What is Social Trading – Easy Step-by-Step Guide to Succeed
So, are you curious to find out what is Social Trading?
In these 12 chapters guide you will discover everything you need to know about this innovative form of investment.
The simplicity of Social Trading has enabled hundreds of thousands of people to approach the world of investment. But be careful. The fact that it is simple, does not mean that it is also so easy to be successful and make money.
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.
What are you waiting for?
- The History
- The Key Players
- The signals replication process
- Being a Signal Provider
- Being a Follower
- Signal Providers characteristics
- Signal Provider categories
- The Risk factor
- Equity Line and Drawdown
- Money Management principles
- The expectations
- Ready, set, go! Invest!
What is Social Trading
Social Trading, among the various types of investment instruments, is a last generation investment discipline, born thanks to Web 2.0. It allows the investor, even if inexperienced, to copy automatically the financial transactions made by one or more professional investors inside a trading network.
Here’s our personal Top 10 of the best Social Trading Networks.
Investors from which to copy can be selected either by observing their track records their performance, either interacting with other investors inside social trading platforms (among the best, we can mention eToro, ZuluTrade and Ayondo).
Social Trading is therefore a particular form of trading that is made by the investor not on the market but on the traders that operate on the market (or even on a traders’ fund with the eToro CopyFunds), trying to choose the one that best meets his needs in terms of risk appetite, return on the investment and other useful operational characteristic.
In addition, working via server, operating with Social Trading does not even require to have always your computer turned on and running programs.
This new field born and developed mainly due to the Forex market and the use of MetaTrader platforms, and even today the Forex Social Trading remains the most widely used sector, despite the advent of CFD is enabling the expansion into a number of other derivative instruments (shares, indices, commodities, bonds, interest rates, etc).
This course focuses specifically on Copy Trading, but is also perfect for Mirror Trading, since the latter has just one step less.
However, as we will see, since both sectors have evolved and expanded through the new 2.0 technology of social networks, the trend of the entire industry is to call everything Social Trading. So, we adapted too.
The Social aspect of Social Trading
In Social Trading the user is no longer alone, but is surrounded by thousands of investors who, like him, are trying to make the right choices and avoid following all those traders who are not professional, relying only on the best.
This interaction between users can definitely bring benefit in some cases, but you should not overestimate it.
- Would you accept an advice from someone who is not at all more experienced than you?
- If you knew that the strategy of a trader is very risky, would you trust the positive votes of those who, up to that moment, have made money, but are unaware of the impending danger?
- Would you run with a minivan in the same way you would run with a sports car?
- Similarly, would you make the same choices as those with ten times your capital, without worrying about differences in weight and volumes?
If your answer is no, then you’re already on your way.
The “Social” attribute in Social Trading can be a good thing, definitely innovative and in some ways can be an advantage compared to being completely left to yourself, but you have to take everything very cautiously and be clear about one thing.
This is not about commenting your friend’s photos, sharing your thoughts with the world, discussing of politics, of your passions, or in general interacting in a social network as you would do every day.
Here we are talking about Social Trading networks, we are talking about money. And money is a very serious thing.
When it comes to money there are two solutions. Either you rely on the advices and choices made by other strangers, and with Social Trading is possible (but I have just shown you it’s very risky), or you learn yourself to invest, with methodologies and professional practices, and you become yourself the creator of your fortune.
As the ancient Romans said,
“Homo faber fortunae suae”.
Once this is done, then you can use the social aspect of Social Trading as a side dish, and support your strategy. Investingoal is here for this. Obviously, Social Trading, as any other form of investment, involves risk.
But here’s the good news.
Does Social Trading work? What are the benefits?
You have and will always have the full control over the operations the trader you have chosen will execute, and on your money.
The property of your trading account will always be yours, you will not deliver your money to anybody, you’ll be able to manage every single aspect of your investment and always have everything under control, at all times.
It is not like consigning your money in the hands of some other operator, only to be told at some point, “Sorry, it didn’t go as we thought, your money is not there anymore.” You can control everything, and decide whether to continue, stop or change anything at any time.
This is a huge opportunity, which in contrast, however, requires you to be fully responsible. The reward for this thy duty is that the percentages of return on your investment (ROI) can be much higher than any other traditional method.
In order to be responsible for your success, and get these great returns, it’s necessary that you are well prepared and carefully study the lessons of this course.
But please, don’t worry.
Making Social Trading successfully is not as complicated as doing Forex trading as a retail trader.
Get started now. This guide is the best place to start.
“description”: “Discover what is Social Trading and how to Effectively Invest in this innovative sector with the free Step-by-Step Guide by InvestinGoal. Learn More Now!”,