User blogs
Military vet sets out to make world's strongest bullet-proof vest
For Blake Waldrop, protecting law enforcement isn’t just a job – it’s a mission borne out of personal tragedy.To get more news about best bullet proof vests, you can visit bulletproofboxs.com official website.
The founder of RMA Armament, Inc. in Centerville, Iowa, maker of bullet-proof vests, lost a friend in Iraq in 2005. His friend died even though he was wearing body armor. Since then, the goal of the former Marine and police officer was to make a product better than those on the market.“We have a proven product, that’s proven time and time again, to be significantly stronger. Not just a little bit stronger – significantly stronger than everybody else’s armor in the United States,” he said.
The difference is in the technology. While most vests “spider-web” when hit, destroying the integrity of the vest going forward, RMA’s vests isolate the bullet’s impact to the area where it hits, leaving the rest of the vest intact and ready to absorb another shot.
It’s a responsibility that Waldrop and his team take extremely seriously.“We screw up here in the slightest fashion, in any stage of the manufacturing, somebody dies,” he said.
Waldrop said the response from law enforcement has been enthusiastic. Being recognized by the President of the United States wasn’t a bad perk, either.In July 2017, RMA was one of 50 companies selected by the White House for their “Made In America” showcase. That meant a trip to Washington, D.C., and a visit to meet President Trump and Vice President Pence.
The President comes in – he actually sized me up and down because you know I’m a big guy… gave me an extra hard hand shake, so I gave it right back to him. I was clapping and looking at the president and I didn’t realize the vice president is standing right in front of me. So, I shook his hand. The No. 1 thing I think I took away from that is the vice president leaned in and said, ‘thank you for your service to our country.’ I mean, how did you know I was a Marine?” Waldrop said.
The married father of three says he would be able to generate a greater profit by making the vests overseas. But, according to Waldrop, Made in the USA is “a symbol of pride, not about dollars.”
“When I’m dead and gone, I want to be remembered for the product that we built here and the amount of people that are alive today because of that product,” he said.
And, while most people assume the name of the company stands for something tough or militaristic, it’s actually the first initial of each of his three daughters – Renee, Megan, and Alexis.
“When you have a little baby girl in your arms, you melt like butter on a hot day in August,” Waldrop gushed. “So, that’s what happened to me with my girls.”
Best Smart Locks of 2022
After buying the 8 most promising smart locks on the market and testing them side-by-side for more than 120 hours, we've found the best models for people who constantly need to remotely let dog walkers or cleaners into their home, or that manage a number of different vacation rentals. Our tests cover everything from remote management and keyless entry to overall security and installation difficulty, so we can help you find the perfect lock, no matter your needs. We can also help you decide whether you even need a smart lock, or if you might be better off with a "dumb" keypad lock.To get more news about best smart door lock wifi, you can visit securamsys.com official website.
If you're building out your smart home, our smart device product reviews may be of interest. We've tested everything from robot vacuums that map out and clean your space to smart home thermostats to help regulate your home's temperature.
The perfect smart lock provides simplicity and versatility, and in our opinion, the Schlage Encode offers both in spades. The built-in WiFi functionality creates simplicity by not requiring an additional smart WiFi hub that you must purchase and navigate separately. You can also avoid the hassle of your guests having to download apps and create accounts — the keypad allows you to share access by creating easy numerical key codes for visitors. This versatile lock gives you the ability to unlock your door multiple ways: a Bluetooth key on your phone, remotely over WiFi, with a key code, or even with a physical key. Whatever option you choose, it can be set to a particular time frame, so the housekeeper's or dog walker's code can only work between 10 am and 3 pm on a specific day. It is also compatible with many smart home platforms, allowing for control via Google Assistant or Amazon Alexa, and can even be used with the Key by Amazon service that allows packages to be delivered inside your front door.
A downside to the simplicity of built-in WiFi is the additional power requirements. This lock sticks out further than others due to the four AA batteries it requires. This impediment is mostly on the interior of the door and might be made less noticeable by the black plastic battery cover. If your door is a darker color, it may not be as noticeable. Also, the lock won't open automatically as you approach the door because there is no geofencing; you have to use your phone to unlock the lock. All in all, these are small setbacks in comparison to the many features and steady performance that make the Schlage Encode the best smart lock for most people.
