UPDATE: USE THE PRIVATE SIGNALS GROUP FOR YOUR SOCIAL TRADING AS IT IS A PROFITABLE SERVICE.
Social Trading aka Copy trading or Mirror trading is a unique investment strategy that allows a “follower” to copy or replicate a particular trade pattern of other traders. These traders are also known as Signal Providers(SP) or Lead Traders.
With Social Trading, you don’t need to monitor the markets regularly in order to place a trade as this will be done by the signal providers.
The way Social trading works is simple: As the signal provider opens a trade in his/her account, the same trade is automatically opened and managed in your own account because you’ve subscribed to follow them.
This form of trading has proven to be very beneficial to most beginner traders who are yet to learn or unable to learn forex but still wants to participate in it.
Apart from generating income for themselves, a professional signal provider is also compensated based on the amount of profitable trades made in his follower accounts.
You can also become an SP yourself after you’ve learnt about the markets and are able to teach others how the stuff works.
👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it. What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.
Although there are various social trading platforms available, they all have a basic or general principle of operation.
No matter the type of platform (e.g Zulutrade, Ayondo e.t.c), they have the same working pattern:
Most times, there are no costs required to join any of the social trading platforms. However, you pay a little commissions called spreads which usually involves both the platform and the broker.
The only start up cost required on your part is the usual broker account funding and nothing else.
Since several Copy trading platforms can operate differently, some may require you to pay an extra money for the service of selection of the best signal providers and associated risk management settings. This is unnecessary because a follower can easily learn about how to select the best signal providers.
You don’t need any previous trading experience if you simply want to follow and copy other traders. However, a basic forex knowledge is required for to fully understand how your account is being managed by the SP.
Most platforms allow you to practice with free money for some time before you start the real trading. Hence, exposing you to how it works.
Whenever your chosen SP places a trade in their own account, it will take probably one to two seconds(Slippage) before the same trade is placed in your own account. Due to this, the opening price of the trade in your SP’s account may not be the same as yours. Besides, spreads are added to yours.
During tight periods like news releases, it may take even longer time before the trade is executed within your own account and when it takes too much time, it may no longer be placed and your social trading account may even be disconnected from your broker account.
This is a rare scenario and barely happens. However, when it occurs, you can quickly contact the live support to fix the problem if you don’t know what to do.
As i said earlier, you only need to fund your broker account. This now depends on the selected brokerage firm. But in general, the lowest i have seen so far is $50 when using Nordfx broker with Zulutrade platform.
No, the social trading platform normally requires that you open a new account using their own unique link for them to properly link both accounts and as well be recognized as the IB.
This depends on the broker of choice but in general most of them accept the ones that will suit you. They often offer deposit and withdrawals via Paypal, Webmoney, Skrill, Credit/Debit Cards(Mastercard, Visa, Amex e.t.c), Neteller, Western Union, MoneyGram e.t.c
Your funds are held within your broker account available for trading. Your are the only one who has access to your funds and can withdraw them at anytime within your broker account.
Your SP has no access whatsoever to either your funds, broker account or even your trading activities.
Traders from most Countries are allowed to participate in Social trading unless otherwise specified.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.