Forex Followers

2/23/09

Using the Forex Calendar and Forex News

Market news

Latest Headlines:

  • EURO SLIGHTLY HIGHER AGAINST THE DOLLAR
  • USD/JPY BREAKS THE 95 BID ZONE



Forex Calendar

The economic events calendar provides you with the latest indicators and economic events from around the world. Using eToro’s Forex calendar will help you make better trading decisions. To learn more about economic indicators see our market news page for detailed description of different Forex related events.

eToro Forex Calendar

Forex trading is serious business where big money changes hands within seconds. As with any serious business one needs to be aware of the current market situation at all times and have one's finger always on the pulse.

This is why we are proud to introduce the eToro forex calendar, a tool that you will shortly come to heavily rely on for your trading decisions. Our forex calendar is located in a screen easily accessible from the main platform screen, so you can check the forex calendar at any point during your trading activity.

The forex calendar is a tool that tells you when major events take place in the world of forex. By major events we mean announcements and figures release by various financial institutions and policy making bodies. These announcements have a major effect on the forex market since they give clear indications of various factors in global economies. The principles of fundamental analysis state that because currencies are invariably affected by their respective economies, by observing the changes in global economies one can predict the movements of currencies in the forex market.

Another reason that a forex calendar is a tool that is crucial to forex traders is that it determines the time when forex traders will choose to trade. Due to the fact that these financial announcements present hard figures that reflect the state of global economies, most traders and major financial institutions will open trades based on these figures immediately after the announcements. This means that the forex market is particularly volatile in the short time after each announcement, with currency rates rising and dropping radically. Radical changes in the forex market mean the opportunity to make bigger profits (although it is riskier to trade during these times). It is important that you consult the eToro forex calendar on a daily basis at least, because you may want to save your trading till after a particular announcement.

In the forex calendar you will have a few indicators to look out for. First and foremost you must of course note the date and time of the announcement. The next thing will be the currency that the particular announcement will affect. Most announcements in the forex calendar affect only one single currency. Announcements that have a more international scope are very rare. The most important thing about a forex calendar event is its impact – indicated in the eToro calendar by the color of the flame next to the event's name, ranging from yellow to red. Simply put, yellow means that you can afford to skip this one, while red means that you should put aside anything else you have going at that time and give your undivided attention to this announcement.

The forex calendar is something that you should plan your week around as a forex trader. Use the eToro forex calendar to become more aware of the global situation in the forex market, and of course to become a better and more successful trader.










2/11/09

Forex Market News - Instructions For Withdrawing Funds

Market news

Latest Headlines:

  • JPY higher against the Dollar
  • Dollar correcting some losses against the US Euro
  • Dollar fighting back



Withdrawing Funds

Want to withdraw funds from your account? No problem!

eToro makes sure that taking money out of your account is as simple as putting it in.

Please follow these steps:

  • Log into eToro using your Real Trading account username and password.
  • Click "Account Balance".
  • Click "Withdraw".
  • Enter the amount you would like to withdraw.
  • Select the payment method by which you would like to get funded (* eToro reserves the rights to refund traders via the original payment method they used when initially funding their trading account).
  • Click "Submit".
  • Print out the withdrawal form.
  • Click “Submit Request” (to review your withdrawal request, go to the “Cashier” section, then go to “History”).

First time withdrawal requests must be accompanied by:

  • A copy of Passport / Photo ID
  • A copy of both sides of the Credit Card that has been used to fund the trading account
  • A copy of a recent utility bill

If at any point you encounter problems please do not hesitate to contact us at: support@eToro.com. If you have specific funding and/or billing questions and concerns, contact us at: accounting@eToro.com. We are committed to assisting you in every way possible.

Traders are required to send signed withdrawal requests every time they wish to withdraw funds. While we realize that this is inconvenient to you and while we apologize for the hassle, this is an anti-money-laundering policy that we must abide by (*eToro reserves the rights to delay and/or stop withdrawal requests until final approval has been received).

Withdrawal requests take five business days to process (*some withdrawal methods are carried out by a third party and therefore delays may be beyond eToro’s control). If at any point before process completion you wish to cancel your request, simply go to the “Cashier” section. You will be notified via email once the processing of your withdrawal request has been completed.

Credit card withdrawals are limited to Visa credit cards, and are subject to the credit card company's approval.

