The following is going to easily make you understand, learn and handle FOREX. Anyway, if you don't have any experience in the Forex market, we recommend you to download our ebook for starters.
Important: We haven't discovered any new formulas, we have just made easier the existing ones.
Let's get started.
3 simple trading strategies:
1. Trading in a single candle.
Once you are in the Visual Mode at eToro's platform, go to the “FOREX CHARTS” arena. Once there, choose a currency pair and select the “Candlestick” type of graph on the top left of the screen.
By default, each candlestick you see there is setted up for each hour (that means it will show you the prices of the currency pair during an hour)
We will work on candles with the following shape:

Take note of the maximum and minimum prices of the last candle showed in your chart.
Then wait for that candle to close and the next one to start.
The prices you wrote down will be your limits trade in this new candle.
Remember:
Choose to BUY if you think the market (the price in that case) is going up.
Choose to SELL if you think the market (the price in that case) is going down.
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2. Floors and Ceilings.
This startegy is very used by FOREX traders. You just have to draw two lines according to the following:
Select the “FOREX CHARTS” arena in eToro's Visual Mode. Below the chart you see, choose the option “24h”, which will show you a 24 hour chart. That way you'll see the pair's movements during the day.
Go to the “Indcators” menu on top of the chart, and select “Horizontal Line” to draw a horizontal line on the chart where you click.
Identify floors and ceilings during a short time in that chart (floor = where lowest prices repeat, ceiling = where highest prices repeat), and draw a horizontal line on them.
Look in the next picture, how easy it is:

This way you will have two lines, between which the price is moving.
When the price is touching or near the floor, that's a sign for BUYING, since the price tends to stop falling when it reaches the floor, so it might start rising again.
When the line is touching or near the ceiling, that's a sign for SELLING, since the price tends to stop rising when it reaches the ceiling, so it mght start falling again.
As you will see in the picture above, this happens in most cases. But of course in FOREX there are no magical recipes and every strategy has a possibility of failing some time, so be careful.
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3. Automatic Forex.
eToro and FunForex will give you a way of trading so you do nothing while the revolutionary platform works for you.
This is about a simple and friendly way of trade, which makes FOREX a really fun and profitable market to trade in. This mode measures the currency price differences just like in a marathon.
Follow these steps and you will start making money just by waching a race!
Choose the “FOREX MARATHON” arena in the Visual mode of eToro's platform.
In the first column you should choose the currency you are racing with.
Once you chose, you should select the currencies you are racing against, This option will let you choose up to 5 currencies to race.
Then click on the amount of money you want to start racing, and finally click on “Open trade”
Now good luck!

Here's an example:
In the image above, we chose USD to race against EUR, that's why there's a blue arrow pointing at “our” currency.
As you can see, we win when the price of the USD in this case rises higher than the EUR while we are racing.
In this case we have earned USD 120
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