First and foremost we must clearly define what “Social Trading” ,means and why it is of great interest to us. Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders and to follow their investment strategies using copy trading or mirror trading. Bottom line it works just like an ordinary social network where, instead of uploading the all too common photos of cats and food you share trading ideas.
“But where did it sprout from” you might ask yourself. When thinking about trading you have to take in consideration the extensive knowledge and experience you have to acquire. Moreover you must consider the time you spend to always be “en garde” when the news events strike and also you must be able to read charts, analytic reports and understand the market trends. Some of you might find this to be a challenge you are willing to take but others might be put off by this. And so social trading was born, a particular way of trading that is made by the investor not on the markets themselves, but on the traders that operate on the market. This form of trading comes with a less steeper learning curve and you only have to do some research and pick the trader the best meets your needs in terms of risk appetite, return on investment and other operational characteristics.
1.It drastically enhances the learning process
While it may be fun to struggle to learn to trade all by yourself and waste most of your money on it(not), we would suggest you to rather pick up a good trading course like the one you can find here. While climbing the learning curve, invest some money in a social trading account where you can see how seasoned investors tackle the markets. After all there is no better way to learn a craft that watching a seasoned artisan practicing it.
2.Earning while learning
You don’t have to stall your money making just because you have to study. Through social trading you can still learn to trade the markets while others take care of your money.
How to get started
Firstly, you must pick a social trading broker and then create an account, that easy.
You should check out eToro, a great and wonderfully optimized social trading platform. It has features such as News Feed, Copy Trading and demo accounts for users who would like to get familiar with it before spending any money. You can access this platform by clicking here.
Creating an account on eToro is as easy as it gets.
1.Click on the Register Button
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2.Fill in the form with all the necessary information
3.Confirm your account via email
Do not forget to go through their mini-tutorial that will run you through all the necessary functions of eToro.
If eToro doesen’t seem to be the best choice for you, then just go and have a look at ZuluTrade that has a great suite of servicies like LockTrade, Automator, ZuluScript, ZuluGuard and much more that allows you to register a profit while greatly diminishing the risks. You can access this platform by clicking here.
Creating an account on ZuluTrade is basic aswell.
1.Click on the Register button
2.Fill in the form
3.Confirm the account via email
In case you encounter any kind of difficulty while registering on one of those two social trading platforms, do not hesitate to check out this video.
If this article was useful to you, join us for free technical analysis, trading signals and mentoring on www.lstinvesting.com .
Stay Green!
----------
You should check out eToro, a great and wonderfully optimized way to earn money. You can access this platform by clicking here. Creating an account on eToro is as easy as it gets.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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 your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
MONTHLY YIELD | ||
---|---|---|
January 2025 | ||
Procent + | Procent - | Total |
17.26 | 6.00 | 11.26 |
December 2024 | ||
Procent + | Procent - | Total |
28.69 | 3.54 | 25.15 |
November 2024 | ||
Procent + | Procent - | Total |
30.78 | 1.25 | 29.53 |
TOTAL | 65.94 |