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social trading

TLAB73455
Jun 03 2018 at 06:40
2 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 😞.


Hi

I just discovered this thread.
At the actual form Social trading can't work whatever is the platform.


darrengreg (darrengreg)
Jun 05 2018 at 13:21
37 ieraksti
Adribaasmet posted:
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.


yes traders if learn to control their emotions and do not get carried away with short term profits or losses can make sustainable returns from social trading as well.

maria_taylor
Jun 06 2018 at 06:26
40 ieraksti
TLAB73455 posted:
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 😞.


Hi

I just discovered this thread.
At the actual form Social trading can't work whatever is the platform.


Although it’s your personal thought but I slightly differ from your opinion. The idea behind social trading is that traders can capitalize on other successful traders’ knowledge to make smart investment decisions. A trader has to be smart enough to choose a reliable platform and rational in picking up the traders. In spite of the fact that I was not able to pick a profitable trader that drove me to incur losses.

Nasrul
nasrul_poyo
Jun 06 2018 at 06:55
124 ieraksti
Investors really need to do some research before copy the leaders. I told u the truth. EA maker can generate a nonsense monthly return but this EA is not for long term and its depend on luck. So, it may give u very nonsense profit for the 1st 6 months, but after that, u may loss all ur capital.
Social trading can make profit but u must choose traders wisely.

Sebastien
Masa13
Jun 06 2018 at 08:42
28 ieraksti
You could also follow, withdraw often and if the leader crash your account, take withdrawn benefits and follow another leader

maria_taylor
Jun 06 2018 at 08:43
40 ieraksti
nasrul_poyo posted:
Investors really need to do some research before copy the leaders. I told u the truth. EA maker can generate a nonsense monthly return but this EA is not for long term and its depend on luck. So, it may give u very nonsense profit for the 1st 6 months, but after that, u may loss all ur capital.
Social trading can make profit but u must choose traders wisely.

Yes I completely agree with you. This is what I was trying to say that to be profitable in social trading you need to be smart enough to pick up a good trader.

togr (togr)
Jun 06 2018 at 09:47
4862 ieraksti
maria_taylor posted:
nasrul_poyo posted:
Investors really need to do some research before copy the leaders. I told u the truth. EA maker can generate a nonsense monthly return but this EA is not for long term and its depend on luck. So, it may give u very nonsense profit for the 1st 6 months, but after that, u may loss all ur capital.
Social trading can make profit but u must choose traders wisely.

Yes I completely agree with you. This is what I was trying to say that to be profitable in social trading you need to be smart enough to pick up a good trader.


You can always make a deal with good trader (like me of course :) ) and limit your risk per agreement to like 10 or 20 %
Thus getting profits each month you are safe to always be in profit..

maria_taylor
Jun 08 2018 at 12:24
40 ieraksti
togr posted:
maria_taylor posted:
nasrul_poyo posted:
Investors really need to do some research before copy the leaders. I told u the truth. EA maker can generate a nonsense monthly return but this EA is not for long term and its depend on luck. So, it may give u very nonsense profit for the 1st 6 months, but after that, u may loss all ur capital.
Social trading can make profit but u must choose traders wisely.

Yes I completely agree with you. This is what I was trying to say that to be profitable in social trading you need to be smart enough to pick up a good trader.


You can always make a deal with good trader (like me of course :) ) and limit your risk per agreement to like 10 or 20 %
Thus getting profits each month you are safe to always be in profit..

Great 😀
It seems my search for good trader has end now 😀.

togr (togr)
Jun 10 2018 at 05:58
4862 ieraksti
maria_taylor posted:
togr posted:
maria_taylor posted:
nasrul_poyo posted:
Investors really need to do some research before copy the leaders. I told u the truth. EA maker can generate a nonsense monthly return but this EA is not for long term and its depend on luck. So, it may give u very nonsense profit for the 1st 6 months, but after that, u may loss all ur capital.
Social trading can make profit but u must choose traders wisely.

Yes I completely agree with you. This is what I was trying to say that to be profitable in social trading you need to be smart enough to pick up a good trader.


You can always make a deal with good trader (like me of course :) ) and limit your risk per agreement to like 10 or 20 %
Thus getting profits each month you are safe to always be in profit..

Great 😀
It seems my search for good trader has end now 😀.


Welcome on board :)

OutsideTheBoxHK
Jul 01 2018 at 07:47
129 ieraksti
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.


I have 14 years trading experience, only now am profitable consistently.
And even that we shall see if it lasts, if I can gain enough knowledge, control over emotion, and discipline in order to control risks, my trading strategy, and the day in day out slog of the ever tricky markets.

Here is my list of winning at social trading:

1. Start with a reputable broker: Halifax, Pepperstone, AxiTrader, and HotForex is ok too
2. Look for traders with track records over one year.
3. Drawdown under 40%, and more importantly Growth-to-drawdown ratio over 10. This is the key metric to me.... ratio of profit to possible drawdown.
4. The risks must be controlled for a strategy to succeed over time. Give it enough time and the real winners always keep profiting and even their periods when their strategies underperform don't knock them out because they limit their losses so that they have capital with which to launch the next growth spurt. Normally once they've re-assessed, taken time out to rest and reflect, and waited for the markets to change or settle out of the dynamic that perplexed their strategy in the first place.
5. MAE/MFE is a very overlooked statistic but it also will tell you a lot about the decisions of a trader. Are they holding on to their losers too long? Do they cut their winners short?
6. Sharpe ratio does a good job of picking winners (but it is calculated differently across the industry - so you can only compare apples with apples when using this statistic)
7. If you are trade copying for monthly price, always withdraw as many profits in the beginning as possible, and recover your initial investment as soon as you can. Then you are investing with profits only.
8. If you are following a strategy with High Water Mark Performance Fees, invest a relatively small amount for 3 months, and then add to your investment as your manager proves his skill.

Listed at Darwinex or Trade Copying (MQL5, SignalStart). Please vouch for my system. “Learn from your mistakes and do not give up!”
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