The Forex market has always had great potential as one of the most profitable financial markets, but until some time ago was kept reserved for privileged users with large amounts of money and important contacts. Faced with this reality comes eToro, offering an attractive platform, easily accessible and that offers both professionals and beginners the opportunity to earn money by trading in forex. Here we present the 10 most effective tips for making money by trading with eToro.
1-simple. Using a simple strategy, clear and fluid will increase the chances of making money from eToro. The platform offers the best tools to help you maintain clear decisions and learn to identify mistakes and move away from the obstacles that success.
2 – Identify trends. It is essential to know the trend of the currency in which it was decided to operate and maintain during the entire operation. This is one of the best ways to make money in forex. The ideal is to rely on an investment plan to identify trends. eToro offers Top Traders’ Insight, which is a very useful tool that provides tips and insights from experts, to help you identify trends. This is a great way to make money from eToro operating in the market for currencies.
3-Adapt. For traders it is essential not to be rigid positions taken and able to adapt to the circumstances under which they occur. When a trend is ahead of another, it is recommended that the operator considers to adapt to this situation and thus ensure to make money and minimize losses. eToro has graphic displays and low rates of initial investment that will help, especially beginners, to adapt to the system of operations and ensure their profits.
4 – Timing Right. Sometimes beginners often fail and put their operations at the wrong time, which will affect negatively. eToro has been designed so that all operators make money in forex, so it provides tutorials, customized sessions, educational forums and free online courses that will teach the user to identify the most opportune time for movement.
5-Hours Trading. The forex market has its own schedule, which begins with the opening of markets in New Zealand and Australia and Asian markets, Japan and Hong Kong, Germany, Switzerland and London, USA and Canada. EToro traders may find the latest updates and news from the markets, to help recognize the best time for trading and make money with eToro.
6-Forex Calendar. eToro offers forex calendar, which is a crucial tool for traders, which gives them confidence and security when operating. The eToro forex calendar is available on the main screen of the platform and can be downloaded for free. Traders will review the schedule at any time forex offers the latest economic indicators and events that help operators make better decisions and make money.
7-Timeframe. Another essential point for the articulation of a strategy. It is advisable to try different timeframes, to achieve one that fits the risk profile of the traders. Always remember that the higher the timeframe, the signals are safer currencies offered.
8-Support and Resistance. Defining them is crucial. In this way the operator can observe the entry and exit points and the breaks of trends. eToro offers an advanced graphical display system and interfaces simple and easy to use that will simplify the job. So you can make money with eToro and become a better trader.
9-bonuses. This is one of the best ways to start trading in forex, making money through a low investment. EToro, the trader can make money through the first deposit bonus credited to 1000 dollars. The bonuses are a great way to make money from eToro.
10-Affiliates. This is one of the most attractive routes through which you can make money from eToro. Promoting products through eToro eToro Partners affiliate program, offers one of the highest commission structures, which is a great way to make money from eToro.