I was introduced to Forex trading a while ago but started trading for real about month ago and after seeing the results and the Money 
I highly recommend this to anyone who is looking to make money online or offline. Forex stands for Foreign Exchange and what you do is buying one currency while selling another currency. The main reason why normal but eager people were reluctant to start Forex trading was the complexity of the Forex platforms available to the users. You needed to analyze charts and heaps of data to get the clear idea of the market. That's why I use e-toro, a free user friendly Forex platform that makes it easier to visualize the market. Don't get me wrong here , you still need to analyze the charts, but e-toro makes it easier to visualize the market and makes it fun to trade with a friendly user interface. The below video gives a glimpse of the functionalities.
As you can see there are lots of benefits in using e-toro with the biggest advantage being the ability to visualize your trading experience. There are many other advantages as well. Lets look at some of the features you are getting with e-toro.
- Easy to visualize interface
- Free practise account so you can practise before you start trading for real
- An account manager to guide you and to point out your mistakes
- Ability to chat with other traders so you can discuss your trades with them
- Contest every week where you can win prize money for getting profit
- bonus prizes for ending a week with profits
- first time deposit bonuses
- Download eToro
( its free
) - Create a practise account ( you get 2000$ play money )
- follow this course, http://www.babypips.com/school/ ( its also free )
- When you feel comfortable create a real traders account and start making money
yes, they are the best in the industry. Recommended highly for anyone to join.
This is a pyramid scheme. The only people making money are the website and the people promoting it
@indi,
As far as I know in a pyramid scheme you need to promote the product and build a down line to make money. This is not something like that , sure you can earn money promoting it , but it isn’t a must to earn money. All you need is some common sense and training.In Forex trading you make your own fortune. I would like to know why you call this a pyramid scheme ? If you don’t have any proof please don’t comment without researching.
Very useful post will sure give it a try.
@aravind,
Thanks , go ahead and try , its free to download and you can practice using the free account , taking action is the most important thing in making money online.
i did forex for a year until a got great losses thanks to EURO/USD :\ but now im “forexing” again… lol
about etoro. what is the minimum deposit? what are the spreads? you managed to earn $130 but how much dollars have you invested to make that money?
@Hugo,
Minimum deposit is 100$ , but it is recommended to deposit at least 400$ because then you get an account manager. Sorry to hear about your losses. 130$ was earned from one trade with an investment of 100$ ( 130% gain ) , btw if you are from USA then e-toro is not available in USA
Thanks for introducing me to the world of forex trading. Now I’m learning it and practicing with your help.
I think forex trading is very genuine. Only you need to learn it and get some experience.
People who call it a pyramid scheme or a scam: please do a research before posting. Please don’t just post any false information because you don’t like it or you don’t trust it. Truth is out there….
@Charith,
You are welcome and thank you for speaking up
I love ur blog and it is very informative.started trying eToro. Can U comment on ur experience with eToro. Do U still recommend eToro?
Thanks
@Indika,
Yep , if you are new to trading it is one of the easiest platforms to trade. Just remember to use the practise account until you are comfortable with trading and treat the virtual money as real money
Thanks, and one more question Nishadha.
Do U know the legal aspects of forex trading in SL.
@Indika,
Haven’t thought much about legal requirements , don’t think its illegal to trade though
Great post. Recently I’ve registered with a site called smartappsportal.com , Awesome site. It just takes mins of ours daily to earn. They provide all the benefits and support. And the payments are more reliable.
Hi,
Can you please shed some light on how forex trading can be done within sri lanks. Is there any legal requirement ? And do we need to register ourselves at some broker house.
thanks in advance
@Guy,
Register with e-toro , deposit cash and you can start trading in minutes
smartappsportal.com is a SCAM!!! I fell for their scam and al they did was promise me success but they kept asking me for more money! Everyone on the blogs that has been talking about how good they are, is from their marketing team! I can't believe I fell for their scam! I lost $150 this week! I give up on making money on the internet!
