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Turning Social Trading into Knowledge & Profit
Wednesday, January 11, 2017
Expert: Barry Norman Hosted by: Trade 24- Forex
- Technical Analysis
- Social Trading
- Beginners
You probably already heard all about copy trading, social trading and social networking but do you know what you should know, like how to evaluate traders that you might want to copy. Do you know that thousands of traders are following other popular investors and earning steady profits?
What are the limitations and how to capitalize on what other traders are doing? It's safe to assume probably not. Even if you have done some research into who or what your copy trader is there is a good chance you did not find everything you need to know.
Each copy trader platform has a way to display the statistical success for each trader. It will either be a statistic on their profile page, part of a table of statistics on a leader board or a graph charting profits versus draw down.
As a copy trader, you are allowed the luxury to pick and choose from among a basket of top traders. You can even choose more than one trader. You should also know what is in the portfolio of your copy trader. Not all traders trade the same assets and not all assets provide signals all the time. Knowing the main assets traded by the investor is really how you pick your partners.
Use the collective knowledge of the crowd by copying the popular investors on your social trading network, quickly and simply. Watch as the trades are copied to your account automatically and manage your Copy Trading portfolio in a simple and transparent way. Remember, social trading give you lots of choices, including automatic trading or manual trading, signals and updates or you can just chat with others to share knowledge and information
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
What are the limitations and how to capitalize on what other traders are doing? It's safe to assume probably not. Even if you have done some research into who or what your copy trader is there is a good chance you did not find everything you need to know.
Each copy trader platform has a way to display the statistical success for each trader. It will either be a statistic on their profile page, part of a table of statistics on a leader board or a graph charting profits versus draw down.
As a copy trader, you are allowed the luxury to pick and choose from among a basket of top traders. You can even choose more than one trader. You should also know what is in the portfolio of your copy trader. Not all traders trade the same assets and not all assets provide signals all the time. Knowing the main assets traded by the investor is really how you pick your partners.
Use the collective knowledge of the crowd by copying the popular investors on your social trading network, quickly and simply. Watch as the trades are copied to your account automatically and manage your Copy Trading portfolio in a simple and transparent way. Remember, social trading give you lots of choices, including automatic trading or manual trading, signals and updates or you can just chat with others to share knowledge and information
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.