Many traders are concerned about the upfront and ongoing costs of utilizing Forex software, which is perhaps why more than 20.5 million trades (as of January 2012) have taken place using eToro`s OpenBook software. Unlike certain other programs, registration for OpenBook is free. Traders need not spend a dime on testing the software.
There are also no ongoing costs associated with OpenBook. No commission is charged, but eToro does charge a spread of up to 3 pips.
eToro supports four main kinds of trading account: bronze, silver, gold and VIP. The Bronze Trading Account supports traders who deposit less than $1,000 (the minimum deposit is $50). In contrast, the VIP Trading Account imposes a minimum deposit of $20,000. Other accounts exist for specialist traders. Benefits vary from one account type to the next.
Other than the small spread, there is no charge to use OpenBook, but traders who maintain accounts with other brokers might be disappointed to learn that the software is only supported by eToro. Limited compatibility may dissuade some investors from abandoning their existing platforms in favor of eToro. Notwithstanding, eToro does provide a number of superb features.
eToro`s OpenBook software benefits from 24/7 support, so even when Forex trading has closed for the weekend traders can seek help and advice from the customer service team via live chat, e-mail or phone. A comprehensive help section called eToroPedia is also available, while international telephone numbers are available for foreign traders. OpenBook supports nine languages, including English, Arabic, Chinese, French, German, Italian, Japanese, Spanish and Russian. The software accepts payments from all major credit cards and via PayPal, Netteller, MoneyGram, Webmoney and Western Union.
eToro`s OpenBook describes itself as the “world`s leading social investment network,” which does not necessarily make it the best or the biggest. OpenBook encourages the sharing of trade-related information between users. The software focuses on a system that uses high profile traders, or `gurus,` to set an example for less experienced or successful traders, who can follow or copy their trading strategies. As of the time of writing, eToro`s top guru traded under the name, `Malsolo` and had 37,915 followers, of whom 5,427 had copied his trades.
Some of the benefits of using OpenBook include real-time trading, relatively low spreads, a low minimum deposit ($50), mobile trading, extremely high leverage ratio (400:1), demo account, responsible trading and social networking. The software is also renowned for its reliability and security, suffering very few bugs.
eToro`s OpenBook software is by no means perfect. The program does not include any indices and it does not support CFD (contracts for difference) trading. No scalping is a disadvantage, but perhaps the most notable downside to using OpenBook is that eToro does not accept checks or telephone orders. People who trade Forex online often prefer to have the opportunity to pay by check or discuss special orders and transactions with brokers over the phone.]]>
Here is my uncensored forex automoney review. Keep in mind that i ll be giving both the Cons and Pros of this automatic money making system. If you want to make money with this system, then go here:
Click Here to visit the Forex Automoney System
What You Get With The Forex Automoney System:
Click Here for a trial membership to the Forex Automoney System
Keep reading to see how you can get a 25% off bonus on your etoro trading account. Come to think of it, i discovered that there is alot of hype and not so many site that give a concise review of the forex automoney system. Being a beneficiary of this program, i though it will be very useful to give you top rated consumer forex automoney review.
Here is my quick note for beginners of the forex automoney system. I make money with this system every day but not without first loosing some money on it when i first started just because i was too impatient to get my hands on it and did not following the full instructions. I am sure you will benefit immensely from my experience, if you are really serious about making money with a completely automatic system with zero experience in currency trading. But not until you follow the rules strictly. Read till the end to find out how!
If you have been around a while, you will know that the currency trading is a global market where over 3 trillion dollars ($3,000,000,000,000) change hands on a daily basis. Naturally, this implies that this kind of money means that this market holds an enormous money making opportunity for all. With this forex automoney review, you can have a share of this pie today!
It was initially hard for small traders to get into the game but with the leveraging power of the internet, all you need to do is have an internet connection and the right mindset and you ll be on your way to raking millions over the coming year.
