If you are too busy to follow the news and monitor the charts all day, it is possible to participate in Forex trading in an easier and less time consuming way. Social trading allows you to connect with experienced traders, see their performance statistics, discuss their trading ideas, learn from their mistakes and copy their successful strategies. In essence, you make professionals work for 1you.
Choose a Platform
Even if you are new to Forex, there are beginner friend-
ly platforms likeeToro (10 millions users) that offer you an interesting opportunity - to follow the best traders and copy their transactions.
Follow Top traders
Discover traders you want to follow and add to your watch list. View their past performance stats, read status updates on their strategies, analyze results and communicate with them.
Copy their trades
If you are satisfied with the results and trading style, you can copy their trades with one click of a button.
Learn and Profit
Now you can sit back and watch how experienced traders do the work for you. Your task is to carefully analyze their results and learn as much as possible from their trades. The ultimate goal of social trading is to build a portfolio of the best traders. You must have traders‼ with different risk appetite and various currency.