Follow these simple steps and you will be able to trade in no time.

Step 1: Download the trading platform
Click ‘Download’ and download should begin automatically.

Step 2: Install the software
Follow all instruction on the Download Instructions page.
Installation is easy and fast. Simply follow instructions. For any problems, please do not hesitate to contact the technical support team.

Step 3: Open a Real or Practice Account
Once you have completed the installation, the software platform will launch automatically.
You can either choose to trade using real money by clicking the “Trade for Real” button or alternatively choose to practice your trading skills first by clicking the “Trade for Fun” button. Both the Real and Practice platform operate exactly the same and offer the same features. The only difference is whether trades are executed using real or virtual money.

You will now have to create your personal account. Once you have opened an Account you will receive your username and password.

Step 4: Deposit Funds (Real Trading Mode)
Enter your username and password in the “Login” screen.
Click on “Account Balance” at the main Lobby screen to proceed to the Cashier screen.
Select your preferred deposit method.

- To deposit via Credit Card: Click on “Credit Card,” then fill out the form.
- To deposit via Wire Transfer: First click on “Wire Transfer” and then enter the amount you wish to deposit, click on “Continue”.

You will receive your Wire Transfer details (including your transaction reference number). Please print this information out.
Proceed to any bank and forward your Wire Transfer details to trading platform's bank. Be sure to include the transaction reference number on the Wire Transfer form in the Payment Details field.

Step 5: Open a Position Once you are logged in you can begin to trade. At the center of the lobby you will see four big icons. Each icon represents a trading arena—Forex Marathon, Dollar Trend, Globe Trader, Forex Match. Choose your preferred mode of trading by clicking on an icon.

Step 6: Trade Once you have clicked on an icon and have been brought into an arena you will need to choose a currency with which to trade. Only in the ‘Dollar Trend’ arena you will not be given this option as all trading there is done in U.S. Dollars. You will also need to choose the amount with which you would like to trade. Once you have done this, your trading has begun. At any time you can close your trade simply by clicking “Close Trade.”

* NOTE: If you wish to trade with demo money first, before you trade with real money, you may do so. In Step 3, instead of opening a Real Trading Account simply select to “Trade for Fun”. Once you have completed the installation, eToro will open automatically. You must then click on “Trade for Fun”

*WE CAN NOW ACCEPT USERS IN THE USA*

US Users Please CLICK HERE

Forex Glossary

Foreign Exchange, Forex, FX
Is the simultaneous purchase or sale of one currency against the purchase or sale of another.

Rate
Is the price of one currency in terms of another.

Quote
Is an indicative market price, normally used for information purposes only and not for deals.

Currency
Is a unit of exchange. Any form of money that has been issued by a government/central bank is a currency. Currencies are used as a medium of exchange, i.e. they are used as a basis for trades.

Base Currency
Is the currency in which other currencies are quoted in a pair. Usually the U.S. dollar is considered the ‘Base Currency’.

Cross Rate
Is the exchange rate between any two currencies that are not of the country in which the currency pair is quoted. For example, in the U.S., a GBP/JPY quote would be considered a Cross Rate. The same quote would not be a Cross Rate in either the U.K. or Japan.

Ask Rate
Is the rate at which a trader can buy a currency that is for sale.

Transaction Cost
Is the cost of making a financial transaction whether it is buying or selling.

Broker
Is an individual/firm that bring buyers and sellers together for a fee/commission.

Dealer
Is an individual/firm that take one side of a position hoping to make a profit by closing out the position in a following trade with a different trader.

Commission
Is the fee that is charged by a broker/dealer.

Initial Margin
Is the deposit given to a broker/dealer; it is the collateral required to enter into a position as a guarantee on future performance.

Margin Call
Is when the broker/dealer request additional collateral to guarantee performance on a position that has moved against the investor.

Spread
Refers to the difference between the bid and offer prices for a currency pair.

Offer
Is the rate at which a dealer/broker is willing to sell.

Position
The net total holdings of a given currency.

Day Trading
Is trading in which positions are opened and closed on the same day.

Overnight Trading
Trading in which positions remain open until the next day.

Open position
Is a deal that has not yet been settled with a physical payment.

Depreciation
Is a fall in the value of a currency.

Pips/Points
One unit of price change in the bid/ask rate of a currency pair. It is the last digit in the rate; usually the fourth decimal place in an exchange rate (excluding USD/JPY for example).

Stop Loss Order
Is an order in which an open position is automatically closed at a specific price. Stop Loss orders are meant to help minimize potential losses if the market moves in the opposite direction of the traders’ position.