Forex social trading is the future. Social networks such as Facebook, Twitter, YouTube and many others are already an integral part of Internet. Every day hundreds of millions of people use social networks to share interesting stuff, links and videos, but also financial information and analysis. Exactly why are emerging social networks for Forex trading or Forex social trading. Networks such as eToro OpenBook, which allow you not only to share financial information and analysis, but also allow you directly to trade in the Forex market. Instead alone to analyze next Forex position, you can contact and discuss the Forex market and based on this to make more secure your Forex trading. You can freely use collective skills in your Forex social trading.
What is Forex social trading?
Taking the example of eToro OpenBook we will find a live database of all trading in the Forex market, implemented through eToro platform. As a member of OpenBook (you can register here – eToro OpenBook) social network for Forex trading you can see what they do the best and most profitable Forex traders, you can view their transactions and even copy them, it becomes with just one click. This means that when a Forex trader make profitable Forex trading, everyone else can benefit and learn from it, or just copied his trade in the Forex market!
Forex social trading allows you to take an idea from shared information about Forex trading and you can set your account to automatically copy the successful transaction of other traders. This means that a beginner Forex trader can literally become a professional within a few seconds and then just copy the most successful Forex traders. Social trading allows traders to choose from a larger number of successful transactions, regardless of the financial instrument and copy Forex traders who have the best results. Also if you eventually become a very good Forex trader you can gather followers, which also brings financial incentives because you turn in Forex guru.
How to start copying Forex trading?
Copying Forex positions is much easier than regular Forex trading. Unlike regular Forex trading, you should not do analysis and indicators to track, because this makes it advanced Forex traders. You just start to follow and copy their Forex trading because they are reliable and have good results. When advanced Forex traders do the job they reduced market risk to a minimum, it’s good for you because you just wait for the financial results.
When you start your Forex social trading, the most important is to find the right traders to copy them and copy only the winning positions. In the example mentioned above, eToro OpenBook. They give you several ways of choosing the right traders for you. First and foremost for you is eToro OpenBook rating. This ranking is composed of Forex traders based of their Forex trading in a given period of time, you can see percent of the profits, how much successful deals have, with what instruments traded, etc..
When choosing a Forex traders always consider these facts:
– The highest rate of return
– Ability to analyze Forex market and maximizing profits
– Ability to move with the trend and take full advantage
Once you choose your Forex traders and start to copy them, you must decide what percentage of your account you want to spend for new positions. Start with a small percentage for example 10%. If your chosen Forex traders generate money for you with Forex trading increase rates slowly until you get 30-40% of your capital. This is for Forex social trading – For more information see – eToro OpenBook
Social trading
Get ready for a new way of trading that allows you to trade in the Forex market by copying the trade of other more successful Forex traders or simply social trading!
Let’s say that you are one of hundreds of thousands of people who would like to try Forex market and Forex trading, but do not have time to learn all the different trading strategies, to follow economic news to analyze Forex market on daily basis. If you can not do these things then you should just give up from the desire to trade in the Forex market, but with social trading it is not so hard, you can safely leave your Forex trade to the experienced Forex traders!
CopyTrader is a new feature for social trading. The genius of this network of social trading is that it allows you to benefit from the knowledge and experience of other Forex traders whenever you want. All you have to do is choose which profitable trader you wish to follow by looking at the chart and check the success of Forex traders, trading style, number of followers, etc. Once you find the trader or traders who do you think will make you money, everything you need to do is one click and its trades business will become your trades. For more information about social trading – eToro CopyTrader
You may not know about social trading, but this is a real revolution in the world of Forex market and Forex trading. Instead of wondering which currency to buy or sell, whether the currency will fall or rise, it is no longer necessary. The only solution is now to be taken is how much Forex traders want to trade for you and how much of the account you spend on each of their Forex trading. The more Forex traders you copy, the greater is the chance to reduce the risk of the portfolio.
Of course, you still have full control over Forex positions. All parameters are fully transparent, starting with a spread and ending with a percentage of your balance to invest in each trading. If you do not like the way you stop trading and change Forex trader or want to cancel the position on profit, it becomes immediately with a single click! No need to wait for your Forex trader to make a move – you can edit the positions immediately or close any deal at any time. And if the trader’s strategy is not working for you as a whole, one click and you unfollow him. This is the social trading.
In social trading goal is to gather a team of various Forex traders who you can copy indefinitely and then simply watch how your profits grow. Unlike Forex robots or paid traders in social trading on the Forex market, you do not owe anything to the Forex trader and the only thing you do is to make profits for you. Forex positions of others are doing your social trading.
Let’s say that you are one of hundreds of thousands of people who would like to try Forex market and Forex trading, but do not have time to learn all the different trading strategies, to follow economic news to analyze Forex market on daily basis. If you can not do these things then you should just give up from the desire to trade in the Forex market, but with social trading it is not so hard, you can safely leave your Forex trade to the experienced Forex traders!
CopyTrader is a new feature for social trading. The genius of this network of social trading is that it allows you to benefit from the knowledge and experience of other Forex traders whenever you want. All you have to do is choose which profitable trader you wish to follow by looking at the chart and check the success of Forex traders, trading style, number of followers, etc. Once you find the trader or traders who do you think will make you money, everything you need to do is one click and its trades business will become your trades. For more information about social trading – eToro CopyTrader
You may not know about social trading, but this is a real revolution in the world of Forex market and Forex trading. Instead of wondering which currency to buy or sell, whether the currency will fall or rise, it is no longer necessary. The only solution is now to be taken is how much Forex traders want to trade for you and how much of the account you spend on each of their Forex trading. The more Forex traders you copy, the greater is the chance to reduce the risk of the portfolio.
Of course, you still have full control over Forex positions. All parameters are fully transparent, starting with a spread and ending with a percentage of your balance to invest in each trading. If you do not like the way you stop trading and change Forex trader or want to cancel the position on profit, it becomes immediately with a single click! No need to wait for your Forex trader to make a move – you can edit the positions immediately or close any deal at any time. And if the trader’s strategy is not working for you as a whole, one click and you unfollow him. This is the social trading.
In social trading goal is to gather a team of various Forex traders who you can copy indefinitely and then simply watch how your profits grow. Unlike Forex robots or paid traders in social trading on the Forex market, you do not owe anything to the Forex trader and the only thing you do is to make profits for you. Forex positions of others are doing your social trading.
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