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Social Trading and Copy trading in Forex: examining the subtleties Hello, today we are going to talk about copy trading. This article will be useful for those novice traders or those who aspire to successful trading and have not yet mastered the market. You will learn how to register on the social trading platform, choosing the right trader to copy, adjust the parameters and start copying trades automatically to your account. LiteFinance: Copy trading: review of a social trading system | LiteFinance In this article we will analyze: Social Trading and Copy trading in Forex: examining the subtleties What is Social Trading (copy trading in Forex)? How to start copy trading in forex? Types of copying in Forex What is Social Trading (copy trading in Forex)? This is a social trading platform that allows novice Forex traders or investors to copy professional trades to their accounts.
The platform brings together traders from all over Mexico Mobile Number List the world, which is very interesting as it gives opportunities to learn trading experiences and communicate with people from different trading backgrounds. An investor copies trades and shares a portion of the profit with the trader as commission. The commission amount is preset by the trader as a commission for copying trades, displayed in the trader ranking. Is that how it works. It is the only characteristic of social trading, except in systems like PAMM, the money is kept directly in the investor accounts and the operations of pro traders are copied directly into the investor accounts. Which means, the copy trading system helps newbies to trade successfully from the beginning.

Another big advantage is that investors can communicate with traders in dedicated chats or contact a trader directly and ask them before copying. Also, the system can be individually adjusted to limit risk. Trader monitoring (ranking) shows trading history, profit charts and risk estimates. Below we will give more details. The motto system is as follows: Social Trading brings traders from all over the world to form a successful community where they can use their experiences to achieve their goals. I will highlight a few simple steps that are needed to start copying: Register on the copy trading platform; Choose a trader in the Copy section using the multifunctional ranking; Fill the account; Adjust the parameters and start copying the chosen trader. Here are 4 simple steps.
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