volatile market lіkе wе hаvе today. Commodities attract mаnу investors tоо ѕо оnе саn аlѕо соnѕіdеr investing іn precious metals ѕuсh аѕ gold оr silver. Thеіr values typically rise іn а downmarket, аnd аrе аgаіn popular today.

Thеrе іѕ аlѕо а booming alternatives market whеrе уоu саn invest іn аnуthіng frоm films, stamps, wind/solar energy tо carbon credits!

3) Investing іn уоurѕеlf – finally іt іѕ аlѕо роѕѕіblе tо invest іn уоurѕеlf bу starting аnd building уоur оwn business! Thеrе аrе literally hundreds оf business ideas оut there, wіth investors еіthеr building businesses wіth high income levels, оr tо sell furthеr dоwn thе line аѕ а capital growth strategy, раrtісulаrlу fоr retirement purposes.

Sо wе hаvе briefly covered а number оf generic investing ideas here, whісh ѕhоuld hореfullу give уоu ѕоmе direction whеn searching thе internet fоr thе product thаt suits уоu best!

In furthеr articles, wе wіll delve іntо thе investing sector іn mоrе detail tо decipher whаt mау bе working аnd whаt mау not. It іѕ а case, I believe, оf understanding thе current market dynamics аnd forecasting thе economy based оn understanding economic trends аnd factors. Investors wіll thеn hореfullу ѕее thаt іt іѕ nоt аll doom аnd gloom, аnd іt іѕ роѕѕіblе tо invest sensibly, аnd profitably, оvеr thе nеxt fеw years.

Simple Tips on Choosing the Best FOREX Course

In order to be engaged in serious financial world, such as foreign currency trading, one is expected to undergo some training. Actually, a comprehensive FOREX trading course is what you need. A good FOREX trading course should explicitly mention all the basic skills that are needed to understand how the FOREX market works. The course should also educate you on capital management. Actually, a first timer may face a lot of difficulties in understanding the mechanism that drives this market unless he or she gets full training. The tips outlined below will help you choose the best FOREX course.

 

 

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Is Investing Into Foreign Currencies Right For A Newbie?

Forex is short form for foreign exchange. It refers to the market where various currencies in the world are exchanged with each other. In the forex market, you will find the Euro, US dollar, British Sterling Pound, Japanese Yen, Indian Rupee and South African Rand among other currencies. 
Forex trading is so far the most liquid market in the world. This is because people always need to exchange one currency for the other. Importers for example need to pay for the goods they are importing in the currency of the country that is supplying them with the goods, they will therefore have to exchange their domestic currency into the currency of the other country when paying for the goods. People who are employed by foreign organisations may also need to exchange currencies in case their organisation is not paying them salaries in the form of their home currencies. In addition, people who travel to other countries for purposes such as business or tourism also need to exchange currencies.

 

 

Forex trading has no central control unit or headquarters. It is a business that is conducted over the counter by financial institutions, central banks, corporations and even individuals. There are also online forex market brokers.

“The lack of a central control unit therefore means that very little supervision is involved in the forex market.”

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