What is Social Trading - Easy Step-by-Step Guide to Succeed
Join eToro 's social trading investment network revolution! Tap into the wisdom of the crowds by following and copying thousands of top performing traders.
The three best-known social trading providers in German-speaking countries are , ayondo and eToro. While investors at ayondo and eToro must open their accounts in order to copy the strategies of traders, investors at can follow the performance of the virtual portfolios via specifically issued wikifolio certificates.
There are many private groups of equity traders on the Whatsapp platform and the circulation of messages claiming to have credible “ khabar ” seems to be quite common. Such messages are often wildly inaccurate, and sometimes they are just rehashes of known consensus estimates. But in the cases mentioned in this report, the messages were extremely accurate and much closer to the reality of the results than the consensus estimates.
It’s a discipline accessible to all, but you still need to become a professional in order to succeed . This free course, combined with the next two, will give you the basics to start your journey into the investment world as quickly as possible.
Social trading provides a rich environment for you to thrive. The platforms give you access to tons of important and synthesized information you would need a lot of experience and knowledge to acquire otherwise. Through the perpetual data stream, social trading allows you to enter trades and make financial decisions without necessarily possessing the knowledge required to make the right moves. Social trading is the ultimate weapon for the new trader.
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Some companies may disappear as well. Alpari discontinued its TraderConnect social FX service in June 2014, IBFX discontinued Connect one month later, Currensee closed on October 31st 2014, ZipSignals ceased trading in December 2014, FxPro closed their SuperTrader platform in Q 2016, Signal Trader closed on December 5th 2016, Gallant “Trade Copier” ceased in April 2017 and TradeCrowd in June 2017.
Todd Gordon is a trader who knows the Elliott Wave Principle cold: See how he turned an Elliott wave setup into a successful trade.