Techcrunch reviews eToro - a platform that makes forex trading child's play

[forexer]

According to Techcrunch:

"eToro is trying to solve the challenge of finding ways to present Forex data in a simplified and user-friendly manner that makes it accessible to ordinary users."

http://www.techcrunch.com/2007/11/27...e-childs-play/

[torero]

Interesting concept but trading is not game. Concepts of spread and trends are not even considered.

[smwinc]

Wow, clearly they want to increase the Number of traders going broke/minute rate in the FOREX market. Excellent.

If they bring in Mortal Kombat, and I'm able to crank out some Fatalities on the USD, I'm a buyer for sure.

What's next? A dance mat for scalpers? A gun to "shoot the chart" where you want to enter and exit?

Something I did think that would a nice balance between (possible) performance improvement and ease/comfort of use:

http://www.microsoft.com/surface/

Currently I trade 99.5% with one hand (mouse). Imagine the options with the surface + "chart touch" entry.

SMW

[cowpip]

It was just a matter of time before the gambling establishment would try to tap into the forex market. Their "work" will only soil the reputation of a perfectly profitable market, and may (if it becomes a problem) result in future government legislative involvement - which in this particular case might be good, but almost always grows legs and becomes worse than intended.

If unsophisticated people get suckered into this, they deserve the consequences of playing with sophisticated people. But I think it's unfair who they're targeting (the less sophisticated who likely have little or no interested in true investing). Talk about feeding the lamb to the lions...

On a more technical note, this company's involvement in forex wouldn't even register as the tiniest microscopic blip on the markets charts. It would probably take hundreds to thousands of these goofy organizations to produce a measurable impact - and even then, it would probably only show up as the smallest increase in background random noise.

I congratulate the company involved for providing a new and even dumber definition for the term "dumb money."

It will be a hoot to read this company's risk disclaimer.