If you are already building a smart home with multiple Nest devices, Nest x Yale with Connect is a solid consideration. For existing users, the Nest x Yale can be controlled through your current Nest app, simplifying setup and integrating with your current user experience. Installation is simple, and we like the slightly beefier ANSI grade 2 security rating that it boasts.
The thing we dislike the most about the Nest x Yale is that when we were sharing access via the Nest app (as in sharing access with someone else that has a Nest account and app, thus turning their phone into a Bluetooth key), we found that it can glitch quite often. We got around this by making keycodes to share with visitors to use manually instead of gaining access through the Nest app. The drawback, however, is that the codes can't be set to allow specifically-timed access, so you have to keep them updated frequently if you don't want people to have access at all hours. That being said, if you're already a Nest user, we think the familiarity and convenience of using the same app will be more appealing than an entirely different system for your lock.
If you want a no-frills, budget-friendly smart lock to share access to your home via your phone, check out the August Smart. The lock is installed directly on top of the deadbolt you already have, simplifying the installation and requiring no new keys. Once installed, it uses simple Bluetooth key functionality to lock/unlock upon pressing a button within the phone app. You can also set it to automatically unlock when you and your phone approach the door and lock when you leave. Most importantly, you can share access with anyone who has a smartphone, and you can limit when those people can open the door. For example, you can give your dog walker access only for an hour in the morning and another hour in the afternoon.
The ULTRALOQ U-Bolt Pro offers just about every smart feature you could imagine. You can gain and share access via time-constrained Bluetooth keys, fingerprint scans, key codes, geofencing (automatically unlock as you approach), and an old-fashioned key. It can also link to Alexa and Google Assistant for voice control and boasts If This Then That (IFTTT) support that allows it to link up with other components of many smart homes. It offers a unique "magic shake" feature that allows you to unlock just by shaking your phone in front of it (currently, you must open the app to do this, which sort of defeats the purpose, but reports are that it will eventually work in the background). We also love the unique micro USB hub that lets you power the lock from an external source in the event of a battery outage.
Steven Tata and Max Mutter have developed their expertise in smart home devices over the past 4 years. In that span, they've used just about every smart speaker on the market, have lived with more than a dozen different WiFi security cameras in their homes, used an army of robot vacuums to clean their floors, driven around with more dashboard cameras than you can shake a stick at, and now, have used multiple different smart locks on their own front doors. Throughout that process, they've become familiar with the various smart hubs used by many of these devices and have a good sense of when these gadgets are adding value to their daily routines and when they're just serving up unnecessary complications.
Smart locks have a fairly narrow price range — most retailing in the neighborhood of a couple hundred dollars. Those that cost less generally don't come with an included smart hub. That means you'll need to spend more on a hub to access their smart features. Therefore, the top performer is also the best value, making the Schlage Encode our first recommendation for the vast majority of people. For those seeking more basic features and simple utility, the August Smart provides a great and slightly less expensive option.
Smart locks carry a hefty price premium when compared to their traditional counterparts, so they need to offer reliable and useful smart features to be a worthwhile purchase. We used every smart feature these locks offer, side-by-side, to assess both the relative usability and reliability of all of them. This includes features like Bluetooth entry, keypad entry, compatibility with smart home platforms (e.g., Alexa, Apple HomeKit, Google Home), and activity logs. Much of our testing focused on granting third parties access to the lock remotely, as this is one of the most useful and common applications of smart lock technology. Generally, we found models that require using an app to share access somewhat clunky and unreliable, while those that utilize a keypad and temporary codes for access to be much more user-friendly.
Cooper Updates Pro Series Long-Haul Steer Tire
Cooper Tire launched its proprietary Pro Series in 2018, and now it's created an updated Long Haul Steer 2 tire to help drive down tire costs for fleets. The tire replaces its predecessor, the Cooper Pro Series Long Haul Steer tire, and is available now in size 295/75R22.5 (load range G and H), with additional sizes becoming available in October.To get more news about long haul tires, you can visit gofortunetire.com official website.
