Monday, April 19, 2010

Things to Remember When Using the Free Forex Signals That Increase Profits

Nowadays, you will be able to find a lot of free forex signals being offered by many websites on the Internet. But how can you be certain that such signals are real? This issue has been one of the primary concerns of many traders. That is why it is recommended that one use a demo or trial account first to assess such free forex signals. You can't be too sure that the claims of the provider are real so you have to assess the signals before you actually use them in your live account.

But then, another question would be on how long you have to practice the signals on the demo account prior to applying them in your live account? Well, it is important to actually have three successive lucrative months while using such signals before you can actually be confident enough to use them with your real account.

Another thing that you have to remember is that you have to check if the free forex signals sent to you by the provider are very recent. So, once you have received the signals, you have to immediately verify if the signals are still valid and if your provider has sent them only within a few seconds or minutes. For example, if you received a signal that tells you to buy GBP/USD and take 50 pip profits, you have to immediately know the exact price that the he advices you to obtain such trade.

Remember that this is very important. If he had wanted that you make a purchase at 1.6050, then to leave at 1.6100 but the signal you have received only came when the price is already at 1.6080, you are very much likely to lose a trade even if you precisely followed the advice. So, during times like this, it is highly recommended that you ask your provider about the exact price in the market whenever he sends you an e-mail. In this manner, you will be able to see the discrepancy of the prices that moved.


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eToro Snags a World Finance Award for Most Innovative Trading Platform 2010

The eToro platform, already a trader favorite, has now received a nod of appreciation from the financial trading industry as a winner of one of World Finance's prestigious annual awards.

eToro's innovative approach to financial trading has been making waves for quite some time now among traders worldwide. The platform's user friendly graphic interfaces and wide range of ground breaking community tools have captured the attentions of novices and experts alike, who now take part in eToro's vibrant and active social trading network. With its open and daring approach, eToro has now managed to not only become one of the most popular trading platforms online, but to also receive a seal of approval from an already established financial institution.

“Our vision is to become the first global market place for everyone to trade and invest their funds in a simple and transparent way”, said eToro CEO, Johnathan Assia. “eToro already transformed the way people trade today, and we thank our community of over a million traders for helping us win this award that recognizes eToro's achievements in the financial trading arena”

World Finance magazine launched its annual World Finance Awards in 2007 with the goal of identifying industry leaders that represent the benchmark of achievement and best practice in the financial and business world. To determine the winners, World Finance magazine used an independent panel of judges headed up by Editor Alexander Redcliffe. The Panel followed up on the countless nominations, suggestions and contributions of World Finance readers to explore and analyze new trends in order to unearth the best and the brightest pioneers in the FX marketplace.

“We couldn't be more thrilled and honored to win this particular award,” said Assia. “To know that our platform was nominated and then chosen out of the hundreds of nominations is a sign that we must be doing something right. It is especially rewarding to know that our push towards innovation, which has been one of eToro's core values from the start, hasn't gone unnoticed. The challenge now is to keep innovating so we can have a shot at next year's award as well!”

As for eToro's community, they will certainly be thrilled to know that their platform of choice is leading the way in cutting edge trading technologies, and intends to continue to do so for years to come.

Open a free trading account with eToro to explore the benefits of financial trading.