For Your Information:

  • eToro reserved the right to combine any withdrawal requests that are made within 24 hours by the same payment method into one payment.
  • eToro reserved the right to allow bonus withdrawals only after all bonus policy requirements have been fulfilled (to view our bonus policy please visit the Terms and Conditions section).
  • Wire transfer withdrawals are subjected to a $25 fee. Bank draft withdrawals are not subjected to any fees.








2/10/09

Forex Market News Plus Deposit Instructions

Market news

Latest Headlines:

  • Sterling Volatility picks up
  • Euro continues to plod higher vs the Sterling



Funding your account

Depositing funds into your eToro trading account is fast and straightforward. Simply follow these easy steps and you’ll be ready to trade in no time. For your convenience, we have provided various methods with which you can fund your account, simply choose whichever method you prefer. (*To ensure absolute security and privacy of transactions and data, eToro uses Secure Socket Layer technology.)

In order to start trading you must first create an eToro trading account. In order to do that you must first download the forex software and install eToro. Once you’ve completed this step, you can proceed to open a Real Account. This will provide you with a username and password which you must use to log in. Once you’ve done this, go to “Account Balance,” then to “Deposit”.

You can now deposit funds into your eToro trading account. Below you’ll find instructions showing you how to deposit via Credit Card, Wire Transfer, Paypal, Neteller, Western Union, Moneygram and Webmoney.

Credit Card:

To deposit via Credit Card, please click the “Credit Card” option.

Complete the given form.

Within minutes your account should be credited with funds. (If your request is not approved you will be notified via email).

* The following limitations apply when funding your account via Credit Card:

Minimum Single Deposit Limit: $50
Maximum Single Deposit Limit: $1,000
Maximum Deposit Limit per Month: $5,000

Wire Transfer:

To deposit via Wire Transfer, you must click the “Wire Transfer” option after having clicked “Deposit”.

Enter the amount you wish to deposit.

Click "Continue".

Presently you will receive your Wire Transfer details.

Print this information out.

Go to any bank and forward your Wire Transfer to eToro's bank.

Indicate the transaction reference number in Payment Details field.

Within 5 days you shall receive a bank confirmation.

This confirmation will indicate that your trading account has been credited (you will receive an email notification).

* The following limitations apply when funding your account via Wire Transfer:

Minimum Single Deposit Limit: $500
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

PayPal:

IMPORTANT: If you wish to credit your eToro account via PayPal you must have an existing PayPal account.

To deposit via PayPal, click the “PayPal” option after having clicked “Deposit”.

Enter the amount you wish to deposit.

You will be redirected to the PayPal website where you will be asked to enter your email and password in order to log in.

Review the transaction and once you've made sure that all the details are correct, click “Pay”.

Within minutes your account should be credited with funds. (If your request is not approved, you will be notified via email).

Means of funding your PayPal account

CountryMethods
Ireland3V, AMEX
ItalyVisa Electron, PostePay, Aurora
FranceAurora, Confimoga, Cofidis
NetherlandsGiro bank transfer
United KingdomMaestro, Visa Electron, AMEX, Solo, Direct Debit
SpainAurora, Bank Transfer
ChinaICBC, CMB, CCB, ChinaPay
All countriesVisa, MC, Bank Transfer

* The following limitations apply when funding your account via PayPal:

Minimum Single Deposit Limit: $50
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

Western Union:

To deposit via Western Union you must visit an authorized Western Union office. To locate the nearest Western Union office please click on "Choose Western Union Agent". In some countries it is possible to transfer the funds online.

Transfers should be made to:

Receiver: Oana Raluca Timofte:
City: Limassol
Country: Cyprus EURO (Choose Option 1: Cyprus EURO)

You will now be issued a Money Transfer Control Number (MTCN)

Contact our Customer Support Department at: support@retailfx.com and provide them with the following information:

  1. Your full name
  2. Transaction amount in USD
  3. Currency
  4. City and country from which the money was sent
  5. The MTCN (a 10 digit number)

Within fifteen minutes your account should be credited with funds.

** To know more about RetailFX Limited, please see information below.

* The following limitations apply when funding your account via Western Union:

Minimum Single Deposit Limit: $500
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

MoneyGram:

To deposit via MoneyGram you must visit an authorized MoneyGram office. To locate the nearest MoneyGram offices please click on "Find MoneyGram Agent". In some countries it is possible totransfer the funds online.