The Cooper Pro Series Long Haul Steer 2 tire features a patent-pending shoulder decoupling rib to provided added toughness on the edge of the tire, which can minimize irregular wear and damage caused by curbing. The decoupling rib "has a unique size and shape that adds to its rigidity, allowing irregular shoulder wear to be minimized, which results in added durability in highway applications," said Gary Schroeder, executive director of Cooper’s global truck and bus tire business, in a press release.
The new tire features Cooper’s Eco (Energy Conservation Optimization) technology, which combines tire design, compounding and construction to provide an ultra-low-rolling-resistance tire that exceeds SmartWay standard requirements by 15%, according to the company. It also offers lower rolling resistance than EPA greenhouse gas standards set for 2027.
The Cooper Pro Series Long Haul Steer 2 tire also provides 18/32 of tread depth and features a wide footprint. This helps distribute weight more efficiently and promotes long and even wear, as well as enhanced traction, company officials said.
The steer tire also features a patented stone ejector design with a stepped groove wall in the tread pattern. This helps prevent stone drilling to ensure the integrity of the casing for multiple retreads.
Helping improve tire maintenance is Cooper’s Wear Square on the tire’s shoulder ribs. This is a visual indicator that shows tread depth through five different evolving image icons. A “square” shape indicates full tread depth, while an “L” shape shows only half the tread remains. An icon also shows when the tire should be pulled for retreading or replacement. Because the Wear Square is placed on both sides of the tire, it also serves as an alignment indicator. If the icons on each side don’t match, the tire technician knows there is an alignment problem or an uneven tire wear issue and can take corrective measures.
The Cooper Pro Series Long Haul Steer 2 tire features four-belt steel design construction and an industry-leading seven-year, two-retread warranty. The tire is also warranted for full replacement value for the first 50% of treadwear.
Commercial Smart Locks: Top 6 Benefits for Your Business
Safety, convenience, and affordability are more important than ever when choosing a commercial access control system. With more employees working at home, temporary workers, and changing schedules, ensuring only those who should have access can get in and keeping those who shouldn’t have access out is critical. That’s where commercial smart locks come in handy.To get more news about wifi smart door lock, you can visit securamsys.com official website.
Why Commercial Smart Locks?
Using a smart lock on your office/co-working space, apartment building, gym/fitness center, day care center/school, church, self storage facility, retail store, or other business is an affordable option that adds immediate value to your business. Here are the top 6 reasons why:
1. Easy to Manage
Businesses increasingly look for ways to be more efficient and simple is usually better. Traditional access control has typically been complicated, requiring a lot of steps to make it work. These steps include creating hundreds of detailed user profiles, matching credentials/physical keys/keycards to users, and delivering those credentials to the user. Smart locks, dramatically shorten that process and eliminate one-to-one contact (especially important during this pandemic). Using a cloud-based access control smart lock – users can self-register with an app, eliminating the need to create a user profile. Access can be granted/revoked from anywhere there’s an internet connection. Building managers simply log into access control software and grant/revoke the appropriate access with just a few clicks of the mouse. Once granted, Smartkeys are available in (or revoked from) the user’s app immediately.
Building managers can enroll people even before the smart lock is installed. Scheduled access can be changed in a few clicks. Users can enroll themselves in the system and can deal with lost or new phones without bothering the building manager… all without any special training. The apps and management software on the smart lock are automatically updated and settings are applied whenever someone uses the app to unlock a door.
2. Improved Security
Smart locks eliminate the need for physical keys, cards, fobs, or pin codes, which are easily shared or copied. With smart locks, the user’s Smartkey is unique to their phone. Phones have passwords and people don’t share them. Smartkeys can’t be copied to other phones, making them a more secure solution. And if an employee or tenant leaves, or a user loses their phone, the building manager can simply revoke access in the cloud portal and the Smartkey is removed from the user’s app.
3. Affordable
It’s easy to forget the ongoing cost of access control systems. Sure, the initial cost of a traditional key lock is cheap, but what about the time and hassle it takes to rekey a lock when an employee leaves? You have to have an on-site employee to make the change. Keycard systems aren’t much better… the cost of replacing lost keycards and upgrading the software quickly becomes expensive.
