SOCIAL TRADING – This Might Be The Next Big Hit
Investing in financial markets such as stocks, forex and cryptocurrencies requires extensive knowledge and experience. You need to be up-to-date with news events affecting the business world, and also have the capability of reading charts, analytics reports and understand trends.
If you lack this capacity, chances are you may lose your money in the market. It’s unfortunate that many people continue to lose their hard-earned money in the financial markets simply because they have little knowledge of how to and when to invest. Social trading comes in handy in cubing such challenges.
So, What is Social Trading?
Social trading works more or less like a social network. The only difference is that instead of sharing selfies or lunch photos, on a trading network people share trading ideas. Here traders interact, watch trading results of other professionals and brainstorm on market situations in real time. As an investor or less experienced trader, in social trading your financial trading decisions are based on other skilled investors generated financial content collected from various reliable platforms. In other words, once you identify a successful trader and you like their trading strategy, you can start following them and copy their trades.
What are the benefits of Social Trading?
- Quick access to reliable trading information. Social Trading platforms cut down on the process of searching for reliable trading information by providing extensive information from professional traders across the world. You also get to interact with the skilled traders on the platforms like one-on-one Tutorage.
- Quick grasping of the trading market. Social Trading platforms reduce the duration and cost of becoming a professional investor by allowing you to learn from seasoned investors, quickly and efficiently.
- Earning while still learning. Social Trading platforms allow you to learn from experienced investors, where you get to know how to navigate the trading market and still earn some money by copying their trades. Therefore, you don’t have to wait until you have all the required knowledge for you to start earning.
- Build a trading community of investors. Social trading platforms build a community of investors, where you get to interact with other investors and share information, while also collaborating on different ventures. It being an online platform, you can access trading information from anywhere in the world quickly and easily as long as you have the internet.
POPULAR PLATFORMS FOR SOCIAL TRADING
Now that you know what social trading is as well as some of its benefits, how about you learn a little about platforms you can use for Social Trading.
In this post, we shall explore both traditional social trading platforms as well as modern/crypto social trading platforms:
Auto Pilot Trading
Grow With Your Trader
A storefront of 3 200+ free and commercial signals can be found on the website and on the ‘Signals’ tab of your MetaTrader 4 trading platform. Choose your Signal Provider, subscribe to their signals and start copying their trading strategies on both demo-accounts and real-accounts. Signals do all the work for you according to the trading parameters you set.
LIST OF BROKERAGE FIRMS
JOIN SÔEGEE SOCIAL TRADING
Join now and get instant Social Credit Bonus IDR100.000, -
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It is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.