Globe Trader: Let the Currency Pairs Jet Set
Use the menu at the bottom of the screen to select your currency pair and trade settings.
Once you’ve done this, a window will pop up and ask you to confirm your trade settings.
If you are satisfied with the trade settings, the selected amount, and the rate for this currency pair, you should go ahead and click "Open Trade" in order to open your trade.
About Globe Trader:
The Globe Trader arena enables traders to trade using a global map, with trades represented as communication wires between global trade centers.
What this means: a country’s currency is influenced by its economic strength, its international relations with different countries and its financial relations with different economies. This arena encourages traders to use information about different economies as indicators regarding which currency pair to trade.
Forex Charts: Let the Graphs Show the Way
Use the line / candlestick charts and charting tools to determine your trades, then use the menu on the bottom of the screen to select your currency pair and trade settings. If you wish, you may specify Stop Loss and Take Profit orders (these can be set / modified after the trade has been opened). Click "Open Trade" in order to confirm and open your trade. You may also view a visualization of the trade in the shape of a tug of war between the currencies by clicking on "show animation".
About Forex Charts
The Forex charts arena enables traders to trade based on the principles of Technical analysis. (Technical analysis studies the effects of price movement. It believes that past market behavior can predict future market behavior.)
What this means is: graphs illustrate the behavior of a currency pair over time. Past behavior can be seen and hence future behavior can be determined. Use the graphs as indicators regarding which currency to trade.
Forex Marathon: Let Your Currency Race Against Others
Predict which currency you expect to strengthen against other currencies. Buy the currency that you believe will strengthen (U.S. Dollar, Euro, British Pound, or Japanese Yen). Once you’ve selected a currency, select the currency you wish to compete against. Select the amount you wish to trade and click "Open Trade" in order to open your trade. A new window will open and tell you exactly how many currency pair units you are buying and at what exchange rate.
About Forex Marathon:
Not unlike the Forex Trend arena, the Forex Marathon arena enables traders to trade the U.S. Dollar, Euro, British Pound, or Japanese Yen based on the principles of trend following.
What this means is: a trend is a general movement in a certain direction. A trend, as maintained by trend followers, is the most indicative and reliable market feature. Use trend information as an indicator regarding which currency to buy.
Forex Trend: Let Your Currency Rise or Fall
Predict whether the Euro, the US dollar or the Pound will rise or fall against other currencies. Select the currencies you wish to compete against and the amount you wish to trade and click "Open Trade" in order to open your trade.
About Forex Trend:
Trend following means that the trend is your friend and the Forex Trend arena enables traders to trade the Euro, the US dollar or the Pound (as the three most liquid currencies) based on the principles of trend following.
What this means is: a trend is a general movement in a certain direction. A trend, as maintained by trend followers, is the most indicative and reliable market feature. Use trend information as an indicator regarding whether to buy or sell the Euro, the US dollar or the Pound.
Trade Box: Analytical Trading at Your Fingertips
The Trade Box is an advanced trading arena that provides you with advanced trading tools incorporated in a visual intuitive interface. Here you can use a wider range of leverages (1:10 – 1:400), trade a wider range of currency pairs, and manage your Stop Loss and Take Profit orders after opening the trade. Your trades are displayed in data form, in order to simplify data analysis.
Expert Mode
If you've indicated that you have forex trading experience upon registration, you will automatically be directed to Expert Mode. The Expert Mode screen contains all the tools you need for trading in one user friendly interface.
Use the upper panel to choose your currency pair and trading settings. You may also view the various charts by clicking on the chart button next to your pair of choice. Clicking on the "One Click Trading Button" will save your trade settings and allow you to trade simply by clicking on Buy or Sell in the currency rates box.
Once a trade has been opened it will appear in the "Open Trades" where you will be able to edit your Stop Loss, Take Profit and Carry Trade Over Weekend settings, as well as view a chart of your trade. You may open up to 100 trades simultaneously.
In the middle panel you also have the option of viewing your trading history, live forex updates and a calendar of upcoming financial events by clicking on the respective tabs.
Additional Features:
Trading Challenge:
Go to "the Community" panel and click "Trading Challenge", or click on Trading Challenge at the bottom of the platform screen. eToro holds weekly forex trading challenges that provide you with the opportunity to win major cash prizes. As an eToro member, you are automatically registered to participate in the trading challenges. Your profits determine your ranking; the higher you rank, the more money you win. In the Trading Challenge tab you may view your rank and the updated top 10 list.
Chat:
Go to the Community panel and click "Chat", or click on Chat at the bottom of the platform screen. In this panel you can chat with friends and fellow traders from around the world with whom you can exchange forex information, knowledge, advice, and tips. You may chat privately or publicly around the clock. Here you can also edit your community profile, upload pictures and compile friend lists.
LabelTop Traders' Insight
Go to the Community panel and click "Top Traders' Insight", or click on Top Traders' Insight at the bottom of the platform screen. In this panel you may view live updated rankings of the 10 most popular currency pairs as traded by eToro's top 100 traders. You may use this tool to decide which currencies to buy or sell by following the actions of the pros without actually having to analyze the market yourself.
Before starting to trade, please take note of the following guidelines:
- You may switch between Visual and Expert modes at any times by clicking appropriate buttons in the top right corner of the screen.
- You may switch from real trading mode to practice mode and vice versa at any time simply by clicking the "Trade for Real Money" / "Practice Trading with Virtual Money" buttons
- Trades opened by you will remain open until you close them or until the end of the working week when they will be closed automatically (as that is when the market closes). The option of carrying trades over the weekend is available only in expert mode.
- You may close your trades at any time. To do so click "Close Trade".
- You may open several trades at once in Visual Mode, meaning that you may have several trades open simultaneously. To do so, click on "Lobby" at any time, and proceed to choose your next trade.
- In Visual Mode, to return to the lobby, click "Lobby".
- In Visual Mode, the "My Open Trades" box displays your active trades. The "Trading Log" tab opens your trading log where you can view open trades in more detail as well as historical trades.