4. Easy Installation
A smart lock can be installed by anyone in minutes with just a screwdriver. Just take off the existing handle, replace it with a new smart lock, and add batteries. VIZpin Smart Locks don’t need a local network or Wi-Fi connection. Best of all, you don’t have a complicated panel to program.
5. Scalable
Unlike access control systems with panels, you can build a system with smart locks one door at a time. There is no up-front expense for a larger system and no penalty for adding other doors. Just add more doors wherever and whenever you need them. When you add doors, updating everyone’s access is literally just checking a box.
6. Easy to Use
When you want to enter a door with a smart lock, you simply open the app on your phone and press a button. It’s that simple! There’s no bulky keys to carry around, no codes to memorize for different doors, and no card to carry with you.
What is Forex Day Trading?
A popular form of trading which you may be aware of is trading on Foreign exchange, or Foreign currency. This is known, in short, as Forex. With numerous currency pairs in existence to trade, what about the strategy you put in place while trading? Day trading is a trading strategy which is one of the most common in the Forex market. What is Forex day trading, exactly?To get more news about forex day trading, you can visit wikifx.com official website.
What is Forex Day Trading?
Have you ever heard about intraday trading or Forex day trading? This article will give you a detailed explanation about Forex day trading for beginners.
This type of trading can be practised in any market but is most frequently applied to the Forex-, stock- and index markets.
Why?
The Forex day trader takes advantage of the small price movements within the day or session. The trader opens positions during the day or the session and closes these before the end of that day. The trader takes advantage of the market movements during the day session.
Therefore, these traders prefer liquid markets such as the currency-, stocks- or index markets.A prerequisite for success in intraday trading (or any other type of trading) is having sufficient market knowledge.
Some of those new to trading ask themselves, 'is Forex good for day trading?'. As you now know, because of its liquidity, many new traders start day trading in Forex. If you are interested in learning how to day trade in Forex, you can apply all the information you learn in this Forex day trading article to any market, including Forex.
How to Trade Forex Intraday?
The first step to getting started with Forex day trading is to gain access to the right Forex day trading tools. Many Traders ask, what platform is best for Forex day trading? What is the best Forex day trading software? Whether you are looking for the best Forex day trading platform in the UK or anywhere else in the world, MetaTrader 5 has you covered.
MetaTrader 5 is an elite trading platform that offers professional traders a range of exclusive benefits such as advanced charting capabilities, automated trading and the ability to fully customise and change this Forex day trading platform to suit your individual trading preferences.
Whilst intraday trading might be profitable it is not easy. Intraday trading, as any form of trading or investing, carries risks and should not be assumed without prior training and a vast understanding of the markets.
Experienced traders can attest to the fact that a trading plan which includes detailed risk management rules, is essential. Based on this plan, the trader scans the markets for trading opportunities, the best entry and exit points and assesses possible trading opportunities for a healthy risk/reward ratio.
Understanding the Dynamics of the Stock Markets in Intraday Trading
A thorough understanding of the market's dynamics and the main factors driving market movements is essential.
Intraday traders monitor technical and fundamental indicators to gain insight into the market sentiment and possible future price development. Solid insight into what moves the markets enables the trader to identify the most favourable opportunities and make informed trading decisions.
A Disciplined Approach for Intraday Trading
In all aspects of life, discipline, among other factors, is important.
Discipline: Trading without a systematic and disciplined approach is essentially gambling. Therefore long term success in trading without discipline is next to impossible.Monitoring: A trader must be able to monitor prices during certain periods without acting on emotions and making reckless decisions.
Strategy: follow a set trading strategy that clearly specifies the conditions for entering the market. The trader would scan the market based on the parameters set out in his strategy and would only act when a set up meets his rules.
When the markets move vigorously traders can be tempted to place trades to 'get in on the action' or be reluctant to enter into a position after a few losses. Acting in accordance with one's trading plan can be challenging and requires discipline.
