How to open a trading account isn’t really difficult but there are a number of things that you need to think about. These range from where you’re located, to what kind of account you want to open. Opening an eToro virtual account does differ greatly from opening an eToro practice account for instance. The latter is more like a bank account where you deposit money and use it for making trades with. In the virtual world, your trades are completely automated.
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You can open an eToro account by first visiting the eToro website and logging into the site. Once you’ve logged in you can go ahead and create an account or you can just sign up to be a trial customer. Once you’re signed up as a customer and have created an account, you can then log into the demo account. Here you can trade using real money and this will let you see how easy it is to go about making real money through trading in the Forex market.
Once you’re in the demo account you can then start trading but you’ll need to make a deposit of some sort. This is because your money will be on virtual currency that isn’t attached to any real money. Your virtual account balance will grow and when enough funds are deposited in the transaction fees will take effect and your profits will start increasing. If you’re new to trading or this is your first time, it might be a good idea to start depositing small amounts so that you don’t use up too much of your new account balance right away. The whole process should only take about 5 minutes of your time but it can take longer depending on how quickly you want to receive your profits.