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social trading
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maria_taylor

Medlem sedan Mar 12, 2018  39 poster maria_taylor May 28 at 08:11
Is social trading actually profitable and which platform do you use for social trading?

togr

Medlem sedan Feb 22, 2011  3966 poster vontogr (togr) May 28 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.

I like what I trade, I trade what I like
maria_taylor

Medlem sedan Mar 12, 2018  39 poster maria_taylor May 28 at 13:34
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.

Adribaasmet

Medlem sedan Aug 27, 2017  327 poster Adribaasmet May 29 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.

ComebackKing

Medlem sedan Apr 09, 2018  34 poster ComebackKing May 29 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 :)

nasrul_poyo

Medlem sedan Sep 11, 2017  88 poster Nasrul (nasrul_poyo) May 29 at 09:55
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.

PinkPanther2000

Medlem sedan May 13, 2018  6 poster PinkPanther2000 May 29 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

maria_taylor

Medlem sedan Mar 12, 2018  39 poster maria_taylor May 29 at 12:19
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

Then what is the best way to follow a trader.

maria_taylor

Medlem sedan Mar 12, 2018  39 poster maria_taylor May 29 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?

togr

Medlem sedan Feb 22, 2011  3966 poster vontogr (togr) May 29 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.

I like what I trade, I trade what I like
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Net Inflation (1h 24min)
EUR/USD stays neutral, attention to 1.16...(2h 12min ago)
EURUSD 1.15737 GBPUSD 1.32154
USDJPY 112.074 USDCAD 1.29695

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