Transfers should be made to:

Receiver: Oana Raluca Timofte:
City: Limassol
Country: Cyprus EURO

After deposit, you will be issued with a Transaction Reference Number

Contact our Customer Support Department at: support@retailfx.com and provide them with the following information:

  1. Your full name
  2. Transaction amount in USD
  3. Currency
  4. City and country from which the money was sent
  5. The MTCN number (a 8 digit number)

Within fifteen minutes your account should be credited with funds.

** To know more about RetailFX Limited, please see information below.

* The following limitations apply when funding your account via Western Union:

Minimum Single Deposit Limit: $500
Maximum Single Deposit Limit: $5,000
Maximum Deposit Limit per Month: $10,000

Neteller:


To deposit via Neteller, you must click the “Neteller” option after having clicked “Deposit”.

Complete the given form, including your Secure ID and Neteller account number.

Within minutes your account should be credited with funds. (If your request is not approved you will be notified via email).

* The following limitations apply when funding your account via Neteller:

Minimum Single Deposit Limit: $50 
Maximum Single Deposit Limit: $10,000

Moneybookers:

IMPORTANT: If you wish to credit your eToro account via Moneybookers you must have an existing Moneybookers account.

To deposit via Moneybookers, click the “Moneybookers” option after having clicked “Deposit”.

Enter the amount you wish to deposit and your Moneybookers account email (If you don’t have a Moneybookers account, click “click here” at the bottom part of the page).

You will be redirected to the Moneybookers website where you will be asked to enter your password in order to log in.

You will then have 2 options: depositing from your account balance at Moneybookers, or depositing by one of the following credit cards: JCB, Diners, or American Express.

Means of funding your Moneybookers account:

CountryMethods
DenmarkDankort
ItalyPostepay, CartaSi
FranceCarte Blueue
GermanyGiropay, Sofortuberweisung, Lastschrift (ELV)
AustriaEPS, Maestro
AustraliaPoli
NetherlandiDEAL
PolandPrzelewy24
SingaporeEnets
UKSolo, Maestro
Finland, SwedenSolo
SpainMaestro
OtherJCB, AMEX, Dinners, Delta/Visa debit card, VISA electron

Review the transaction and once you've made sure that all the details are correct, click “Pay”.

Within minutes your account should be credited with funds. (If your request is not approved, you will be notified via email).

* The following limitations apply when funding your account via Moneybookers:

Minimum Single Deposit Limit: $50 
Maximum Single Deposit Limit: $5,000

WebMoney

To deposit via Webmoney, click the “WebMoney” option after having clicked “Deposit”.

Enter the amount you wish to deposit and your WebMoney ID (If you don’t have a WebMoney account, click on the “click here” at the bottom part of the page).

You will be redirected to a WebMoney page where you will be asked to approve the transaction details. Approve the details by clicking the “Pay” button.

Then you will be asked to choose the way to authenticate yourself, and click “Next”.

The next page will show the final details of the transaction. If you have more than one WebMoney purse defined in your WebMoney account, please select it, and click “Confirm and Payment”.

Within minutes your account should be credited with funds. (If your request is not approved, you will be notified via email).

Means of funding you WebMoney account:

CountryMethods
Dollar countriesWMZ prepaid card
Euro countriesWME prepaid card
Russian countriesWMR prepaid card
UkraineWMU prepaid card
All countriesBank transfer

* The following limitations apply when funding your account via WebMoney:

Minimum Single Deposit Limit: $50

Maximum Single Deposit Limit: $50,000









2/6/09

Forex Market News Feb. 6, 2009

Market opens back up Monday



Market Hours

The Forex market is open 24 hours, five days a week (not much market activity during weekends) so you can go ahead and trade day or night.

Below you will find the Market Hours in Eastern Standard Time (EST) for four of the world’s largest financial centers:

  • Tokyo Market Hours: 7:00 pm to 4:00 am EST
  • New York Market Hours: 8:00 am to 5:00 pm EST
  • London Market Hours: 3:00 am to 12:00 noon EST
  • Sydney Market Hours: 5:00 pm to 2:00 am EST

All trades will automatically close out in eToro real money mode when market closes at the end of the week. Closing rates will be posted during the weekend in the trading log section in eToro lobby. All real money accounts will be open during the weekend and all traders are welcome to view their trading account info.

eToro enables you to continue practicing your trading skills on virtual money even if markets are closed or inactive.

In Back In Time Mode you can continue practicing your trading skills, competing in championships, and winning prizes (every hour of every day of every month of every year!) as eToro will be running on historical (but very real) rates.





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