Sometimes the market follows the course you expected, but just because you were able to predict a certain movement does not mean you should use your gut feeling as an indicator to place trades. Even though it can be painful to miss an opportunity you had anticipated, making random trading decisions will ultimately result in losses.
Best Forex Demo Account 2022
If you’re looking to trade forex online for the very first time – you might want to start off with a demo account. This will allow you to trade in live forex market conditions without needing to risk any capital. Then, when you feel comfortable with how currency trading works, you might then consider upgrading to a real money account.To get more news about forex demo accounts, you can visit wikifx.com official website.
Best Forex Demo Accounts Reviewed
Before you consider which forex demo account to use, it is important to remember that your chosen provider is also a brokerage site. In other words, you will need to open an account with a forex trading platform before you can use its demo facility.
As such, you need to look at factors other than just the demo account – such as tradable forex pairs, spreads, commissions, customer support, and more. After all, there is every chance that eventually – you’ll look to start trading currencies with real money.
1. eToro – Over Best Forex Demo Account
etoro review
eToro is now one of the most popular online trading platforms. With more than 17 million global clients, the broker is often the go-to provider for newbies.Not only is this because the trading platform is really easy to use, but eToro is home to a wealth of educational and training materials.
Plus, you’ll have access to a fully-fledged forex demo account facility as soon as you register. This mirrors the real eToro trading platform like-for-like, in terms of supported markets, real time pricing, and liquidity. The key difference is, of course, that you will be trading with paper money.
In fact, the forex demo account comes pre-loaded with a $100,000 demo fund balance – suitable for demo trading. In terms of supported markets, eToro gives you access to over 55 forex pairs. This covers majors, minors, and plenty of exotics, too. In addition to forex, eToro also supports stocks, ETFs, cryptocurrencies, indices, and commodities.
All supported assets – including forex, can be traded commission-free at eToro. This means that once you eventually start trading with real money, you’ll be doing so in a super cost-effective way. The eToro demo account can be accessed online or via the provider’s mobile app.
There is no time limit on this, so you can switch between the demo and real account any time you wish. An additional feature that some of you might be interested in is the eToro Copy Trading tool. As a social trading platform, eToro allows you to copy an experienced forex trader like-for-like – at an amount proportionate to what you invest.
Once you start trading forex with your own capital, the minimum deposit is just $200. The platform supports debit/credit cards, e-wallets, and bank transfers. eToro is heavily regulated, including an FCA license. Your funds are also protected by the FSCS.
2. Capital.com - Best Forex Demo Account for Beginners
new capital.com logo
On the one hand, experienced trading pros will look at the Capital.com platform as overly basic for their needs. However, if this is your first time trading forex - or any asset class for that matter, then the platform is likely going to be up your street.
Crucially, Capital.com is super easy to use, is free of complex jargon, and offers a free demo account facility to all users. This allows you to trade in a 100% risk-free manner until you feel comfortable testing your forex skills with real money. While learning the ropes, you might want to make full use of the many educational resources on offer.
3. Libertex – Forex Demo Account with Tight Spreads
Libertex is one of the most established forex and CFD trading platforms in the online space. Launched over 23 years ago, the platform is now home to almost 3 million traders.Perhaps the most attractive aspect of choosing this provider is that Libertex is a tight spread broker. This means that there is no gap between the buy and sell price of your chosen forex pair.
Plus, many of the markets offered by Libertex can be traded commission-free. In terms of its forex demo account facility, new traders could use a €50,000 paper trading balance to perform demo trading for free, which acts as a practice account. This is more than enough for you to get to grips with trading currency pairs in a risk-averse manner.
4. AvaTrade - Best Forex Demo Account for Mobile Trading
Although you are best advised to trade via a desktop device to get the most out of a demo account, some of you might also like the option of doing this through a mobile app.
If so, it's well worth checking out AvaTrade. This popular forex and CFD trading platform has been active in this space for over 12 years and it is regulated in 6 jurisdictions.
5. Forex.com – Best Forex Demo Account for Professional Traders
So far in this guide, we stressed that forex demo accounts are ideal for newbies that wish to learn the ropes of currency trading before risking any capital. However, we should make it clear that demo accounts are also suitable for experienced traders that wish to test or perfect a new strategy.
