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Don't Trade Ιn Fear: Utilise Social Trading

 

Social trading is a game-changer for all traders. This approach lets traders connect, learn from, and even copy the strategies of more experienced traders. 

Markets.com, a leading online CFDs trading platform, has embraced this method, offering the best social trading features designed to empower traders of all skill levels. 

Don't hesitate to learn about this popular trading strategy. This approach could be the cornerstone of success in your trading endeavours—learn and use it well!

 

How Social Trading Works on Markets.com

Social trading on Markets.com is similar to copy trading, where traders can automatically mirror the trades of successful strategy providers in their accounts. Markets.com offers an easy and transparent process for copy trading.

Traders can browse a list of top strategy providers, or what we call "signal providers", on Markets.com, each with detailed performance statistics and track records. 

The metrics include the provider's historical returns, risk level, average trade duration, and more. 

After analysing these stats, traders can identify providers whose strategies align with their own trading objectives and risk tolerance.

Once traders find the perfect signal provider, they can start copying their trades with just a click. 

Markets.com's advanced technology will mirror the provider's trades in the trader's account, proportional to the allocated funds. 

This means that when the provider opens, modifies, or closes a position, the same actions will be performed in the copying trader's account.

This can help you take your first step in trading: How to Create a Free MT4 or MT5 Account 
 

 

Benefits of Social Trading with Markets.com

The usefulness of social trading on Markets.com is twofold, catering to followers and signal providers.

As a Follower, 

For those who choose to become followers, Markets.com offers many opportunities to enhance their trading experience. 

With insights at your fingertips, you can seamlessly follow the strategies of top traders, acquiring valuable knowledge and inspiration from their successes. 

The platform streamlines the trading process by providing access to witnessed strategies, helping you to make informed decisions based on the analysis of experienced traders. 

 

an alarm clock with an arrow going up and down

 

Real-time signals ensure you never miss a potential market opportunity. You can instantly follow trades and capitalise on market movements.

Aside from that, Markets.com lets you automate the strategies of top-performing traders whose objectives align with your own. 

Also, by using different approaches to trading through top-performing strategies, you can achieve a more balanced and diversified portfolio, potentially mitigating unexpected risks and optimising your overall trading experience.

As a Signal Provider,

Becoming a signal provider on Markets.com presents a unique opportunity to monetise your trading skills and knowledge. 

As a top signal provider, you can earn a potential income by sharing your strategies with a wide community of followers. 

Markets.com offers a generous profit-sharing model, allowing signal providers to receive up to 50% of the profits generated from their followers' trades. 

One of the promising advantages of being a signal provider on Markets.com is the flexibility to set your performance fees. This autonomy lets you align your fees with your trading style, risk tolerance, and overall objectives. 

Furthermore, the platform automates monthly payments for profitable followers' trades, ensuring a seamless and hassle-free process for receiving your well-deserved earnings.

Perhaps one of the most appealing aspects of becoming a signal provider on Markets.com is the absence of upfront costs

Unlike other platforms that may require initial investments or fees, Markets.com authorises you to benefit from all the advantages of being a signal provider without any financial barriers to entry. 

Consider reading this as well: How to Open a Free Markets.com Demo Account
 

What to Expect When You Start Social Trading

Traders should always maintain risk management rules and conduct due diligence before copying any strategy.

A friendly reminder…

"Copied trades may not always align with an individual's risk tolerance or investment objectives." 

A strategy that works well for one trader may not be suitable for another. Therefore, traders should carefully assess each provider's performance, trading style, and risk profile before allocating funds.

Besides, traders should observe copied positions closely and adjust them as needed. 

Market conditions can change rapidly, and what worked in the past may not continue to be effective. Traders should be prepared to modify or close copied positions if they no longer meet their expectations.

This article may pique your interest: Why Ignoring Market Sentiment Is A Risky Approach
 

3 Quick Tips to Succeed in Social Trading

  1. Start Small: When copying a new strategy, initially allocate a smaller portion of your funds. This lets you evaluate the provider's performance in your account before committing more capital. 
  2. Diversify: Don't put all your eggs in one basket. Copy multiple providers across different markets and instruments to spread risk and potentially enhance returns.
  3. Combine with Personal Analysis: Social trading should complement, not replace, your market analysis and strategies. Use insights learned from copying successful traders to refine your trading approach.

 

How Social Trading Will Shape the Future

 

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As social trading's popularity continues to grow, we can expect further advancements and adoption in the coming years. 

Platforms like Markets.com will likely refine their risk controls and provider vetting processes to ensure a safer and more reliable user experience.

Regulatory bodies are also taking notice of the social trading phenomenon. They may implement tighter regulations to protect investors and maintain market integrity. 

It is essential for traders to stay informed about regulatory developments and their potential impact on social trading. Read the news regularly and listen to what leading traders say about today's market. 

Expand your knowledge with this write-up: 6 Strategies to Manage Risk in Futures Trading 
 

Get Started with Markets.com Today!

Social trading with Markets.com offers retail traders a powerful tool to connect with, learn from, and copy the strategies of successful traders. 

Traders can potentially enhance their returns and accelerate their learning curve by leveraging the platform's user-friendly features and carefully selecting strategy providers.

As with any form of trading, social trading carries risks that must be managed. Traders can maximise their chances of success by maintaining proper risk controls, diversifying across multiple providers, and combining social trading with personal analysis.

As online trading continues becoming more advanced, social trading will likely become a more refined trading method. 

Do not let this opportunity pass you by! Open an account with Markets.com and start your journey in social trading with the experts!

Start Trading Now

 


“When considering “CFDs” for trading and price predictions, remember that trading CFDs involves a significant risk and could result in capital loss. Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be considered investment advice.”

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