We review 15+ internet startups per working day. Vote for the one you think will be a killer.
Know it first, subscribe to our RSS | Help us grow, make us your homepage
Home » eCommerce » EToro.com - Forex Trading For Dummies
13
Votes
+
eToro.com - Forex Trading for Dummies

Forex. Sounds familiar, but just what is it, you ask? If you’re not a frequenter of Wall Street and if you don’t keep up with the stock market, Forex or Foreign Exchange (the selling and buying of currencies) probably sounds rather, well foreign. Still, it’s a huge business with an estimated $3.2 trillion in turnover daily. Newcomer eToro aims to make Forex more approachable, by presenting it in a simplified and basic manner for ordinary people. What you get is a downloadable app which lets you play at money trading, and do the real thing too. On the site you’ll get a primer on Forex customs, courtesies and terms, along with a detailed description on how it actually works. After you’ve read up, start playing or investing. Currrencies which can be traded are the US Dollar, Australian Dollar, the Euro, Japanese Yen and the British Pound. There are four games to play: the Marathon, a foot race pitting currency against currency—you pick the stronger one and compete, next there’s the Dollar Trend where you race the US Dollar against other currencies, then there’s Globe Trader in which you manage your portfolio by forming alliances with other world currencies, and finally there’s Forex Match which put currencies back to back in an all out showdown of tug of war. If you decide to abandon the play world you can put real money into either REtailFX or IFX Markets.

 
  In their own words  

“eToro makes it faster and easier than ever to execute trades, watch your trading activity, share, and enjoy financial information - using real or virtual money. It is a unique and user-friendly platform, which combines multidisciplinary expertise from the fields of finance, software development, and design to bring you the next generation of trading.”

http://www.etoro.com

  Why it might be a killer  

This site really simplifies Forex trading for regular folks who don’t delve into world currency markets. It’s informative, user-friendly (very) and fun. It’s basically a more realistic gaming community. Good for learning if you don’t lose too much money.

  Some questions  

Is this site targeted at lay investors who are less likely to put their money in highly volatile and rather unknown territory of currency trading? What’s eToro’s cut in this, should people decide to gamble their money away? Forex trading is serious stuff, can it work for casual users?

Killer Data
CEO:
Become a Gold Member now and access the Killer Data of more than 6,000 Startups, for ONLY $499 a month (less than $0,005 per startup)

 

Gold Member Login
Location:
Address:
Foundation:
Funding:
Revenue:
Earnings:
Employees:
Traffic:
Registered users:
Clients:
Competitors:
Seeking investors:
Phone:
Blog:
Website:
How do you think they 'll do?
(Vote to see results)
Go IPO
Get VC $
Be Bought
Survive
Bomb
 

 1 comments |  Category: eCommerce | tags:  forex currency trading speculation gaming etoro
Posted 10 Months 7 Days ago by Siri | Visit http://www.etoro.com
AddThis Social Bookmark Widget AddThis Feed Button
  Read comments  
written by john griffin  10 Months 7 Days ago  
I think e-toro has a chance to become a huge player in the forex world and will make it simpler for the casual investor to get involved w this market. i work down on wall st and i have heard good things about this firm from many serious traders and i will keep an eye on them.
 
 
 
 
 
   
  Blogging-Widgets
  Comm
  eCommerce
  Marketing
  Mobile
  Search
  Site Reviews
  Social Networking
  User Gen. Content
  Video-Music-Photo
  Web 2.0
  Web App-Tools
  Subscribe
 
10/13/2008
 
 
2007 - 2008
 
Jan - Feb - Mar - Apr
May - Jun - Jul - Aug
Sep - Oct -Nov -Dec
1- 2- 3- 4
5- 6- 7- 8
9- 10- 11- 12
13-14-15-16
17-18-19-20
21-22-23-24
25-26-27-28
29-30-31