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In the stock market, you have thousands of stocks to invest or trade in. In the forex currency market, you can focus on eight important currencies. The advantage of trading in the forex currency market is leverage. This can translate into a great profit potential if the trade goes the way you expect it to, but if the trade goes the wrong way, you can lose a great deal of money if you do not exit your trade quickly.
The leverage limit in the United States is currently In other countries this leverage can be as high as This article will look at two forex trading companies and what each company has to offer. Easy Forex is more of a traditional type of firm where you can trade currencies on the forex market.
You can follow other traders and watch what currencies those traders are buying and selling. Their social trading platform goes as far as allowing members to automatically copy another traders currency trades.
What is Forex from Easy Forex. When you open an account, there are a number of items to look at. What is the initial amount, types of accounts, research tools and how simple their trading platforms are to understand and use.
Easy Forex has four different account types with the following minimums. There are added benefits with the higher minimum account types, but with all four account types, you will get the following standard benefits:. With your account, you will also have instant credit card withdrawals with no fees. Dormant is defined as an account with no trades, withdrawals or deposits for 12 months.
Each company has different forex spreads listed in pips. Pip stands for percentage in point and is the spread between the bid and offered ask price. A pip is the smallest price movement possible. Prices are quoted to the fourth decimal place, except the Japanese yen JPY which is quoted to the second decimal place.
The spread is 3 pips. Easy Forex has different pips depending on the account type and currency pair. Here are some spreads for each account type at Easy Forex. The following are some spreads for currency pairs at eToro. Visual Trading is their online web platform and has the following features. TradeDesk is a group of apps that you can download and configure to make your own trading station. You can do charting analysis, read currency and market news and trade currencies. The list of downloadable apps includes:.
Easy Forex MT4 trading platform is downloadable by request. They have a list of easy forex account types most followed and copied forex traders. You can follow them and read their comments about easy forex account types currency markets and see easy forex account types they trade. When you go to OpenBook, you can watch what currencies other members of eToro are trading in real time. If you see a trade that you like, you can click copy and you will automatically buy that same currency trade.
CopyTrader is a tool of OpenBook that lets you automatically copy the positions of another trader in their network. When you decide to follow a traders currency trades, your portfolio will automatically change as that traders positions change. In addition, Web Trader is also synchronized with your OpenBook platform.
Me Trading Platform best binary file viewer java because of the growth and popularity of their OpenBook platform.
Me is more of a social network than a trading platform. Top currency traders or gurus on eToro can market themselves to other traders through the Copy. Me social pages on eToro. These top trading gurus can then earn a portion of the spread revenue from those that follow them.
How eToro CopyTrader Works. Easy Forex easy forex account types been in business since and is licensed in Europe, Australia and the United States. They have a good FAQ and you can contact the company at:. As you can see, eToro is a different type easy forex account types trading website while Easy Forex is the more traditional type easy forex account types brokerage website.
Even though, many stock market investors follow trading gurus when they buy what Warren Buffet, Peter Lynch or Jim Cramer recommends. It is usually said when trading, that it is best to learn to make your own decisions, or at the very least understand the reasons for your trades. Otherwise, eToro is an interesting and fun currency trading concept.
You could learn a great deal just watching and studying the top currency traders on the eToro website. Easy Forexbeing a more traditional type easy forex account types currency trading website has great tools for charting, market news, analysis and tracking your trades.
You should try Zulutrade as wellits easy forex account types well organized and with rich functionality copy-trading platform. I think it has the biggest selections of traders compared to all other forex social networksetoro easy forex account types as well. Which is the Best Forex Trading System? Easy Forex — Best Features. Easy Forex is a straight forward website to trade currencies on with good trading platforms, research and educational tools.
Easy Forex has four different account levels that make it easy for anyone easy forex account types open an account.
Easy Easy forex account types is good for someone who wants to start currency trading with a small amount of money to begin with and traders that want good straightforward forex trading website.
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