If this sounds like you, then Forex.com is well worth considering. As the name implies, this popular online platform is a specialist forex broker. It gives you access to more than 80 currency pairs - many of which come from the emerging markets.
An Introduction to Automated Trading
Automations in exchange trading have been around in one form or another since the 1980s, though the concept of rules-based trade strategies dates back even further, to the 1940s. As retail investing has exploded in popularity around the world, popular trading platforms have adapted to enable forex traders to write and publish their own automations or 'trading robots'. Likewise, the evolution of computer processing power led to the rise of more advanced forms of automation.To get more news about automated trading, you can visit wikifx.com official website.
Like many terms in retail investing, 'automated trading' covers a broad range of activities intended to make monitoring markets and executing trades faster and more efficient by outsourcing certain tasks to computer programs.
Basic automation might entail inputting a specific set of buy and sell parameters into your preferred trading software with a command to execute an order when those parameters are met. The sophistication of your automation largely depends on the complexity of your trading strategy and knowledge of programming, with more experienced traders adding increasingly narrow conditions and interlocking sets of commands.
Whether it’s a simple set of buy-sell price conditions or an elaborate combination of if-then commands, all automated trading relies on a computer program to perform each part of the trading process. Once you’ve input your order prerequisites, you’re free to step away from the screen while the faithful robot tirelessly scans the markets for opportunities, moving with lightning speed to act on your behalf when it spots a suitable trade.
As technology has evolved, automated trading has come to include other trading styles, such as algorithmic trading, social trading and copy trading.
Algorithmic Trading
Algorithmic trading allows traders handling large quantities of assets to manage trading costs by slicing orders that might otherwise be too large to execute efficiently under favourable conditions into smaller tranches.
Many traders use 'algorithmic trading' and 'automated trading' interchangeably, but they’re not quite the same. Traders can automate an algorithmic strategy to allow computers to handle each part of the transaction, including when to trade, however, the algorithm that gives the trading strategy its name only handles one component: the division of the order and its execution
Social and Copy Trading
Social trading and copy trading use specially created trading bots to send ‘signals’ to a trader when a particular investor places an order. A separate automation then mimics this order, in the case of copy trading, or simply observes and assesses if you’re a social trader.
Given its exceptional popularity, you might wonder just what makes automated trading so special.
For some traders, the practical benefits make it a better choice than self-managed strategies, leaving a trading bot to monitor the markets frees up valuable time for refining a strategy. Others like the idea of managing risk by simultaneously trading across multiple platforms. In general, however, the benefits of automated trading can be summarized as 'fast' and 'logical'.
Improved Trading Discipline
The same volatility that makes forex a profitable trading environment can wreak havoc on your trading strategy if you allow emotion to take over. Watching the markets rise and fall, glued to your screen and scanning frantically for an opportunity to enlarge your profits or mitigate your losses, you’re likely to trade impulsively and abandon your carefully-planned strategy. Or perhaps you can’t bring yourself to execute an order, even though every indicator says you’ll win the trade.
Because your participation in the trading process begins and ends with developing a strategy and instructing or creating a trading robot to act on your behalf, automated trading eliminates the risk that you’ll deviate from the best-laid plans due to anxiety or over-optimism.
More Refined Strategies
The only way to test a strategy with manual trading? Put your money in the market and track your progress over time in hopes of identifying patterns in your wins and losses. It’s an expensive and time-consuming learning process that requires you to consciously sit out opportunities that arise or hold tight during downturns, both of which are emotionally taxing.
Automated trading, on the other hand, offers the option to see how your trading rules would’ve performed against historical data. Backtesting not only offers you a risk-free opportunity to refine the rules you apply to your trades, it also makes it much easier to assess what’s working in your strategy and what’s not. Without the 'noise' of one-off trades you couldn’t help but execute and months, if not years, of historical market data to use as a testing ground, you have access to clear, actionable information without risk.
