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Social Trading Broker for a Newbie

Alexandre (AlGauthier)
Nov 22 2016 at 15:52
35 příspěvků
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.

Alexandre (AlGauthier)
Nov 22 2016 at 15:54
35 příspěvků
NikeAisling posted:
Thanks a lot for your advices, Livingrock & Alexandre :)

You are welcome and keep it up! 😄

Nina (NEEnah)
Nov 23 2016 at 09:44
71 příspěvků
NikeAisling posted:
Hi, everyone!

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.

Nov 29 2016 at 07:43
35 příspěvků
NikeAisling posted:
Most notable platforms are eToro, ZuluTrade, Darwinex & MQL5. I've also heard of MirrorTrader.

Out of these I heard good things about eToro. About the rest I am not sure. Have you chosen one already? Would be cool to hear your experience 😄

Once a trader, always a trader!
Alexandre (AlGauthier)
Dec 05 2016 at 16:07
35 příspěvků
LLewis posted:
Have you chosen one already? Would be cool to hear your experience 😄

Yes, it is interesting to see the result from the selection. I hope all was good.

Jay (lee42747)
Dec 08 2016 at 10:59
49 příspěvků
Hello everyone, do you know if platforms like MT4 or MT5 have some social trading plugins or features? I use currently MT4 but look into getting a good understanding of MT5 as well.

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