The Forex Marathon is one of four trading modes in the eToro forex trading platform for foreign currency exchange transactions. The program helps distinguish eToro as a sophisticated yet intuitive platform for active forex trading. Forex Marathon visualizes forex transactions using a symbolic approach that adds personality to otherwise anonymous market activity. The system creates a graphic game-like foot race, the marathon, that reacts to true changes in forex activity.
Accessing Forex Marathon
The eToro platform includes several programs. Click the "Forex Marathon" button within the eToro system to load the screen which handles all features of the Forex Marathon. Immediately, you will see a screen with your eToro account balance in the lower left and any current open positions along the bottom. You will know you are in the desired area of the eToro system by viewing the title bar of the open window. It should indicate "Forex Marathon" along the top.
Initiate Trade
In the center of the Forex Marathon screen, you choose the currency pair you wish to trade. On the left, under "Buy Currency," locate the base currency you wish to purchase. The profit potential of the transaction depends on the relative value of the chosen currency in relation to another international currency. Under the "Against Currencies" column, choose the foreign currency which will interact with your purchased currency. More than one currency pair can be established simultaneously using the same base currency. A separate trade will be opened for each transaction. Once the pairs are established, it is important to select the desired leverage for the transaction. By default, Forex Marathon uses a 200-times risk/reward level. This can be adjusted by checking the "Set Risk/Reward Level" box under the currency selections. After all parameters of the trade are configured, click the "Open Trade" button in the lower left of the screen.
View Marathon
Forex Marathon is designed to track the success of your paired trades in a clear and fun environment. Once the trade is initiated, the screen changes to a virtual marathon race, with each affected currency in a different lane. The combined profit or loss of all the currency pairs is indicated at the bottom of the screen.
Closing Trades
The entire combined trade of all currency pairs may be closed at once by clicking the "Close Trade" button on the lower right of the screen. Alternately, trades for individual pairs may be closed by pressing the "Close" button on the left side of each individual lane for the respective currencies.
Tags: Forex Marathon, base currency, button lower, currency pair, currency pairs, eToro system