Risk Mitigation
Trading robots operating on multiple accounts, or even multiple platforms, can help you to control the inherent risk of trading in highly volatile markets in several ways. Without the need to constantly monitor markets and input orders yourself, you’re free to trade across several asset classes simultaneously, distributing risk as you see fit. Alternatively, you can assign different strategies to individual trading robots in the same asset class, ensuring that you’re always on the right side of a market trend.
Faster Order Execution
One of the first things novice traders learn is seconds count. The adage that time is money was never more accurate than in the context of trading forex, where entering or exiting a trade at the right millisecond can mean the difference between significant profits and just breaking even.
Automations react immediately to market conditions, moving to execute orders as soon as your desired preconditions are met. While the human brain needs to recognize those conditions, process them and then signal your body to take action, the trading bot not only opens your position seamlessly but generates the necessary orders to protect your investment or execute the trade. All in less time than it takes a human trader to blink.
How to withdraw funds from eToro
Please note that you can only withdraw from your available balance, so you should ensure that you have the funds available in your balance before making a withdrawal request.To get more news about etoro fund withdrawal, you can visit wikifx.com official website.
If you have funds invested in open positions, you can free up more funds by closing positions. Once a position is closed, the invested amount +/- any profit or loss be returned to your available balance.
eToro withdrawal methods
eToro supports a variety of withdrawal methods. These are all the same methods as are available for making a deposit. However, it is essential to remember that you can only withdraw in the same way you have used to make your deposit.
If you use a combination of methods, such as credit card and bank transfer, you receive funds to the respective methods deposited.
If your deposit method is locked or unusable for any reason, you can use an alternative withdrawal method. eToro may ask you for proof of this to change to another withdrawal method.
Is there a fee for withdrawing from Etoro?
All your withdrawal requests are subject to a fee of 5 USD. By default, you withdraw USD. Withdrawals from an eToro account in any currency other than USD are subject to a conversion fee. The payment service provider collects this conversion fee.
Compared to the benefits that eToro provides, 5 USD is quite a comfortable fee. The purpose is to encourage users to consider withdrawing when they have reached a relatively stable profit instead of continuously withdrawing because withdrawal requests go through the payment control system and take longer to process than deposit requests.
However, if your eToro account is Platinum level or higher, you get a 5 USD free withdrawal fee.
How to know your withdrawal request has been processed?
You receive an email notification when your withdrawal request has been processed along with the payment provider details to which eToro sent the funds.
Alternatively, you can also tap on Portfolio and go to the History tab to see the status of your withdrawal.
How long does it take to process a withdrawal request, and when will the customer receive the funds?
The withdrawal process includes Withdrawal processing time and money receiving time. The processing of withdrawals is handled by eToro. Besides, the time to receive your money is already in the hands of the payment service provider.
How to cancel a withdrawal request?
As long as your withdrawal request is Under Review, you may cancel it via your Portfolio by clicking on the blue History icon and clicking the Reverse button on the request you wish to cancel.
What should you do if the money does not appear in your account?
Tap the category card. Then go to the history card to check your sent eToro payment method. Or, you can check the email you received regarding the processing of your withdrawal.
You should also note that it will take eight business days from eToro processing your withdrawal request for the funds to appear on your account statement.
If you have checked all the items above and still cannot find your money. Please get in touch with eToro for assistance. eToro will ask you for a payment method statement showing incoming and outgoing transactions from when you make your withdrawal until you contact eToro. It would be best to ensure that eToro can see your name, transaction date, and payment method details.
Mirror trading: What exactly is it?
Online trading has become popular in recent years, but not everyone who wants to practice it has enough time or training. Thanks to technological advances, there are new options to handle these inconveniences. How? With new forms of automated trading, such as copy trading, social trading and mirror trading. In this article I’m going to explain what the latter entails. Are you interested? Keep reading!To get more news about forex mirror trading, you can visit wikifx.com official website.
What is mirror trading?
Whether you are interested in mirror forex trading, or any other market, mirror trading is a strategy that can be applied to most markets. Mirror trading is a type of automated trading that emerged in 2000, even before the other variants, such as copy trading and social trading. Its name gives us a clear clue of what mirror trading means, since it consists of replicating or reflecting the strategy of a certain trader.
