Social Trading is a new way to access and utilize effectively the Forex Markets. It is an exciting platform designed from the ground up to connect traders from around the world. The subscribers enjoy a competitive advantage gained by the access to the insights and collective wisdom of huge trading network.
It is also known as the Copy Trading or the Signal Trading and is a good way to make money in the Financial Markets without having any education or experience of the Markets. It is also good for those who want to harness the potential of the Forex Market but do not have the time to spend analyzing the markets and opening the trading terminals to place trades.(Like the Community Support on Dukascopy Community). He is always busy moderating the content. So his contest account is always low and he can use Social Trading service of Dukascopy to make money while he is reading blogs and articles of the Community members.
THE CONCEPT OF SOCIAL TRADING
- It is very straight forward. Other traders make their trades. Their historical profit and loss are visible to subscribers.