eToro has developed a cutting edge Forex trading software, catering to novice and veteran traders alike by way of a user friendly trading interface, and various additional features that render the vast world of Forex trading accessible to new traders. eToro's easy to use platform makes foreign exchange trading almost entirely intuitive, through its extensive use of trade visualization. eToro's platform is also designed to make Forex trading a community oriented experience, with such features as private and public chats, forums and championships.

eToro's provision of an opportunity to acquire trading experience by trading for virtual money, makes this platform hugely attractive to beginner traders, since it enables them to get their chops without risking any of their money. This way, novices can get a fundamental understanding of the world of Forex, before they dive in. Furthermore, eToro makes the learning experience a smooth and painless one, by replacing the complex charts and lingo that the Forex market is famous for, with step by step instructions, tutorials, professional support and creative graphic representations of trading activity.

eToro's forward thinking approach combines all the advantages of the Forex market, namely its scale, its liquidity and its extent of opportunity, with all the advantages of online technology, in order to create a user friendly access to an enormous and complex industry.

Overall, eToro has produced the ultimate trading environment, where one can learn, develop, communicate, and grow according to one's individual needs.

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eToro has designed a cornucopia of features that make trading, monitoring, communicating and staying informed simpler than ever. These features include:

Visual representations: Trades are depicted through various creative representations, so you can monitor your activity with ease.

Practice mode: Polish your skills by trading with virtual money for live rates, before putting them to the test.

Competitions: Compete against fellow traders for cash prizes and Forex glory - with no entry fees.

Chat: Whether it's Forex or romance, discuss it all with your trader friends in public or private chats.

Trade: Enjoy real time execution with all your trades.

Low Spreads: Save a fortune on eToros super low spreads - as low as 2 pips on the majority of currency pairs.

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What is Forex? Forex is an abbreviation of Foreign Exchange (also referred to as FX) and it is the largest financial market in the world.

The Forex market is the place where currencies are traded (currencies are money that is used as an exchange medium). In other words, it is the place where currencies are being sold and bought. In the Forex market all currencies are traded in real time.

Trading with currencies always means that there are two simultaneous transactions taking place. If a currency is being bought, it is also being sold. To better understand this notion, think of currencies as both the goods you are buying AND the method with which you're paying for the goods.

Since the Forex market is the place where currencies are traded in real time, people may trade one currency for another and make a profit off of this transaction. Profits are made when one is able to determine which currency's value will increase by the end of a pre-determined time period (such time periods may be short or long). The Forex market is open 24 hours a day, five days a week and it is based in four major cities: New York, London, Sydney, and Tokyo. The Forex market is open to individuals over the age of eighteen.

While Forex trading may sound daunting, it really isn't. It can be easily comprehended and understood without prior experience in finance or economy. It is challenging and exciting, thought provoking and manageable, stimulating and filled with opportunities.

Some Forex Basics:

• The first currency listed in a currency pair is called the "base currency".
• The "base currency" is usually the U.S. Dollar. Traders will generally trade the U.S. Dollar against another currency, which is called the "counter currency".
• Currencies are quoted in pairs. For example: The pair U.S. Dollar and JPY will be quoted in the following way: USD/JPY equals to 2.5 (This means that 1 U.S. Dollar can buy 2.5 JPY).
• When a quote increases, it means that the "base currency" has risen in value and the "counter currency" has weakened in value. For example: If the USD/JPY quote used to be equal to 2.5 but is now equal to 2.6, then this means that the dollar has strengthened (because 1 U.S. Dollar can now buy 2.6 JPY as opposed to the mere 2.5 JPY it could buy beforehand.)

Now that you know a thing or two about the Foreign Exchange market, we invite you to explore eToro-the Revolutionary Forex Trading Platform. You too can make your mark in the Foreign Exchange market. Use eToro as your gateway to the ever-growing world of Forex trading.

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