In this case, this strategy is hosted on the server of the company that offers the trading services - the broker - which, in turn, makes it available to its clients through its platform.
The trader who wants to replicate strategies of other market participants is able to see all the characteristics and the results of each one of them in the trading platform of his broker. Then they select one of them based on their profit goals, trading style, capital, risk tolerance level, etc.
Each one of the operations is copied automatically and configured in the account of the trader that replicates the strategy.
Advantages vs disadvantages of mirror trading
Before covering the advantages and disadvantages of mirror trading, I must present a clear warning: be careful, because absolutely everything in the strategy is replicated. That’s why it’s highly recommended that, before choosing this strategy, we dedicate time to researching the following:
Mirror trading vs Copy trading vs Social trading
The basis of mirror trading, copy trading and social trading is, broadly speaking, the same: a trader copies the strategies and techniques of another trader. However, these three variants have their differences when it comes to putting them into practice. Let's see them:
Mirror trading
In this case, the ‘original’ trader programs and directly hosts his strategy on the server of the company that provides this service for the rest of traders to replicate. The trader who facilitates the strategy must have programming knowledge so that he can send the signals that will later be replicated in the client's trading account.
Copy trading
When we talk about copy traders, we refer to the technique by which a trader connects their account to the system of the company that offers this service, becoming a signal provider. Like mirror trading, this strategy can apply to Forex copy trading or any other market.
Unlike mirror trading, in this case it does not program its strategy on the company's server but instead hosts it on its own server and, from there, sends it to the trading platform for the broker to forward it to its clients. A client can then become a copy trader based on this strategy.
Social trading
Social trading is a kind of user community that works in the same way as a social network, but around a topic as specific as trading. In this case, we can talk about two types of actors that participate in this network: signal providers or professionals who share their operations; their followers, who seek advice, exchange opinions and investigate winning strategies.
Market sentiment - an alternative to mirror trading?
Admirals does not provide portfolio management or mirror trading services but is preparing a new copy trading service that is expected to be available in February 2021. Until then, it’s offering an alternative, thanks to its MetaTrader trading platform.
Admirals has the exclusive Supreme Edition plugin for MetaTrader 4 and Metatrader 5 that adds to these platforms, among other indicators, the Market Sentiment. You can consider this as something similar to an mt4 mirror trading function.
This indicator can help the trader know the majority positions of investors at a given time. What it does is measure the emotional state of market players and identifies whether the majority are long or short - that is, whether optimism or pessimism is dominating.
Only 5 days till Forex Expo 2021 in Dubai
Given the prospect of NAGA's platform, Ben will share valuable info about the road from the very beginning to where we are now. Join this speech and gain an exclusive insight behind the scenes of NAGA and what's planned for the future!To get more news about forex expo, you can visit wikifx.com official website.
When trading in the financial markets, one needs 3 important elements: a robust trading strategy, risk management rules and the discipline to follow them. Andreas will cover all these topics in his presentation and you will have the chance to get a free '50 Trading Tips & Tricks' book. Don't miss out - see you in Hall 6 at the expo!
Win gifts and meet our team
Wanna participate in a ticket giveaway to Sevilla FC's football match? Wanna take a selfie with the NAGA team and get a chance to be featured in NAGA Vlog?Make sure to visit us at the NAGA booth and let's create some memories together!
Elevate your trading career
As the saying goes, it's worth reading books because you never know which one sentence will spark an idea that can change your future.
The same is true for events like the Forex Expo - you can meet so many leaders of the trading world and hear potentially life-changing insights, so don't miss out and see you there!
The Forex Expo Dubai is the largest B2B and B2C Expo in the MENA Region. After the first successful Forex Expo Dubai held in March 2019, which attracted tens of thousands of traders and investors from around the world, it was decided to launch the second edition of Forex Expo in Dubai.
The Forex Expo brings together most of the brilliant market influencers and professionals to discuss the significant topics in the Forex space. The event brings together and assembles a global network of traders and industry expert driving a worldwide Forex trading and financial service revolution. The Impressive gathering of the whole Forex industry in the region offers numerous networking opportunities and insights to the Forex landscape.