eToro – Forex Trading Forum

[Tropezienne]

The 'Trade for Fun' potion is great - I've used it to learn and to experiment safely. So much so that I felt confident enough to switch to trading for real. I did not expect fantastic results to start off with - and I have not achieved them. I am very realistic about Forex and so am neither surprised nor disappointed that I am slightly down on my small investment. I am still learning and taking things slowly.

However, I think that the Trade for Fun option should also take into account what a trader would pay for positions opened on the Trade for Real option. By that I mean what eToro take by way of commission. I have tested and compared this on both platforms over a couple of short trades (one in which I gained and one in which I lost).

When I gained 10 USD in virtual mode, 10 dollars were credited to my account. In real mode, when I gained 10 USD, 8 USD were credited to my account.

When I lost 5 USD in virtual mode, 5 USD were debited from my account. In real mode, when I lost 5 USD, 7 USD were debited from my account.

I have no problem with eToro earning in this manner for the excellent product that they provide (albeit a little slow in responsiveness at times) - but I do think that it would be fairer and, obviously, more realistic to include these charges in the virtual mode.

[richmanpoorman1]

Are you a shareholder or principal in ETORO? You are, aren't you. This is a waste of programming and a gimmick that will help many idiots who can't resist emotional trading from losing their money. There are MUCH better programs out there and this is not one of them, because it is totally non-transparent and runs like a child's 'let's play cartooning' program.

[Tropezienne]

No, not a principle or a shareholder - just wanting to learn, just making an honest observation. Talk about emotional - I think mine are more in control than yours. Keep smiling - it's good for your mental health.