Britney,
Thanks for sharing your thoughts , I was a bit surprised that my post about Forex trading was getting traffic for key word “smartappsportal” and found out that there is a comment about “smartappsportal”. I haven't tried out the service myself and I'm definitely not recommending it to anyone
If you do a search for SmartAppsPortal.com and look at all the reviews – you'll see that they are all by the same people/groups and all posted at about the same date/time.
Your post is the first and ONLY I've come across calling it out. Remember: if it walks like a duck and talks like a duck – it's probably a duck. The good reviews are all from the same people. Probably one person doing affiliate marketing.
Always do your homework
Thanks for being HONEST
Thanks for the compliment although I haven't exactly called it out. I just cant recommend a product that I haven't tried out or know for sure that it works. As you have mentioned its always a good idea to do your homework before buying a product and its always a good idea to buy through reputed merchants like click bank so at least you have a chance to recover your money.
Nice post on E-Toro, i have been seeing the EToro site for a long time but didnt have time to try it… I will now check it out.
Thanks , be sure to follow the training if you are new to Forex trading
Thank you for these information.
I want also to share my own experience on smartappsportal.com. Doing business with this gives you quickly a lot of money. You need to invest a small some before earning a large sum.
babypips is very good information site about forex
etoro platform is user friendly and has weekly contest too
thanks for the info
Glad you found them useful
Thanks Nishadha.
Are you still trading with etoro? if so what is your payment and withdrawal methods? Is there any legal limitation in srilanka to tranfer funds?
Please tell me if you have any experience.
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About the legal side, you may want to keep an eye one who much money you send out from your local accounts when you are funding/investing there are limits on how much you can send out from the country. When it comes to third world countries the limits can be pretty low. But I don't know the big brother is watching or not.
Don't you have to keep an eye on all those figures and data all day long when you are doing forex trading. Unless you are doing long or medium term trading.
Also have you checked out any forex investment funds and managed forex accounts where full time traders does the trading for you for a commission. Ofcourse that takes all the fun out of trading. But if you are not a good trader or if you dont kave time to trade yourself they can be very useful.
Most managed accounts I have came across require more >$1000 minimum investment. But there are investment funds that allow micro investments. But I think they are less reliable. And most of them are based on countries with little or no investment/financial regulation. And there are lots of scams too. May be its something you can check out and write something on.
Thank you for this very informative comment. I haven't really checked out the legal side of things , Since you do own the account and the money in it maybe this doesn't qualify as sending money out of the country. But will check on that.
You don't really have to keep and eye on them every minute because you can automatically close depending on minimum loss or profit. But it is true that keeping an eye helps you minimize risk.
I have being checking out some managed FOREX accounts and so far I have failed to come across a reliable looking one. There are some that starts with 100$ minimum investment and has a payout in a week. I suppose you can try out some relatively low risk ones like that. I will check those out and hopefully put up a post about them.
Thanks for the link… it really is going to be helpful, specially the practice account!
I am going to try out immediately.
Read abt Global Domain inc. is all that they claim true? does it really make money
how about beginer
etoro walin forex karana aya godak innawada? eka gana wistharayak danadanna one.?
forex ask for documents for first withdraw.they require credit card copy which I use to deposit money.if I use moneybookers to deposit,what should I send them for credit copy?
Contact there support and ask for some clarifications
Can I use ” Sampath WebCard ” to deposit and Withdraw my money ?
I think any card that is visa enabled should do, I used my HSBC credit card and it worked fine
Hello Nishada
Is it true that you have to withdraw using the same method that you used to deposit the funds?
this is nonsense. you people are talking about forex as if though it is absolutely free [like oDesk.com].
but the truth about forex trading is, you must deposit some money to do this. then how on earth can this be free. this is only good for those who are rich.
now minimum fund is $50 in eToro
Just wanted to know, how you received your payment? I know its by check but can you cash it at any bank here in Sri Lanka? and what is the minimum amount for pay off?
There are quite a few options, you can receive it even through AlertPay. Although I haven’t cashed any checks from eToro I haven’t had any trouble cashing Adsense, Click Bank check from local banks. It takes about two weeks to get the money to your account.
will try on this