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social trading
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maria_taylor

Mitglied seit Mar 12, 2018  39 Beiträge maria_taylor May 29 at 12:42
Adribaasmet posted:
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.

to find out a skillful trader is the most difficult thing sad].

maria_taylor

Mitglied seit Mar 12, 2018  39 Beiträge maria_taylor May 29 at 12:42
nasrul_poyo posted:
maria_taylor posted:
maria_taylor posted:
Is social trading actually profitable and which platform do you use for social trading?

Hello,
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.

Thanks for the advice. can you please elaborate about martingale.

ComebackKing

Mitglied seit Apr 09, 2018  29 Beiträge ComebackKing May 30 at 06:05
Martingale = double your bet size after each loss.

Adribaasmet

Mitglied seit Aug 27, 2017  267 Beiträge Adribaasmet May 30 at 06:15
maria_taylor posted:
Adribaasmet posted:
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.

to find out a skillful trader is the most difficult thing sad].


Yes it is, that’s why; it’s a challenging job (success as an investor in Forex) for the investors too.

BaldoN

Mitglied seit Feb 12, 2016  518 Beiträge Baldo (BaldoN) May 30 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 :)

nasrul_poyo

Mitglied seit Sep 11, 2017  86 Beiträge Nasrul EJ (nasrul_poyo) May 31 at 06:20
Most of investors like to follow a nonsense return per month. If possible, they want a return 100% per month yell

MM is the key to success
togr

Mitglied seit Feb 22, 2011  3864 Beiträge vontogr (togr) May 31 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.

I like what I trade, I trade what I like
Adribaasmet

Mitglied seit Aug 27, 2017  267 Beiträge Adribaasmet May 31 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 yell


Yes, it’s true; I have also notice they want unrealistic monthly return.

darrengreg

Mitglied seit Feb 02, 2017  37 Beiträge darren (darrengreg) Jun 01 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.

Adribaasmet

Mitglied seit Aug 27, 2017  267 Beiträge Adribaasmet Jun 03 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.

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