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social trading

maria_taylor
May 29 2018 at 12:42
40 ieraksti
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 😞.

maria_taylor
May 29 2018 at 12:42
40 ieraksti
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
May 30 2018 at 06:05
37 ieraksti
Martingale = double your bet size after each loss.

Adribaasmet
May 30 2018 at 06:15
947 ieraksti
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 😞.


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

BaldoN (BaldoN)
May 30 2018 at 13:35
522 ieraksti
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
nasrul_poyo
May 31 2018 at 06:20
124 ieraksti
Most of investors like to follow a nonsense return per month. If possible, they want a return 100% per month 😂

togr (togr)
May 31 2018 at 11:56
4862 ieraksti
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.

Adribaasmet
May 31 2018 at 11:58
947 ieraksti
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.

darrengreg (darrengreg)
Jun 01 2018 at 13:33
37 ieraksti
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
Jun 03 2018 at 06:28
947 ieraksti
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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