Etoro

Currency traders at websites like eToro have seen the US dollar climb, as the Federal Reserve looks to become the first of the world’s major central banks to tighten its monetary policy. The greenback made headway against both the euro and the Japanese yen during Monday’s trading sessions, climbing by 0.2 per cent against the euro and 0.8 per cent against the yen.

Ahead of Federal Reserve chief Ben Bernanke’s congressional testimony on Wednesday and Thursday, investors are beginning to speculate that the dollar will grow in strength, as they believe that the US will finally step away from the current ultra-loose policies that have been in place for the last couple of years.

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Istock Dice
Online trading can be a tricky thing to get right, more so for new traders. One of the biggest problems that online traders face is knowing when to close a position. Closing a position requires decisive and confident decision making skills. The last thing you want to creep into your mind is superstition or gut feelings. You can retain profits effectively without missing out on future gains and reduce losses by simply knowing the best time to close your positions.

Whether you’re trading Forex, commodities, indices or stocks and shares, closing at the right time is vital for your quest to maximise your profits. Many traders, especially new kids on the block, tend to hang on to profitable positions for too long, getting worked up in the excitement of the markets going their way but before they know it, the market has swung, their greed has gotten the better of them and the profits have vanished.

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Etoro

Forex trading can seem like a lonely life, when your trades aren’t going as you’d like them to and everybody else seems to be making all of the right moves at just the right time. Wouldn’t it be nice if you could connect with the best Forex traders, being able to see what they do, ask them questions and copy their trades? Well, that’s exactly what Forex traders can do at eToro, thanks to the revolutionary OpenBook.

OpenBook from eToro allows you to make connections and associations with all other traders using the service. You can see who the most successful traders are, you can watch them open and close positions and, most importantly, you can copy their trades and share in their profits…and losses.

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Etoro

If you’re a new online Forex trader, you may still be getting your head around some of the concepts and functions of the various markets and trading platforms. There are many rules, techniques, systems and methods that must be understood before you can trade successfully. One such function is leverage. In Forex trading, leverage is a term you will hear regularly and a function that is vital in order to make trades at online Forex brokers such as eToro.

What is leverage? Simply put, leverage works like a loan, allowing you to trade much higher volumes than you can afford to buy with your bankroll. Leverage is displayed in the form of a multiplying factor (x400) and is simply a way of magnifying you position to a large enough size to be able to make the trade you want.

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Etoro

Online Forex traders at eToro and other sites across the internet have been keeping a keen eye on events in both Cyprus and Italy today, especially if they’ve recently bought EUR/USD positions. This is because, in the midst of a woeful run for the single currency, pressure for the euro has been further compounded by the requirement of a bailout for the Cypriot economy and political unrest in Italy. However, even though the EUR/USD currency pair hit a four-month low during early Thursday trading, the euro ended the day with a flourish, actually finishing marginally up against the US dollar when the London trading session closed.

Earlier today, the banks in Cyprus opened their doors to customers for the first time in weeks and, even though a €300 euro per day limit is in place to avoid a run on the banks and further economic pressure, the opening of the banks has been seen as a good sign, even if there’s still massive uncertainty regarding Cypriot’s money.

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Etoro

Whether you’re a new Forex trader looking to cut your teeth in the big, wide world of foreign currencies or you’re an experienced pro, there are many Forex bonuses and benefits at eToro that will help you on your way to making a profit. You will receive Forex bonuses when you first make a deposit at eToro, you can earn bonuses in the trading challenges for both funded and non-funded traders plus you can benefit from referral bonuses, tight spreads, zero commission and fast withdrawals when you trade Forex online with eToro.

If you’re a new trader, you can open a free practice account that allows you to try your hand at trading without any financial commitment from yourself, while also competing for the bonuses on offer in the eToro Trading Challenges, which are competitions that award the best traders Forex bonuses, bonuses that can be used to trade as real money transactions.

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Etoro

Each and every day more and more new Forex traders hit the virtual trading floors at sites such as eToro but very often these new traders don’t really know what they’re doing and they often end up losing money. That’s why we’ve compiled this simple online Forex trading startup guide, which offers simple, common sense advice to get you on your way.

First and foremost you must understand the basic mechanics of currency pairs and Forex markets. eToro offers a huge wealth of useful information that will offer you a great insight into the world of Forex trading with various guides and pages including the eToropedia, which teaches you all you could want to know about the fundamental processes involved in trading Forex.

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Etoro

The world of Forex trading is vast and wide, with many, many currency pairs to speculate the futures of. Some online Forex sites such as eToro have dozens of currency pairs to trade, some even more! With all of this choice, a question you should ask yourself is “How many currency pairs should I trade?” This question has no definitive answer that fits everybody. However, one portion of the answer is simple – “As few as you have to.”

You may think that trading numerous currency pairs will offer you more opportunities to profit…and you would be right. However, with these additional profit opportunities come an equal number of chances to lose money.

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Etoro

The British pound finished the week with a flourish, making gains against other popularly traded currencies such as the euro and the US dollar. At eToro and other leading trading sites, Forex traders saw the British pound soar, following the news that the Bank of England was to keep the base level interest rate unchanged.

There were a number of factors that contributed to the pound’s high-flying finish to the week’s trading sessions, many of which surrounded the Bank of England’s monetary policy meeting on Thursday. After the meeting, incoming Bank of England Governor, Mark Carney did sterling no harm by saying that the current position of the bank’s policy may be just what the UK economy needs.

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HY Markets

Due to the massive explosion of retail Forex traders since the rise in popularity of online trading sites such as HY Markets, a number of observers from other trading industries have started looking down on retail Forex traders as two bit gamblers and maybe this is true in a small number of instances but, as a whole, successful Forex trading is risk management not gambling.

With the exception of gamblers who have control over the outcome of their bets, such as poker players, gambling is a game of chance, which usually has odds stacked in favour of the house. And, as a rule, a rookie player at a casino has the same likelihood of winning as the experienced players. However, in stark contrast, experienced Forex traders at HY Markets and other online broker sites normally make much greater returns and much smaller losses then new Forex traders. This is due to their experience in risk management.

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