eToro has released a new version of their platform with a new exciting feature: “MICRO LOT TRADING”.
Micro lots enable traders to buy and sell smaller amounts of currency with each trade. Whereas a standard mini lot contains 10,000 currency units a mini lot is comprised of only 1,000 currency units. Practically speaking, what that means for eToro’s Bronze account traders (eToro’s standard beginner account), is that they can now open trades with as little as $2.5 of initial investment!
Example: 1,000 units of EUR/USD divided by a leverage of X400 will result in a $2.5 trade amount needed to open such a trade.
This will enable our Bronze account traders to open TEN TIMES MORE TRADES!
As an eToro trader, you can use this new feature in your eToro platform. With micro lot trading, your traders can open more trades and practice better money management with smaller investments. With a $100 deposit, they can now invest as little as 2.5% of their balance capital for each trade, instead of having to invest 25% with a minimum $25 trade.
The feature is sure to have massive appeal to novice traders who are just starting out in forex, because now with a small deposit of $50 in their eToro account, traders can get a lot more market action for their money. Download your eToro now and avail this amazing opportunity.
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1 comment:
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