Thursday, February 21, 2019

Social Forex Traders

Social forex traders are forex traders that let other people copy their trades. They will make themselves visible by joining a social trading platform that enables other people see third trades and track record. That way members of the social trading platform can view their stats, trading style and track record and decide if they want to copy one or more traders.

A symbiotic relationship - what is it good for?

Social forex trading is based on a symbiotic relationship between the social forex trades and their  audience. Beginners or people who just don't want to invest the time need for forex trading, can automatically copy trades of trusted traders.

That creates a win-win situation where a social trader get's paid as more people follow his trades, and the follower gets to use the social trader expertise. once a follower chooses to copy a specific social trader or traders, the trades they execute will also be executed in the followers account.

The platform

The social trading platform is where people interested in coping other traders find social forex traders to copy from. the platform gives you a pool of traders you can copy, data on each trader and historical performance. That way you 

Where can you find social forex traders to follow?

How many traders should one copy?

No comments:

Post a Comment