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Globe Trader

Globe Trader: Interpreting the shadow boxing currency pair

Keep on the lookout towards the nitty-gritty on the volatile curve of currency movements through the Globe Trader arena, which forms the basis of analysis for traders to trade.

Various parameters determine the valuation of a country's currency which are GDR, industrial production, cumulative sales figure for all outlets throughout the country, PLR, foreign reserves, internal stability, foreign relations, force majeure and natural disasters. The political and economic relation with several countries also plays a major role in determining the economic strength of the country.

To start trade with Globe Trader, click on the Globe Trader in eToro's main screen.

Let's have a look on game screen. It looks like that:

To set your trading parameters you need to use the bottom part of your screen, where you can open new trades, choose the currency pair you wish to trade with and set the leverage If we look at this screen we can see that the trade here is set to a trade of EUR and USD at the rate of 1.5629, for the amount of $50, with the leverage of x200.

The upper part is the visualization of the parameters you've set in the bottom part.

If you click on 'Advanced (Trade Limits)' box you can set the trading ' Stop Loss' which mean that you can leave your computer and it will do the job for you. The 'stop loss' parameter will close the trade when reach a certain amount of loss or profit, according to the parameters you set. So basically with eToro you can go to sleep and make money :-)

To close the 'Globe Trader' trade, simply click on the 'Close' button near the appropriate trade.