social trading
Mitglied seit Mar 12, 2018
40 Posts
May 28, 2018 at 08:11
Is social trading actually profitable and which platform do you use for social trading?
Mitglied seit Feb 22, 2011
4862 Posts
May 28, 2018 at 12:15
Hi,
it does not depend on social trading.
If you follow profitable trader then you are profitable.
Morex complex answer is about technical staff - what is profit in pips for a trade, how much of that is eaten by slippage. But that is second. First is to find profitable broker.
it does not depend on social trading.
If you follow profitable trader then you are profitable.
Morex complex answer is about technical staff - what is profit in pips for a trade, how much of that is eaten by slippage. But that is second. First is to find profitable broker.
Mitglied seit Mar 12, 2018
40 Posts
May 28, 2018 at 13:34
maria_taylor posted:Hello,
Is social trading actually profitable and which platform do you use for social trading?
Thanks for the quick response. First of all it is very difficult to find a good trader. Mainly i watch their trading history, maximum draw down, worst trade, best trade, overall performance. But even after looking all these factors i followed few 3 traders (demo account) , there winning trades were above 90 percent, still i am in loss.
can you please suggest me the best way to choose a profitable trader.
Mitglied seit Aug 27, 2017
994 Posts
May 29, 2018 at 09:51
maria_taylor posted:
Is social trading actually profitable and which platform do you use for social trading?
As Vontogr said, it doesn’t depend on your broker it depends on the traders trading skill, which one you are following.
Mitglied seit Apr 09, 2018
37 Posts
May 29, 2018 at 09:54
On the home page of this website there's the community outlook. You could probably do a lot worse then just fading that as most people seem to be wrong. Most of the community is long EURUSD, time to go short :)
forex_trader_458816
Mitglied seit Sep 11, 2017
124 Posts
May 29, 2018 at 09:55
maria_taylor posted:maria_taylor posted:Hello,
Is social trading actually profitable and which platform do you use for social trading?
Thanks for the quick response. First of all it is very difficult to find a good trader. Mainly i watch their trading history, maximum draw down, worst trade, best trade, overall performance. But even after looking all these factors i followed few 3 traders (demo account) , there winning trades were above 90 percent, still i am in loss.
can you please suggest me the best way to choose a profitable trader.
Its hard to find profitable trader here. As far as i know, most of the profitable trader now enjoying their life with the profit. But, @togr I think he is the one that you can ask for advise. He is very knowledgeable.
For me, if you want to choose trader to copy, better look on their strategy first. 1st, no martingale. 2nd no grid trading. But for DD, i think some of the good trader may a bit risk because lack of money to start with. Sure, if they have much money, they can use proper money management. This is my taught only. Some may disagree.
Mitglied seit May 13, 2018
8 Posts
May 29, 2018 at 10:04
Anyone with a 90% win rate is runing some kind of martingale system. keep away from those as they will blow your account in the end
Mitglied seit Mar 12, 2018
40 Posts
May 29, 2018 at 12:19
PinkPanther2000 posted:Then what is the best way to follow a trader.
Anyone with a 90% win rate is runing some kind of martingale system. keep away from those as they will blow your account in the end
Mitglied seit Mar 12, 2018
40 Posts
May 29, 2018 at 12:22
Its hard to find profitable trader here. As far as i know, most of the profitable trader now enjoying their life with the profit. But, @togr I think he is the one that you can ask for advise. He is very knowledgeable.
For me, if you want to choose trader to copy, better look on their strategy first. 1st, no martingale. 2nd no grid trading. But for DD, i think some of the good trader may a bit risk because lack of money to start with. Sure, if they have much money, they can use proper money management. This is my taught only. Some may disagree.Thanx for the advice, but i am not aware about martingale, what is it?
Mitglied seit Feb 22, 2011
4862 Posts
May 29, 2018 at 12:41
PinkPanther2000 posted:
Anyone with a 90% win rate is runing some kind of martingale system. keep away from those as they will blow your account in the end
Winning rate has nothing to do with martingale.
High winning rate is usually sign of NOT using stop loss, so you close only profitable trades and keep unprofitable running as long as possible.
Martingale on contrary should have fixed sl/tp to make sense to use it.
