Social trading is a form of online trading that has revolutionized the way people trade in financial markets. It is a type of trading that allows traders to follow the trading activities of successful traders known as “Providers.” The concept of social trading is based on the idea that traders can benefit from the expertise and strategies of successful traders, by following and copying their trades in real-time. This has made it possible for novice traders to learn from experienced traders and make profitable trades.
The success of social trading lies in the fact that it allows traders to learn from other traders, collaborate with them and even copy their trades. This makes it easier for traders to enter the financial markets, without having to possess years of experience and knowledge. It also makes it possible for traders to have a diverse range of trading strategies to choose from.
A “Provider” in social trading terminology refers to an experienced trader who shares their trading strategy with less experienced traders. These providers usually have a track record of successful trading and are willing to share their knowledge and expertise with others. Providers may have different trading styles, ranging from conservative to aggressive, and may use different trading instruments. They may also have varying levels of risk tolerance.
The concept of social trading allows providers to share their trading strategies with other traders in exchange for a percentage of the profit generated by following the strategy. This gives them an opportunity to earn additional income by leveraging their trading expertise. The more successful the provider is, the more attractive their trading strategy becomes to other traders.
Brokeree is a platform that specializes in social trading activity. The platform enables brokers to deploy their own social trading portal, which attracts a wider audience of traders. Brokeree’s social trading portal is a ready-to-use platform that can be customized to suit the specific needs of the broker. The portal includes a range of features, such as performance statistics, trading history, and real-time trading signals.
Brokers who use Brokeree’s social trading portal have the option of charging traders a percentage-based platform fee as payment for their services. This fee is usually deducted from the profits earned by traders who follow the trading strategies of the providers. The fee charged by the broker is a way of monetizing the social trading activity, and it can be a significant source of revenue for the broker.
Blink Trade Ltd is incorporated in St. Lucia. Registered address: Ground Floor, Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. Registered number: 2023-00147 by the Registrar of International Business Companies. Office: Aspect Tower, Office 2002, Dubai, Phone number: +97145298809 The information on this site is not directed at residents of the United Kingdom, United States, Canada and Japan. Risk Warning: Contracts for Difference (CFDs) are complex financial products that are traded on margin. CFDs carry a high level of risk and may not be suitable for everybody as you may sustain losses which exceed your initial deposit. Therefore you should not deposit money that you cannot afford to lose. Leverage can work against you as well as for you. Before deciding to trade CFDs, you should carefully consider your trading objectives, level of experience and risk appetite. You should be aware of all the risks associated with trading CFDs and seek advice from an independent adviser if necessary.
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