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    Social Trading

  • Getting Started in Social Forex Trading

    Social trading is a relatively new concept in the retail Forex business and its popularity has grown significantly over the past few years. The concept behind social trading - especially in the forex market - is that the process provides the opportunity for Forex traders who trade online to retrieve information gathered from other traders and use their experience and knowledge combined to transact on their accounts.

    Social commerce works the same way as other popular social networks, such as Facebook and Twitter, where people communicate directly with other people all the time, no matter where they are. And as with these other social networks, there are advantages and disadvantages to using them.

     

    The benefits of social trading in the forex market

     

    The most obvious advantage of social commerce is that it is easy. By monitoring and following other traders and basing their trades on the professional decisions of more experienced traders, individual Forex traders don't need to do their own technical or fundamental analysis. It's like having the answers to a test before the teacher even gives the test questions!

     

    With social trading, both amateur and non-amateur Forex traders are immediately associated with thousands of other traders in an environment where they can interact with each other, discuss points of view and then duplicate the trades they think are the most. appropriate. At the same time, both novice and experienced traders can learn how top performers make their decisions and what strategies they use that work better than others in their efforts to make profits while limiting risk for their entire portfolio.

     

    Another important advantage of community trading brokers is that when they trade as a member of a group or community rather than as an individual, it is easier to avoid the personal biases that often lead to failure. loss of positions.

     

    As a member of the group, it becomes much easier to see the evolution of activity in the market from a more impartial perspective. For example, a trade that begins to show a loss can trigger emotional reactions in a trader which often lead to poor trading decisions afterwards. When traders work together as a unit, it is easier to discuss and analyse market activity as it is and to make smarter decisions.

     

    Finally, by opening trade to the public, community trading acts so that Forex trading is no longer an instrument that is normally reserved for high-level brokers and multinational banks. Since all transactions placed on a trading platform are copied directly, no one can interfere in a trader's transactions, so there should be more transparency. If the platforms offer similar services, these forex brokers are not all equally advantageous, inform yourself beforehand on pages like this one presenting the option and the other brokers, to choose well where to invest your money.

  • Community / Mirror Trading Blog

    Community / Mirror Trading

    Benefits As we have discussed elsewhere, forex trading is not an easy task. It's a skill that will take time, work, and discipline to develop. For novice traders with limited knowledge of the forex market, it provides an easy way to get started as a forex trader.  You can "earn while you...
    We recommend these steps. To help you familiarise yourself with all the tools and resources available to you as a partner. 1. Register The first step is to log into your personal area. which you can choose Want to register as a partner or register as a partner? Register as a partner ...
    It is a relatively new form of trading that provides users with instant and continuous access to market information using the power of the Internet. Unlike fundamental and technical analysis, in the case of social trading, information is generated by other users , allowing those new to the field...