Saturday, 13 April 2013

New Blog, eToro and Forex

So I have started a blog about trading.

I am currently interested in copy trading, on the etoro platform. Forex is just the a very logical way to start speculating online, the markets are very open, lacking much restriction, also offer somewhat more stability when say compared to the stock or commodity markets.

When forex traders tend to dable with shares or commodities, it tends to be on indicies like the FTSE or NASDAQ, or typically, I guess for stereotypical reasons, Gold and Silver. Etoro has 16 pairs, 3 commodities, and 6 stock indexs to trade... a fairly typical selection.

As a Forex trader should be focused on global affairs, a large index or the top companies tends to behave more like a larger thing, more global, so presents a good window into the forex markets where a forex trader might not so much want to trade a particular share like a stockbroker would.

In future I do hope to learn more about the share markets, Other sites like Markets.com offer quite a few share markets in MT4, I also found city index to be good for having access to an insane amount of UK share markets of personal interest to myself, so go ahead and look around for what you'll be wanting to learn about next. It may be cheeky but everyone in forex tends to have quite a few extra accounts for "intelligence" purposes, do check out other platforms.

The reason I am most interested in etoro, it has a copy trading feature that allows you to follow other traders trades and watch what they are doing and copy their trades. So this was sort of the killer app for me, it's also very easy because it instantly calculates stop loss amounts in either pips or dollars another new trend in online trading which does help make you more comfy than talking about units etc which you would need to be familiar with to use Meta Trader 4.

No comments:

Post a Comment