62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
If you’re interested in trading popular currency pairs like the EUR/USD then you need to be with a known and well-established brokerage like eToro.
Why do we say this?
It’s because they offer a good range of currencies to trade on and are one of the most trusted investment firms in the industry today.
Their advanced all-in-one platform allows you to trade this currency pair via CFDs or contract for difference and with its huge social investment network, you can even duplicate the trades or actions of other traders, allowing you to ride on the success of other users.
Curious to know if eToro is a good broker? Read our updated review to see the results of our tests.
Trade EUR/USD or Copy Them from Other Currency Traders
When you’re a registered user of eToro, you have the choice of trading this major currency pair on the platform or you can simply copy the positions of top-performing traders who are investing on this underlying asset.
If you choose the latter, you just need to search for the top traders in the network and using the Copy People feature, you can set your account to automatically copy the trades of your chosen trader.
That’s not all…
Since this is technically social network, you can interact with other eToro users!
You’ll be able to communicate with them and start a friendly conversation wherein you can share tips and strategies on how to trade wisely.
And get this:
With over 10 million users registered, there are plenty of opportunities for you to find someone who has the skills and experience in speculating on the EUR/USD’s price movement.
Its expanding network will connect you with a huge population of traders to share and discuss your trading insights.
An Extra Layer of Protection to Your EUR/USD Trades
Here’s the thing:
The EUR/USD’s highly volatile price will give you a lot of trading opportunities but since trading involves risks, having a way to minimize the losses or lock in your profits is DEFINITELY an advantage.
How is this possible?
You can do this by taking advantage of the risk management tools like Stop Loss and Take Profit that are integrated on the platform.
This will give you more control over your positions giving you better chances of achieving more favorable results.
Interested to Trade EUR/USD?
The EUR/USD currency pair remains to be a favorite among traders so you should definitely explore this market too with a trusted broker like eToro.
And if you want to be part of its advanced social trading network, then you can start right here.
With its innovative platform, you can engage, connect and share knowledge with other traders in the network.
How can you resist?
Go ahead! Experience eToro for yourself and start building your forex portfolio today!
Kindly always remember to manage risk at all times.