As a new Forex trader one of the most important decisions you have to make is where to trade? Choosing the right online Forex broker is very important as different brokers offer various trading platforms to suit individual trading needs and different brokers offer varying welcome bonuses, some suitable for larger investments and other for smaller bankrolls.

Online Forex brokers such as eToro are the perfect place for beginners with in-depth training programmes while other trading sites including HY Markets offer you incredibly tight spreads but how should you choose an online Forex broker?

Choosing an online Forex broker to invest with really does depend on three key factors; your experience level, your bankroll and your trading style.

If you’re new to Forex trading brokers such as eToro and Finexo offer you detailed educational programmes covering everything from Forex basics and fundamentals to advanced trading systems and chart analysis. Many of these online Forex brokers also offer you simple and easy-to-use trading platforms which allow you to develop a trading style and gain valuable skills in an simple environment.

If you are an experienced Forex trader with a healthy investment bankroll you will be looking to gain an advantage from your commitment. Online Forex brokers across the globe including AVAFX offer welcome bonuses depending on your initial investment. AVAFX will reward you with a $1,200 welcome bonus if you deposit at least $10,000 when you first fund your Forex trading account.

Your trading style will play a large part in your choice of online Forex broker. This is because the many various trading platforms out there each offer varying functions and features. For example, ForexYard offers automated trading whereas Forex WebTrader offers one-click trading to allow you to make instant trades.

If you want to take a look at the world of Forex trading for yourself visit www.etoro.com where you can open a demo trading account without investing a single penny and you can even enter eToro’s Trading Challenge where both real-money and demo account holders can win cash prizes.

eToro is fast becoming the retail Forex traders broker site of choice. There are two reasons for eToro’s fast rise to the top. Firstly, eToro has made the easiest user interface available anywhere on the internet but this interface can be tailored to be as complex and have as many tools attached as you wish. Not only is the trading platform at eToro such a success but eToro is famous for its cash incentives to current and new traders which include the $100 Referral Bonus At eToro, among others.

eToro has quickly built a massive worldwide community of retail Forex traders, many of who trade from the office at work or from their desk at home. These Forex traders range from the student who has a $250 bankroll to the experienced Forex trader who has accumulated a bankroll of hundreds of thousands. To assist the building of the worldwide network eToro offers traders $100 to refer a friend to them.

If you have any friends or relatives who are interested in what you do when you’re sat at the computer screen watching charts invite them to join the excitement of Forex trading with eToro. Not only will you be rewarded with a $100 Referral Bonus At eToro for introducing them but your friend will also benefit from being introduced this way too. Your friend will receive a gift of $50 from eToro when they first fund their trading account with at least $100.

To invite a friend to eToro click the ‘account balance’ link from your eToro trading platform then click the ‘invite friends’ option. If you’re not already trading Forex at eToro visit www.etoro.com where you can receive a welcome bonus of up to $1,000 plus you can take part in the Trader Challenges for a chance to win cash prizes absolutely free of charge.

On Monday a New York Forex Trader Was Jailed For Over 15 Years as he pleaded guilty to operating an illegal Ponzi scheme in which more than $66 million was scammed from investors. As part of their guilty plea in 2008 the rogue Forex trader forfeited more than $28 million in currency and property.

Former Forex trader Michael MacCaull, 38, from New York started operating as a spot foreign currency trader in 2001, gathering business via the trading company Razor FX but according to information released by the prosecuting office of the U.S. Attorney in Brooklyn the company barely traded in Forex. Instead much of the invested money was added to the MacCaull’s personal bank account, which he used to fund a lavish lifestyle, buying himself luxury homes, expensive cars and other desirable items.

Razor FX conducted virtually no Forex trading. Instead, the fraudulent company operated a Ponzi scheme. A Ponzi scheme is a fraudulent investment operation that pays returns and dividends to investors from their own money or money paid by subsequent investors, rather than from any actual profit earned from trading Forex.

