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Thursday, May 19, 2011

etoro - Review

etoro is an online platform that provides currency exchange investors a platform for learning and participating in the global currency trade.

INTRO / OVERVIEW


You know that with the interest rates the bank give you, you're already a loser in the face of inflation. Put on top of that the mismanagement of some banks of YOUR hard-earned money. The thought makes me puke. The truth is, you simply have no control. Period. You have no control because of one mortal sin: your money isn't enough to make these banks listen.

But how about bypassing the banks and deal with foreign trading yourself and earn the big bucks for yourself? This has been an absolutely laughing proposition a mere 5 years ago, but not anymore.

The eToro platform introduces anyone with at least $50 into an industry that deals with close to $4 trillion in transactions per day. Around 2,000 people join this world everyday through eToro. Don't be left behind.

CATEGORY: FINANCE


PRICE: FREE Registration, minimum of $50 to start trading


RATING: ✮✮✮✮✮

Excited? Click this now and get into action.

DESCRIPTION:


What I happily see is this: eToro is to forex trading as Kiyosaki's Cashflow 101 is to personal/family investment. But unlike Cashflow 101, eToro uses real data in a real platform. The only difference in eToro is the option to use real money.

With the way eToro treats its subscribers, my apprehensions about forex trading melted like wax. Frankly I didn't give much attention to it until I learned that a 22-year old amateur race car driver from New South Wales named Chris Pearson won the Australian eToro competition, by making $31,500 in profit! My jaw dropped. If he could do it, I could do it!

This was when I paid close attention to demo trading (virtual money) at first, then shifted to real trading. Man, it was a blast. I couldn't believe I was doing forex trading simply by learning from eToro's lessons and immediately applying the insights in the platform.

What's even more exciting is eToro's social trading feature. Much like looking at a Twitter timeline, you could see how others trade and you can follow how they trade. You can also chat with others and exchange insights.

Don't get carried away by my excitement. Experience it for yourself. Click here and open a Demo account. It would cost you nothing and you've got everything to gain.

PROS:


  • It is easy to register in eToro -- easy procedures, easy on your pocket.
  • There are lots of forex trading lessons available in the eToro website, especially the demo trading option for newbies.
  • The social trading feature is a blast. You're not trading alone!
  • The payment and withdrawal systems are easy, diverse and proven.

CONS:


  • Temper your excitement. eToro makes forex trading accessible and simple, but it does not make it easier. Meaning, do your own research about the currencies before making any transaction. Verify, verify, verify, just like anywhere else in life.
  • You are responsible for every transaction you make in eToro. When you win, it's your victory. When you lose, it's your fault. Don't blame eToro or anyone else.
  • The people you follow in eToro's OpenBook are investors like you, not consultants accountable to you. A healthy attitude towards people (netiquette) is very important.
  • The word "Toro" is Spanish for bull. Spain is famous for bull fighting. That's why you see horns in eToro's logo. Don't put any other meaning outside of that.

RECOMMENDATION:


If it excites you no end thinking about getting a scratch of the $4 trillion forex transactions that happen daily, then click this now and register for an eToro account. You won't find anything else like it.

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