eToro 1.3

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eToro 1.3 Ranking & Summary

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Ranking Level
User Review: 10 (1 times)
File size: 4.18 MB
Platform: Windows All
License: Freeware
Price:
Downloads: 760
Date added: 2007-10-12
Publisher: eToro Forex

eToro 1.3 description

The first truly intuitive Forex trading platform. Download for free, practice, and get trading! Welcome to the future of Forex trading. No more complicated charts, unfriendly platforms and confusing language !
What is Forex ?
Forex (short for Foreign Exchange) is real-time buying of one currency and selling of another). One of the biggest trading markets in the world, Forex allows people to trade one currency for another and make a profit by trying to determine which currencys value will increase by the end of a determined time (such as fifteen minutes after placing the investment). For example, one could choose that by 4 pm the US Dollar will be worth more than the Euro. Forex is considered the largest financial market in the world, it is accessible to any individual (over 18, of course) wishing to add a little excitement to their daily life!
Forex trading may sound daunting at first, but the basics are quite simple. To start with, remember that the first currency listed is called the "base currency." A base currency is usually the US dollar. People (traders) will usually pit the USD against another currency – say, for example, a Japanese Yen.
To sum up: if a currency quote goes higher, this increases the value of the base currency. A lower quote means the base currency is weakening.
Once you have downloaded the software and you are logged in you will see four big icons at the center of the lobby screen , these represent four variations of eToros trading interface. Clicking an icon will take you to the trading arena.
Forex Marathon
Once youve clicked on the Forex Marathon icon youll enter the marathon arena. First, choose which currency you wish to buy: US Dollar, Euro or British Pound (Buying a currency means you expect this currency to strengthen against the other currency.
After youve chosen your currency, youll see the currencies you can compete against. Choose from these options. Then, youll select from the right side the amount you wish to place. Once youve selected an amount, on the bottom right of the screen youll see an "open trade" button appear. Click it and a new window will load, telling you how many currency pair units you are buying for the amount you placed and at what exchange rate (For example, if you chose USD against EUR, the window will tell you how many USD/EUR are bought in this position and at what exchange rate). Thats it! All thats left for you is to sit back and watch your money move.
Dont forget, you are able to close your trade anytime you wish. To close a trade, simply click on the "Close Trade" button in the trade arena. In the bottom center of the same page there is a box that will tell you the exact amount of your profit. Remember, the trades you open will remain open until you decide to close them or until the end of the working week when the market closes and they will be closed automatically. You can also open additional trades simultaneously. To do so simply click the lobby button, and chose your next trade.
Dollar Trend
This feature lets you choose if you expect the US Dollar to rise or fall against the other currencies. Select rise if you think the US Dollar will increase in value against other currencies or select fall if you believe the US Dollar will decrease in value against other currencies. Select amount and place the trade.
The lower part of the screen shows you the details of the trade. Click on Close Trade when you wish to close the trade, or click on Lobby to return to the lobby.
Globe Trader
In this arena setting, you choose your currency pairs at the bottom of the screen, using the arrows. Once youve decided the amount of money to place, a small window will appear, announcing the amount of currency pairs and the rate for this trade. Click "Start Trade" and youre in the game! In Global FX Trade a wire will connect the competing countries. A box on top of the wire will let you how youre trade is doing in terms of profit. On the lower left on the map you will see a more detailed account of what is happening. Click on Close Trade when you wish to close the trade, or click on Lobby to return to the lobby.
Forex Match
In this game you play…rope pulling! Or rather, its your currency against the other currency. On the left side of the screen you can set the currencies and the amount. In this game, though, theres more (coming soon): see the "Set Trade Close" on the left side of the screen? Here you can actually set the limit of the maximum amounts you gain or lose. For example, if you set your profit limit to $20, your trade will automatically close once you reach that amount. Otherwise, click on Close Trade when you wish to close the trade, or click on Lobby to return to the lobby.
Trading Log
Here youll find details of all your activities: The "Active Trades" tab shows….the currently active trades. You can close a trade directly from this screen.
The "History" tab shows ... The history of all your closed trades, sorted by their open time.
Championship
When you logon to eToro another box will appear to the left of the lobby. This is the championship section of the community module. eToro holds periodic championship challenges! And the best thing is, youre automatically registered when you logon to eToro. The game is simple: the trader who amassed the most money by the end of the day is the champion! The top traders win great prizes.
Chat
Click on the "Chat" tab on top of the community module. You are now in the chat section, where you can communicate with friends and fellow traders from around the world. Using the text box, you can chat with someone privately or publicly. Chat anytime you want and compare notes, advice or even just the weather!

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