Etoro trading platform

Foreign Exchange or Forex trading is the world's largest market, which according to the The Bank of International Settlements carries a trade volume of $3.2 trillion per day. Since Forex trading involves split-second decisions regarding the currency changes in the market, Forex trading was considered a field reserved only for professional traders working in trading rooms with direct communication lines to the market. However, since the development of the internet and the ability to keep track of the constant changes in live FX rates, Day traders now have the option of trading for themselves through the internet with day trading software. Forex trading platforms have become so widespread that even the world's largest banks and financial institutes are offering their own softwares, like Deustche bank's ( which is the world's 5th largest bank according to accomomist ) dbFX, [http://en.wikipedia.org/wiki/Bloomberg_L.P. Bloomberg's](the largest financial news and data company in the world, founded by NYC current mayor Michael Bloomberg ) tradebook forex platform.

eToro is a trading platform established in 2007, which visualizes trades using animations.

References

1. Carthy, Roi TechCrunch article- "eToro makes Forex trade childs play" , December 2007.
2. Egan, Jack. "Check the Currency Risk. Then Multiply by 100", The New York Times, June 19, 2005.
3. Tajitsu, Naomi. Japan's retail forex punters trade round the clock", Reuters, July 11, 2007.
4.Karmin,Craig."Currency Markets Draw Speculation, Fraud", The Wall Street Journal, Dow Jones and Company, July 26, 2005.
5. Crunch Base company profile
6. Halls, Michael "Research-coming from a trading floor near you", Global Finance, June 2003.

See Also

Foreign exchange market
Retail Forex
Currency pair
Benchmark Currency Rates- From Bloomberg
Federal Reserve Bank of New York Foreign Exchange and related material.

Categories: Currency | Foreign exchange market