Social trading: why it is necessary for the modern traders?
The modern financial market is significantly different from what it was before. And I’m not talking about the number of financial instruments and derivative assets. I focus on technical progress, as well as on the fact that even a bureaucratic market follows all the world trends. And if everything is clear from the technical point of view, everyone wants to simplify and automate his process, then as for “HYIPs”, I mean a social component. If earlier everyone kept a secret under their own algorithm and methods of work, today fix api traders are more open to share their opinions and forecasts. The social component has already penetrated quite deep into this sector. And you should not oppose her. I would even say the opposite – you should support and develop it, because it brings benefits not only to the beginners, but to professionals as well.
Social trading is not only the publication of authoritative media or analytical campaigns. We can form an effective network for ourselves, because everyone has his own strategy and several kinds of investment ideas that can be realized through joint efforts. Therefore, I consider the social trading for the following positions:
1. Possibility to form a positive image of a professional market participant;
2. Scaling your trading algorithm by providing trading signals (http://forexrobotshub.com/2018/05/18/l-3/ ) for the fix api forex;
3. Receiving comments from highly qualified specialists on the asset of their interest.
If we consider the trade socialization precisely from this angle, then we will have an incredible effect from this interaction. Let’s look at each of the options in more details.
A possibility to form a positive image of a professional market participant
Each of us, fix api traders, is obliged to work systematically in order to get a positive result. I recommend everyone to share these results and trade recommendations on the market, because it will allow you to gather around you followers of your approach. Other market participants will contact you for forecasts and recommendations. This will allow you to become an IB in most of the fix api forex brokerage companies and additionally earn on the partner terms.
Scaling your trading algorithm by providing trading signals
If your arsenal has a profitable trading system, then you can automate the process of supplying trading recommendations by copying the trading signals. Thus, you become a full-fledged manager and earn a paid subscription to receive these recommendations. There are autonomous resources that make it possible to duplicate trading recommendations right into the fix api MT4 trading account:
1. Trading signals from Mql (the trading terminal developer);
2. 1sforexsignal, which allows you to set the minimum price for the subscription price (https://1sforexsignals.com/);
3. Forexsocialnet, which allows not only to duplicate signals, but also to acquire the ready-made software in case of algorithmic trading.
These resources will give you an opportunity to provide paid signals, but for this you must have ready statistics and positive results.
Receiving comments from highly qualified specialists on the asset of interest
If you are interested in a particular asset that you have never traded with, then you can turn to another fix api trader for help. In turn, someone will contact you. We cannot be professionals in everything. As we cannot be champions in all kinds of competitions, feel free to ask questions and share your opinion. Only such a synergy will allow us to form an effective social trading.
I encourage everyone to lead an active social position in relation to the financial market. Only through joint efforts, we will be able to form effective communication and increase the financial result of each of us.>