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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 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.

Once upon a time, the Forex market was considered by many to be intimidation and over complex territory. Then along came eToro, with our daring belief in fair and equal opportunity which has lead us to develop a platform to bridge the gap between the individual trader and the high end world of international finance. The rest, as they say, is history.

Unlike other online forex trading platforms, eToro’s mission is to cater to the entirety of the Forex community. Here at eToro we make sure that the Forex community is well taken care of - from unique trading conditions to excellent customer service, not to mention remarkable practice opportunities together with constantly innovating trading technologies.

Finally there's a user-friendly trading platform that is fun, easy to use, visually stimulating, and reliable. Traders no longer have to struggle with convoluted graphs and impossible calculations. Instead they can enjoy, learn, practice and trade in the exciting world of Forex. We make it possible for experienced and novice trader alike to take part in the largest financial market in the world.

So much for our end, but here at eToro we are also keen on developing an active and diverse community of users to enhance each other's trading experiences. We believe that in addition to the know-how and experience of seasoned forex experts, there is much to gain from the day to day exposure to the thoughts and opinions of fellow traders. eToro's goal is to facilitate a vital and thriving trading community, be it via forums, chats or exciting tournaments, in order to offer you yet another unique and significant advantage.

As you can see, it is no wonder that eToro has quickly become one of the most frequently visited trading platforms online. Nevertheless, we whole heartedly believe that rest is for the wicked and we are always eager to keep evolving in order to continue offering you the perfect trading experience.

Here at eToro we believe that no trader is an island. The Forex market is affected by every private and professional trader that takes part in it, so if you want to get a clear picture of the market, there’s no better way to do it than to check in with your fellow traders.

One of the inventive ways you can do that with eToro is by using the Top Traders' Insight tool which shows traders live updated rankings of the top 10 most popular pairs as traded by our 100 top traders. This tool enables you to use others' experience when making your trading decisions and to get priceless strategy tips from the crème de la crème of our trading community.

Since eToro is a great learning tool for newbie traders, our community also serves as a kind of classroom where novice traders can get their bearings by discussing their trading experiences in chats or seeing what the pros have to say in our forums.

We also believe that there’s nothing like some friendly competition to get traders going. To spice up your trading week we provide you with free to enter weekly Trading Challenges where you can show off your trading skills for the opportunity to win great prizes.

At eToro we are committed to encouraging our trading community and to providing you with all the tools you need to stay connected.

eToro. Trading Starts Here.

eToro is a new way to trade Forex and commodities. The eToro platform’s ground breaking design and visual interface makes the financial markets come alive in a way you have never experienced before. So whether you’re an eager newbie or a seasoned pro – join our Foreign Exchange traders community and take your online currency trading to the next level.

eToro for Beginners:

• Graphic trade visualizations
• User friendly interfaces
• Free practice account with live market rates
• Low initial investment
• Personal trading coaches

eToro For Professionals:

• Spreads as low as 2 pips
• No dealing desk
• Automatic execution
• Personal account managers
• Leverage of 1:5-1:400

JOIN eTORO: 

http://www.etoro.com/B172_A17898_TClick.aspx