The biggest risk for me with these social trading platforms is the anonymity of the people you are copying. You never know who stays behind - is it a fake account run by unscrupulous broker or someone else who got lucky for a while. After all ask yourself a question - will these tools help you be profitable and make informed reasonable decisions.
Recently I've decided to learn how to trade on Forex. After a few weeks of researching I understood that the best way for me is to start with a Social Trading platform. (ofc after doing demos & micro accounts for some months)
Hi Veronica, no matter what solution you choose, my advice is to check carefully the regulation and research how it is all done about the social trading thing. I know from friends that mirror trading can lead to big losses. Alexandre has a good point about the anonymity of those who you may follow. I wish you good luck in finding the best option for you! I would recommend trying first the providers that are specialised in the social trading field.
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