Forex Social Trading: The Good and the Bad Forex Social trading is a relatively new concept in retail Forex trading and its popularity has grown substantially over the last few years. The concept that drives social trading—especially in Forex—is that the process offers an opportunity for Forex traders who trade online to retrieve information assembled […]
socialTrading networking channels
Social Trading is the process through which online financial investors rely on user generated financial content gathered from various Web 2.0 applications as the major information source for making financial trading decisions. Socialtrading introduces a new way of analyzing financial data by providing a ground to compare and copy trades, techniques and strategies. Prior to the advent of social trading, investors and traders were relying on fundamental or technical analysis to form their investment decisions. Using social trading investors and traders could integrate into their investment decision-process social indicators from trading data-feeds of other traders. These socialtrading networks can be considered a subcategory of online social networks.
Prior to the emergence of the Internet, financial trading was characterized by the relationship between customers and brokers and was centered upon the physical locations of bourses and exchanges. Traditional notions of social trading consisted of people following successful traders via newsletters. As the internet has gathered momentum,electronic trading has become a major focus for the trade in financial assets amongst individual investors. The widespread adoption of social media websites, like Facebook and Twitter, was followed in the financial trading industry with financial traders making use of the knowledge-sharing capacities provided. Financial traders and investors use these services as additional sources of information.
Online financial trading companies have exploited the popularity of new social networking channels, enabling fully fledged social trading networks to emerge and use social networks as their model. Among the first such networks were Tradeo eToro and ZuluTrade.
Trading Forex Online? Forex Social Trading Networks By Martin Grippen Forex online has become popular in the last couple of years. The online platforms are more user-friendly today than they were years ago. They provide the users on the platform with tools that can be useful in finding pips that can gain a profit. As […]
How Social Trading Can Put You Ahead in Forex By Olushola George Otenaike Social trading is the latest technique in forex and it is unarguably the easiest if compared to other techniques. If you want to make quick easy money in today’s forex market, going the social way will definitely put you ahead in the […]
Advantages of Forex Social Trading Networks and What to Consider: Copying a Trader in a Network By Martin Grippen Forex Social Trading Networks On the internet is a lot of trading information about how to trade Forex online; which currency pairs are bullish and which ones are bearish? The trading platforms have a lot of […]
TRADEO innovating Social Trading Cheak out out Live Tradeo Social trading page Many forex brokers try to be all things to all of us, but fail due to a loss of consciousness. Then there are corporations like Tradeo.com that do focus on a single area, innovate the carrier supplying nicely past industry requirements, and thereby […]