Social trading is a relatively new way of online investing that allows interested users to access information via social networks.
In contrast to fundamental analysis and technical analysis, with social trading the information is generated by other users, thus allowing newcomers to the industry to trade without necessarily having to go through the analysis phase.
In essence, investment decisions are made on the basis of processes carried out by other traders, who are often more experienced and better able to interpret what is happening in the industry and the market.
By linking your profile to another trader, you will be able to set an instruction to copy part or all of his or her positions in the market, so that you will ‘follow’ what your trusted investor has done.
In other words, once you have chosen the trader you want to follow, if the trader you want to follow opens a new position, you will also open a new position; if the trader closes the position, the same position will also be closed in your portfolio.
Naturally, if the trader makes a profit, you too will make a profit, while – just as intuitively – if he makes a loss, you too will make the same loss.
In short, a nice helping hand for all traders and a useful tool to shorten the learning curve for newbies to online trading.
Blink Trades LLC is incorporated in St. Vincent and the Grenadines, registered number 1733LLC 2022 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines. 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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