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eToro — Forex Innovation

October 31, 2007 (Last updated on December 2, 2009) by

Making something new in world of the retail on-line Forex services is a great job, hardly accomplished by Forex brokers today. eToro is a new kind of broker that brings innovative ideas to Forex trading via Internet. Aiming on the novice traders (like some other brokers — Pip Forex and Marketiva) it offers a very simple, yet interesting approach to buy and sell currencies. eToro developed its unique platform with 3 different types of trading — Dollar Trend, Globe Trader and Forex Match; none of them being like they are on Metatrader or any other platform:

  • Dollar Trend — trader chooses a trend direction and watches the dollar rise or fall against a set of currencies. Almost the same as buying and selling the DXY.
  • Globe Trader — two different currencies (countries) a chosen on the map and the currency pair behavior is literally seen on that map. More like a common Forex trading.
  • Forex Match — more traditional currency pair selling and buying with all the stop-losses and take profits.

They offer visualization and easy-to-understand scheme that even a 10 year old child can understand, making Forex accessible for the vast majority of the Internet audience. The only problem with this extremely newbie-friendly platform is that it hardly can satisfy professionals’ demand; adding Metatrader 4 choice would certainly benefit eToro.

One Response to “eToro — Forex Innovation”

  1. ANTOINE SALAMEH

    I already have created real trading account with ETORO
    but until today I feel upset
    actually Iam a very modest and micro client
    but my problem is that until today I ca,t communicate live at ETORO with any live support representative to make things easy for me
    besides from the first time that I was interested to e toro website it was because they are offering online trade platform for forex option contracts
    for now my real account is set up but still I can’t log by myself to that required platform neither there is any support representative to lead me.
    from thiscomment I hope that the operation team may take my comment as a claim to solve my problem as soon as possible
    Faithfully
    ANTOINE SALAMEH
    cect@terra.net.lb
    Survivor_a.s.@yahoo.com
    9619711788
    9619710212

    Reply

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