But not many people succeed because the currency market is very volatile and risky and you are never sure when to buy or sell. That is where a service like the Forex Auto Money come in handy. You Need No Previous knowlege of forex to make money with the system
Forex Automoney is an automatic Forex trading signals provider. It is a membership service which provides ready-made forex buy and sell signals for its members. The signals tell you exactly when to enter or exit the market and where to set your Take Profit and Stop Loss boundaries.
Forex Automoney is surely not an automated forex robot. It’s a signal generating service. It is the kind of membership club where a bunch of professionals analyzing the forex market continuously, using advanced software to make recommendations.
To be more exact, signals are generated through an evolving cyclical model that uses highly complex algorithms generated by advanced computer software. The computer model looks at the behavior of large groups of people over a given time and applies it to the financial markets. The end result is that you get ready made signals: Intra Daily, Daily and Weekly recommendations.
The Big difference is that this service will give you exact trading recommendations but it will not trade for you automatically. You still have to trade when you are told using the signals. No thinking nor analyzing anything. A complete newbie with no knowledge in forex can make loads of money within hours of joining the club. Well sounds too good to be true. It is still just abit complex sometimes. Keep reading to find out how to make enormous profits from this system.
So This provider gives you 3 kinds of signals:
Forex automoney is one of the few companies in the world that offer such signal. And the truth is, many people dont know. Take a look at how it works.
Click Here To Visit Site For More Information]]>
Forex Auto Money system has a long record of success stories but not without complains from customers as well. Is forex automoney scam?
The Forex AutoMoney sends an update of the days trading every day with how much that was supposed to be made for profits if the signals were followed religiously. This profitability values are usually higher than what i get or will ever get for a single day. Nonetheless, i am still happy i make a profit though. You need to be very discipline and not emotional. Just follow the instruction.
The Forex Auto Money claims on their website that in a 10 day span, their signals generated over $46,000 in profits. This result is a bit inflated but still, the system have a very high profit rate. From my personal experience, i have a minimum of 10 profitable trades out of the 15 i go for and i am very satisfied with that, makes me a reasonable overall profit every time. So is
forex automoney scam?
The forex automoney system has a $4.95 trial. Well, the trial period seems a bit short for a thorough evaluation of the forex automoney system but if you give it a shot, the amount you pay for membership is just ridiculously insignificant compared to the profit you can make. That amount can be covered in just one days profitable trade depending on what leverage you decide to use and what trading model ( Intra day, daily, weekly).
There are alot of trading platforms enlisted in the member’s area, infact the forex automoney system works for all trading platforms, and it gets a little confusing which one is just the best. Well, from my experience, etoro is by far the best forex trading platform with the most advanced and easy to use software that seamlessly works with the forex automoney signals. Literally just clicking on the buy/sell buttons as simple as that.
Although there are some complains from customers that they dont make enough money with the system as it claims on the home page, it was quite difficult to find many people who didn’t have any kind of success with Forex AutoMoney system. The vast majority were very satisfied with their experience. It is true, there are a lot of scams online, but until you try a program, you can never be sure what people say.
Another complain about the forex automoney claim. They claim that you need just $1 and a computer to start making money. To be honest, you ll never make any money if you think you ll start just with $1. The best way to rake mercilessly in profits is to test the system on a demo account with the trading platform of your choice, ( i recommend the etoro platform plus you get a 25% off bonus first time deposit through my special link here), Use the demo account and trade as high as you want, once you are confident, then you enter full swing with real cash, using your automated signals. You need not be emotional or logical. Just use the signals and you will get it right atleast 8 out of 10 times right. The customer support is awesome and will answer all your questions satisfactorily.
If you are not satisfied with the product, you can cancel within the member’s area quite easily, It is however recommended to contact support and they ll help you trace where you are making an error and correct it. Either you are entering a trade too early or leaving too late or simply not following the instructions. Give it a shout first. Alot of people give up just an inch before making money online usually. Most people are very successful with this system so you can too.
The etoro platform offers a free demo forex trading platform good for training. Download it and go get the trial forex automoney membership here:
Click Here To Visit The Forex Automoney System]]>