Australian Investors and Traders Leaping Into Trading Forex Online

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(Newswire.net — June 18, 2013) Melboune Australia — With the introduction of social investing networks, traders can now get access to online trading platforms where they can trade not only fx, but commodities, indices and stocks. These social trading platforms have free live charts and quotes plus free financial news and analysis to help traders trade.

Australia has the world’s 12th largest economy and is ranked fifth for highest per capital income. The Australian Bureau of Statistics has ranked the net income of Australian households into 5 quintiles. 

The Weekly Mean Gross Household Income and Annual Disposable Income By Quintiles
  • Lowest Quintile: $464.00 per week with average net worth $434,686
  • Second Quintile: $980.00 per week with average net worth $513,750
  • Third Quintile: $1,46.070 per week with average net worth of $555,448
  • Fourth Quintile: $2,057.00 per week with with average net worth of $705,314
  • Fifth Quintile: $3,581.00 per week with average net worth $1,396,342

According to Google Trends as of June 18th 2013, the top 9 cities in Australia with the most “Regional Interest” for “Forex” were  Sidney, Melbourne, Cranbourne, Perth, Gold Coast,  Brisbane,  Canberra, Adelaide and  Hobart.

If you search in Google for Forex Trading In Australia there are over 7 million results. For the phrase Currency Trading in Australia, there are over 14 million results. It is obvious that there is a great deal of interest in this topic of forex trading.

eToro has been a key player in the development of social trading and investing networks which has leveled the playing field in the FX arena.  They just announced passing the 50 million trades landmark.  Yoni Assia, CEO of eToro, said he believes this confirms that their users crave a simple yet innovative way to access and invest in the financial markets. 

With eToro, traders can enter and exit trades, interact with other traders, copy trades and even become a Trading Guru and have other traders follow their trades on their network.

eToro now has over 2.75 million users  in over 140 countries. If you search on Google for eToro there are over 11 million results; for eToro Australia you will see over 1,130,000 results.

For more information about trading online please click here:http://www.NewsWiresPressReleases.com/EtoroAustralia

Author: Guy Edrington is an independent journalist and president of New World Trading Ltd.

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Disclaimer: Trading is very high risk and can result in the loss of all of your investment. Read the complete disclaimer: http://www.etoro.com/general-risk-disclosure/