EzTrader review 2013, how to start trading with EzTrader.

EZTrader is owned by WGM (Win Gaming Media) company based in Cyprus. The company commenced operations in 2008. Today, EZTrader is among the leading brokers. EZTrader stands out in regards to binary trading operations because of owning a proprietary trading platform. Very few brokers have a proprietary trading platform they can call their own. It is important to note that owning a trading platform is not the only reason behind EZTrader’s success. The platform is one of the simplest to use. This fact alone has earned EZTrader many admirers (both clients and trading companies). Some trading companies have even gone as far as emulating EZTrader trading platform because of the success the platform has enjoyed. Recent changes in EZTrader’s trading platform have also contributed to the success of the company. For instance, there was a recent change in management that brought about a new lease of life in the trading platform and overall trading experience. More details on this will be shared below. Let us first take a close look at the EZTrader trading experience. How to Trade with EZTrader To start trading with EZTrader, you need to follow 5 simple steps. 1. Opening a live trading account by filling in your details. Minimum deposit is $200. 2. Select the financial instrument that you want to trade i.e. option, currency e.t.c. 3. Select a suitable type of trade i.e. Call or Put. When you place a call trade, you expect the price at expiration to be higher than the execution price. A put trade works opposite i.e. you expect the price at expiration to be lower than execution price....

EToro review 2013, have they become an even better broker?

Online trading has advanced over the past few years due to advanced web technology. This has prompted the emergence of numerous online Forex brokers in the market. It is however important to note that very few brokers have stood the test of time. One such broker is EToro. The company has managed to adapt quickly to changing markets to become one of the most popular Forex brokers today. EToro has won very many awards from review companies such as World Finance, Global Banking, Finovate Fall, Finance Review and European CEO among many others. This simply shows that EToro is among the best Forex brokers in the market today. Some of the benefits of EToro include; offering traders numerous tools. EToro also has software known as Guardian Angel software which promotes responsible trading. It is also possible to copy and follow experts using the eToro Open book. EToro trading platform According to numerous customer reviews online, EToro is one of the easiest Forex trading platforms to use. This is one of the main reasons why many Forex traders prefer using EToro. The company currently offers three trading platform types namely; EToro WebTrader, EToro OpenBook and EToro Mobile Platform. 1.EToro WebTrader It is obvious that EToro has invested substantially to enhance client trading experiences through this trading platform. The WebTrader trading platform gives traders the ability to go anywhere worldwide and trade provided one has an internet connection. The platforms interface is sleek and clean which eliminates ”information overload” which is common in very many trading platforms today. The WebTrader platform also stands out because of its unique chatting feature that...

The Importance of Acknowledging the Inevitability of Losing Trades

No one wants a losing trade. Everyone seems to get at least one though. Losing is not enjoyable, but everyone gets a taste of failure once in a while. This is why it is so important to acknowledge that some trades just won’t make you any money. In fact they will make you lose money and the longer you leave them to feed on your profits, the worse off you will become. Greed is a difficult emotion to take hold of. Every Forex trader wants to be able to get as much profit in as possible. This is obvious. However, it is only the profitable Forex traders that understand that losses will come along every so often. The problem with greed, is that you will see a loss and let it run in the hopes of it turning green, but chances are it will just keep putting you deeper and deeper into the red. Loss-makers should be spotted out fast and killed off as soon as they have been identified. If you spot a loser, kill it before it is too late. You want to cut it off before it eats away at your balance. If you leave it, it will feed off your profits and potentially even wipe your account. The act of buying high and selling low, or the other way around, does feel counterproductive. It feels wrong to accept losses. When you withdraw a loss, it feels like you are cheating yourself, but you are actually doing yourself a favor. You are keeping your capital safe and it will love you for it long-term. The more...

Cutting Your Losses Short and Letting Your Profits Run

Two big mistakes that Forex traders make are as follows: they let their losses run and they cut their profits short. Ideally, Forex traders should be doing the complete opposite in order to make some real profits. The trouble is, when you make a profit, you want to cut it short just in case it sinks back down to a loss. It really depends on what Forex trading strategy you are adopting though, of course. If you are day trading, perhaps a quick buck (or less) will be enough for you to justify cutting a profit short to bag it and run. However, trailing stops would be more ideal for longer-term trading strategies, as they automatically adjust themselves as your profit increases, so your stops move up as your profits move up. Regardless of whether or not you take advantage of trailing stops though, your mindset should still be in the right place: think longer-term. Don’t see a profit and take it as soon as you can. If you truly believe in your trade, let it run its course before cashing out. Similarly, make sure you cut your losses. Employ stops according to your Forex trading plan, which should be clear and precise. You should know your Forex trading tactics inside-out before you even enter the markets. At the end of the day, it will be your profits and losses all added together that determine whether or not you are profitable overall. Obviously you want to be profitable. In order to become a profitable Forex trader, you do not necessarily need to make more profitable trades than loss-makers. In...

The Difference between Trading and Investing

While trading and investing might seem synonymous, they are really different things altogether. Think about it. When you are in the Forex market, what are you personally doing? Are you trading or investing? Are you placing trades, or making investments? Of course the terms can be exchanged by people and discussed in the same light. The terms can be treated as meaning the same thing. However, trading is really just about making a quick buck. It is short-term, whereas you should be thinking long-term. Investing is long-term. It is better to invest, rather than trade. What you are doing as a Forex trader, is trading Forex, but it is best to think like an investor rather than a trader. The term ‘trader’ does not have ideal connotations, whereas ‘investor’ does. While you might technically be a Forex trader, make sure that you position yourself as an investor in the Forex market. What this means is, do not go out looking for short-term money-makers, because they do not really exist. It is possible to make fast money, but it is unlikely you will be able to sustain fast money. By positioning yourself as an investor, you will start thinking long-term and caring less about what you are going to make today, or tomorrow. The richest of the rich do not talk about how much money they make per hour, or per day. The richest people talk in years. Poor people are more likely to say how much they make per hour. Richer people will more likely talk about how much they make per week or per month. People with real...