Fraudulent Forex trader, MacCaull was sentenced by U.S. District Judge Dora Irizarry in the Brooklyn federal court to 15 and a half years followed by three years of supervised release. The prosecuting judge also ordered MacCaull to pay $66 million in compensation to his 272 victims.

One sure way to avoid such scams is to trade Forex for yourself at companies such as eToro. Not only is eToro quickly becoming one of the internet’s favourite and most trusted Forex trading companies but you will also find a huge selection of resources, hints, tips and advice to assist you in your quest for Forex trading profits. Visit www.etoro.com where you can be trading Forex in minutes with as little as $50 initial investment.

Once upon a time Forex trading was an exclusive enterprise for large financial institutions and experienced market traders but one Forex trading company has gone a long way to change this by bringing Forex trading to the retail investor via their simple and easy-to-use trading platform but that’s not all that eToro has done to bring Forex trading to the people. Forex traders can enter the Trading Challenges At eToro absolutely free of charge for the chance to win a share of the $10,000 prize pool.

There are two trading challenges that run continuously at eToro. The first is for new Forex traders, who automatically get entered into the Demo Trading Challenge as soon as you open your account but before you make a deposit. This fantastic competition not only offers you the chance to win cash for free but also gives you a valuable insight into Forex trading.

Not only can new Forex traders at eToro enter this exciting trading challenge but you will also find a whole host of facilities and features to make trading with them as simple and as profitable as possible. You will find a personal coach on hand to offer assistance, trader insights to give you an indication of what the various Forex markets around the world are doing, up-to-date market news to keep you one step ahead of the competition and up to a massive $1,000 welcome bonus when you open a real-money trading account with eToro.

The second trading challenge at eToro is for real-money investors. The top 30 real-money traders each week at eToro will receive a share of the $10,000 prize pool as well as reap the rewards of their shrewd investments. This really is one of the very best Forex promotions on the internet!

Visit www.etoro.com to start trading with all of the support and assistance that you could possibly need and even the chance to win real cash by trading with a practice account at eToro.

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.

In eToro that I’m using, you can set the risk level you are willing to take. The more risk you are taking, the more leveraged you are. In eToro, I use the “X100” risk level.

And here is today’s trading result:

Today I can gain around 6%, which is very good. If you multiple this with 22 days. You will have 132% per month. Well I’m quite happy with 50% profit per month. Happy trading guys.

If you’re new to forex, I think you’ll love eToro because,

• It’s Simple! The eToro forex platform is designed to make the online forex market understandable to traders on their first trade. You only need a $50 deposit to get started.
• It’s Visual! The eToro forex software displays your trades using dynamic visualizations, so you can literally watch your trades go.
• It’s Educational! Hone your forex trading craft by using our eToro’s online forex tutorials, trading guides and unlimited practice mode with live forex rates.

If you’re a forex trading expert, I think you’ll love eToro too because:

• It’s User-Friendly! The eToro platform has a remarkably intuitive interface that enables you to forget about fumbling with bulky forex software and focus exclusively on your trades.
• It’s Professional! The eToro forex software provides you with all the forex trading tools you need: online forex charts, graphs, financial updates, trading orders and leverages ranging from 1:10 to 1:400.
• It’s Reliable! eToro is operated by leading online forex brokers who make sure that your forex trades are executed with precision and offer low spreads – as low as 2 pips.
• eToro is also a Community! We also think that you’ll enjoy our various community features including public and private chats, a lively online forex forum, and our weekly prize bearing forex trading challenges.

Here are some tips for you:

• Go start with virtual trading with $50 stop loss at -12.5% and take profit at 25%. This is rule no 1. Visit my blog often because I will update it with my trading strategy and result.

As you can see from last eight trading, I profit 5 times and loss times. Forex is a game of statistic. You will not always win. You just need to profit more than you loss.

• Download eToro forex software for FREE and begin your trading activity today

• Practive Forex Trading