Mitglied seit Mar 12, 2018
40 Posts
May 29, 2018 at 12:42
Adribaasmet posted:to find out a skillful trader is the most difficult thing 😞.maria_taylor posted:
Is social trading actually profitable and which platform do you use for social trading?
As Vontogr said, it doesn’t depend on your broker it depends on the traders trading skill, which one you are following.
Mitglied seit Mar 12, 2018
40 Posts
May 29, 2018 at 12:42
nasrul_poyo posted:Thanks for the advice. can you please elaborate about martingale.maria_taylor posted:maria_taylor posted:Hello,
Is social trading actually profitable and which platform do you use for social trading?
Thanks for the quick response. First of all it is very difficult to find a good trader. Mainly i watch their trading history, maximum draw down, worst trade, best trade, overall performance. But even after looking all these factors i followed few 3 traders (demo account) , there winning trades were above 90 percent, still i am in loss.
can you please suggest me the best way to choose a profitable trader.
Its hard to find profitable trader here. As far as i know, most of the profitable trader now enjoying their life with the profit. But, @togr I think he is the one that you can ask for advise. He is very knowledgeable.
For me, if you want to choose trader to copy, better look on their strategy first. 1st, no martingale. 2nd no grid trading. But for DD, i think some of the good trader may a bit risk because lack of money to start with. Sure, if they have much money, they can
use proper money management. This is my taught only. Some may disagree.
Mitglied seit Apr 09, 2018
37 Posts
May 30, 2018 at 06:05
Martingale = double your bet size after each loss.
Mitglied seit Aug 27, 2017
994 Posts
May 30, 2018 at 06:15
maria_taylor posted:Adribaasmet posted:to find out a skillful trader is the most difficult thing 😞.maria_taylor posted:
Is social trading actually profitable and which platform do you use for social trading?
As Vontogr said, it doesn’t depend on your broker it depends on the traders trading skill, which one you are following.
Yes it is, that’s why; it’s a challenging job (success as an investor in Forex) for the investors too.
May 30, 2018 at 13:35
I have notice the following fact with social trading: During the peak performance the number of the investors sharply increases, while during the lets say drawdown period, the investors unsubscribed. That said, the investors themselves cut additionally the performance of the strategies. :)
Bottom line - even just by following other's strategies, the investor need to have some education or same knowledge to review strategy analysis and to take right decision :)
Bottom line - even just by following other's strategies, the investor need to have some education or same knowledge to review strategy analysis and to take right decision :)
forex_trader_458816
Mitglied seit Sep 11, 2017
124 Posts
May 31, 2018 at 06:20
Most of investors like to follow a nonsense return per month. If possible, they want a return 100% per month 😂
Mitglied seit Feb 22, 2011
4862 Posts
May 31, 2018 at 11:56
BaldoN posted:
I have notice the following fact with social trading: During the peak performance the number of the investors sharply increases, while during the lets say drawdown period, the investors unsubscribed. That said, the investors themselves cut additionally the performance of the strategies. :)
Bottom line - even just by following other's strategies, the investor need to have some education or same knowledge to review strategy analysis and to take right decision :)
exactly, investors are chasing the profits. So they follow the strategies at the moment strategy made the highest profit and very foten there is a sudden drop.
IMHO if you choose the strategy you should not change it so often.
Mitglied seit Aug 27, 2017
994 Posts
May 31, 2018 at 11:58
nasrul_poyo posted:
Most of investors like to follow a nonsense return per month. If possible, they want a return 100% per month 😂
Yes, it’s true; I have also notice they want unrealistic monthly return.
Mitglied seit Feb 02, 2017
37 Posts
Jun 01, 2018 at 13:33
I agree with the above comments. Investors tend to go with the wind. They follow the strategies momentarily and if the returns aren’t as per the set expectations they unsubscribe.
Mitglied seit Aug 27, 2017
994 Posts
Jun 03, 2018 at 06:28
darrengreg posted:
I agree with the above comments. Investors tend to go with the wind. They follow the strategies momentarily and if the returns aren’t as per the set expectations they unsubscribe.
Yes, they are greedy basically even I see, traders also lose their momentum badly because of their subscriber’s behaviors.
