Social Forex Traders

Social forex traders are forex traders that let other people copy their trades. They will make themselves visible by joining a social trading platform that enables other people see third trades and track record. That way members of the social trading platform can view their stats, trading style and track record and decide if they want to copy one or more traders.

A symbiotic relationship - what is it good for?

Social forex trading is based on a symbiotic relationship between the social forex trades and their  audience. Beginners or people who just don't want to invest the time need for forex trading, can automatically copy trades of trusted traders.

That creates a win-win situation where a social trader get's paid as more people follow his trades, and the follower gets to use the social trader expertise. once a follower chooses to copy a specific social trader or traders, the trades they execute will also be executed in the followers account.

The platform

The social trading platform is where people interested in coping other traders find social forex traders to copy from. the platform gives you a pool of traders you can copy, data on each trader and historical performance. That way you 

Where can you find social forex traders to follow?

How many traders should one copy?

eToro - Your Social Trading Network

eToro is the leading social trading platform out there. You can see what profitable traders do, learn from them or even set your acount to automaticly copy trade trading. You can sign up here right now or watch the explanation video first.

Your Social Investment Network

So, did you like what you saw? If you did, you cant start right now by creating your account. it takes about 30 seconds. Click here to open an account today.

The Social Forex Trading blog

The Social Forex Trading blog starts posting today!

I'm very excited about this blog. Trading forex and the financial markets was always a goal for me, a way to try and create to myself an alternative income source. I'm not in a position to quit my day job, and I was looking for a way to reduce my dependence on my job over time. Now i think i found the best solutions for myself - social forex trading.

I'm only starting, and this blog will be a sort of a journal for me as i take my first and hopefully first steps in the world of social forex trading. I hope that over time I will be able to gather useful resources about social trading specifically and about trading in general.

I wanted to start trading for myself for a long time, but life seems to always get in the way. You probably know how it is, work, school, family or a list of errands that seem to be ever growing will always be there. Not only that I felt I didn't have time to trade properly, I felt I wasn't building any momentum. With social trading, I can copy the trades other traders execute automatically or use my own judgemnt and trade for myself using ony the trades I like. I also can build a portfolio of the traders I like the best and monitor it to get trade ideas or just put up an automatic account that will follow the trades of the traders i choose to follow.

That way I hope to make profit from their trading skills and to start gaining momentum by following my portfolio and trading by myself. If i can follow a trader with a solid track record, why not take trading ideas, right?

So far I one platform that seems to by the leading social trading platform today. So I'll share it with you on the first post of this blog. It's completely free to sign up and take 30 seconds, so you can even do it right now, all you need is an E-mail account. Click here to sign up to eToro.