Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

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Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore – Our Social Trading Edge technology is designed to be super easy to use for both mainstream traders and investors

Are you running out of great trading ideas, short on time or don’t have a winning trading strategy in mind? Do not worry! GMI Social Trading can help. Imagine looking over the shoulders of successful traders and watching them trade. Learn from them how to trade like a pro and automatically track their trades using GMI Social Trading Edge technology. You will have complete control over when to start and when to stop following their trades and strategies.

Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

Beginners to advanced traders can benefit from following Master Trader’s sophisticated trading strategies using the GMI Social Trading Edge

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GMI Social Trading Edge has a very intuitive interface that provides super easy ways to view and track Master Trader results

Clear and transparent monitoring of Master Trader’s performance in real time allows you to decide when to start and stop monitoring their trades

Automatically and instantly replicate selected Master Traders trades in your portfolio and also use it to diversify your trading risk with one click

You’ll have full account management rights at all times, and our online customer support team can help you 24/5

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Choose from a range of globally experienced ‘Master Traders’. The best trading strategies are at your fingertips in real time for you to review and eventually decide to follow and copy your trades as an ‘Investor’. You will share a percentage of your profits, agreed in advance with your main trader, in exchange for their successful and profitable trading ideas. Social trading brings together global traders to form a successful community where they can use each other’s experience to achieve their goals.

Copy the business of successful traders and earn from day one, or set up your own profitable copy trade and earn additional income in the form of commissions.

Get your own channel with useful information or create conversations with marketers who copy you to promote your profile on the platform

Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

A trader works on his account, shares trading successes and communicates with his subscribers in chats. In addition to the profit from his own trading, the trader also receives additional earnings as a percentage of the profit of his copy accounts.

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Copying trader (Investor) copies the jobs of experienced traders, and if the copied trades are profitable, they share a percentage of the profit with the trader in the form of a commission. The copy commission amount is determined by the merchant and displayed in the leaderboard.

This type of copy implies that the volume of the trade copied on the investor’s account is equal to the volume of the corresponding trade on the trader’s account.

For example, if a trader opened 5 lots in his account, the trade of 5 lots will be copied to the investor’s account.

This type of copying implies that the trade volume copied to the investor’s account is always identical to the volume preset in the copy settings.

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For example, if an investor sets a “fixed copy size” of 2 lots, and a trader opens 5 lots, 2 lots will be opened in the investor’s account.

This type of copy implies that the trade volume copied to the investor’s account is identical to the percentage of the respective trade volume on the trader’s account.

For example, if an investor places 50% and a trader opens 5 lots, he will open 2.5 lots in the investor’s account. The investor can set from 1% to 10,000%.

Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

This type of copy implies that the volume of the trade copied to the investor’s account is defined by the ratio of copy capital/trader’s equity capital. The amount of investor capital used to copy transactions is defined in the copy settings.

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In the case of using “All Equity” as a copy of capital, it will be equal to the current amount of funds in the investor’s account at the time of copying the trade.

The trade volume that is copied to the investor’s account is calculated as follows:

Trader’s Account Trading Volume * Equity Copy / Trader’s Equity = Investor’s Account Trading Volume Social trading platforms have become a popular choice for both new and experienced retail investors. There are many advantages when using social trading brokers to get inspiration for automatic investing. And in most cases, social trading software is built into the platform, so there’s no need for a computer expert to start trading.

Due to the popularity of this investment format, there has been a huge increase in the number of social trading platforms available to investors. On the one hand, more choice is great. On the other hand, it can make it difficult to find the best platform.

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To help you discover the right social trading broker for your needs, we’ll compare all the best social trading apps and platforms available in 2023.

Founded in 2007, eToro is a fintech company that allows investors to securely invest in multiple assets such as ETFs, stocks, cryptocurrencies and CFDs on stocks, ETFs, commodities, Forex, indices and cryptocurrencies. In CopyTrader™, you can copy the portfolios of top investors.

Copy trading fintech Darwinex transforms traders’ strategies into a new asset, “Darwin”, which protects traders’ intellectual property. You can list your strategies as indexes with verified results that other investors can see.

Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

NAGA is a social trading and investment broker owned by The NAGA Group AG, a company listed on the Frankfurt Stock Exchange. It allows you to copy the trades of top investors or invest in global financial markets. You can trade worldwide stocks, ETFs, cryptocurrencies, futures, Forex and CFDs on indices and stocks.

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ZuluTrade is the second largest social trading network, specializing in forex copy trading. You can trade currency pairs and popular cryptocurrencies using manual trading or CopyTrade. It makes it easy to find “leaders” to copy based on risk, prospects and how much you can invest.

Online broker offering real shares, ETFs and CFDs for various asset classes. Copy trading is not the core of this broker’s offering, but the “AutoInvest” and “Pies” features mean you can copy other investors’ pies.

EToro was founded in 2007. It is known not only for allowing investors to buy and sell financial instruments, but also for its social (copy) trading features. Today, it is one of the most famous intermediaries in social commerce, with over 30 million users worldwide.

On the platform, you can discuss investments, speculations and market news with other traders – and, of course, copy their strategies. The platform offers a wide range of funds suitable for beginners and riskier assets recommended for advanced traders, such as cryptocurrencies and CFDs (on stocks, ETFs, commodities, Forex, indices and cryptocurrencies).

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You can open a demo account to practice your investments before trading with real money. As far as brokers go, eToro is definitely among the best social trading apps available for any type of investor.

CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.

Darwinex started in 2012 and was originally just a technology provider, but has since expanded to become a brokerage that is fully regulated by the FCA (Financial Conduct Authority). The business mainly operates from Great Britain and Spain.

Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

You can create and copy ‘Darwin’ on the Darwinex platform. So, social trading is done by buying and selling assets that represent a certain trading strategy. It’s a pretty unique social trading platform.

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With Darwinex, you can also use a demo account to try things out first. Darwinex is not the easiest social trading platform, but experienced traders and investors are likely to like it.

NAGA is part of The NAGA Group AG, founded in 2015 and publicly listed on the Frankfurt Stock Exchange. This German FinTech has over a million active traders and is regulated by CySEC (Cyprus Securities and Exchange Commission).

You can open a multi-currency account and easily copy the trades of thousands of active leading traders and investors. The NAGA website has a wealth of information and resources (including live webinars, e-books and economic calendars).

If you want to try the platform first, you can use a demo account with a virtual balance of USD 10,000. It allows you to learn the ropes before you start investing real money using its social trading app.

Best Social Trading Platform

ZuluTrade was founded in 2007 and is one of the largest (and oldest) social trading platforms available. Based in Greece, ZuluTrade is not a social trading broker per se. But it allows you to link trading accounts held with brokerages to enable social (copy) trading.

According to ZuluTrade, 73% of investors profit from copying the trades of top leaders. This is much higher than the 11% to 26% success rate of manual investors. Unlike some other social trading platforms, ZuluTrade software is quite easy to use, making it one of the best social trading software applications for beginners.

ZuluTrade also offers plenty of tools and learning resources for those brand new to social trading and copy trading.

Social Trading Platforms: Strategies For Profitable Forex Trading In Singapore

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