When it comes to forex trading one company has launched its way to the front of the pack, quickly becoming one of the most popular forex trading platforms on the internet. eToro is a new way to trade, offering you the chance to trade online currencies and commodities using their cutting edge, ground breaking trading platform plus you can also receive a $1,000 Welcome Bonus With Your New eToro Forex Trading Account.

There are many reasons to open a forex trading account with eToro, not just a $1,000 welcome bonus. New traders at eToro will get access to a comprehensive practice account which allows you to fully evaluate the trading platform, great value from low spreads and a great range of products to trade including gold, silver and numerous currency pairs.

The amount of welcome bonus which you receive at eToro will depend on how much you deposit when you first fund your account.

• Deposit between $100 and $399 to receive a $25 bonus

• Deposit between $400 and $999 to receive a $100 bonus

• Deposit between $1,000 and $4,999 to receive a $250 bonus plus a silver trading account

• Deposit between $5,000 and $9,999 to receive a $500 bonus plus a gold trading account

• Deposit between $10,000 and $19,999 to receive a $1,000 bonus plus a gold trading account

• Deposit over $20,000 to receive a tailor made bonus allowing you to get the most out of your new forex trading account plus a VIP trading account.

With such generous trading offers and a world-class trading platform it’s easy to see why eToro is quickly becoming one of the leading forex trading platforms to be found anywhere online. Visit www.etoro.com to see for yourself what makes eToro such a firm favourite with forex traders across the world.

One of the great misconceptions about trading forex is that you need to invest in lots of expensive and complex software to manage your trades. Many people new to Forex Trading will be surprised to find out that a number of online brokers out there make the experience of getting into forex trading as simple as signing up and downloading and installing their own client. There’s a whole range of forex brokers online who’ve made signing up and getting involved a relatively easy proposition.

What’s more, many of these brokers have thought about making the product and instruments for forex trading as simple and reliable as can be. Brands like eToro and Forexyard offer a simple and entertaining entrance to the market for new players, bolstered by targeted tutorials and the ability to ‘play for free’ with demo accounts that allow the new trader the chance to test their skills without losing their cash.

Alongside the traditional currency trading, a lot of these forex brokers offer further trading opportunities with the ability to also try out the likes of trading in the rise and fall of such commodities as gold, silver and crude oil. Taking a look around the sites of some of the popular online providers of forex will quickly reveal that not only is entry easy, but so is the software. Better still, it won’t cost you a fortune in complicated software to get going, but all that’s there in the easy access software provided.

These factors certainly represent a good starting point for any analysis of the Real. As signs continue to emerge that the global economy – and China specifically – have turned a corner in their fight to overcome recession, commodities will likely continue to rally, which is excellent news for Brazil bulls. In addition, “May industrial production and especially retail sales came in stronger than expected, following incipient signs of improvement in labor and credit conditions, consumer and investor confidence, and inventory levels.” As a result, after a modest contraction in 2009 (the bulk of which took place in the first quarter), 2010 is expected to mark a return to solid growth, with estimates ranging from 3.5% to 4.5%, rising to 5% in 2011.

The Central Bank of Brazil, however, is not necessarily on the same page. Last week, it cut rates to a record low of 8.75%, in order to ensure that Brazilian monetary policy remains easy enough to support growth. While this is an unwelcome development for carry traders, there are a few mitigating circumstances. First, considering that Brazilian inflation is projected to average 4.5% in 2009, this still affords investors a solid 4% real return, without factoring in currency fluctuations. Second, Brazilian rates are still significantly higher than levels in industrialized countries, such that the interest rate differential which makes Brazil attractive has been carefully preserved. Finally, while precise forecasts vary, the Central Bank is expected to begin hiking rates as soon as the end of this year, with further hikes throughout 2010.

The Central Bank has also been busy on other fronts. Thanks to a healthy trade surplus, its foreign exchange reserves are burgeoning, recently touching a record 9 Billion. This figure well exceeds Brazil’s outstanding debt
, which gives it great flexibility in determining how to allocate these reserves. Already, the Central Bank has begun to pare down its holdings of US Treasury securities, in search of higher-yielding alternatives. In addition, the Central Bank has taken to intervening regularly in the forex spot market, in a vain effort to stem the rise of the Real.

In the short term, analysts are now lining up around various technical levels, backed by little real fundamental analysis. “Moreover, without fundamental economic news showing better times ahead for the U.S. economy, principally, then the BRL1.90 support will remain cemented in place,” offered one analyst. “You show me some more good news and the support will be closer to 1.85,” argued another. It looks like traders are just looking for excuses to keep bidding up the Real.