Best Social Trading Platform - 2019

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Choosing the best Social Trading Platform

The best social trading platforms allow traders to interact with others, monitor their trades and then decide whether they are worth duplicating. By copying trades, traders can learn which strategies work and which do not work. Many of the top social trading platforms also include copy-trading, sometimes referred to as auto-trading, capabilities in their social platforms where investors can automatically copy or mirror the trades from other traders on the network in their own trading account. Forex social trading brokers display a real time listing of other traders’ activities and achievements directly on their websites in order to enhance a trader’s success. Some social trading platforms, such as the Sirix Social Network, allow a trader to select to follow a specific master trader who already has a long list of copiers. When the master trader opens a new position, so do all of his followers thus widening the trader’s trading opportunities. Since social trading platforms are based on the ability to follow and copy as many traders as possible worldwide, the best social trading ¬¬platforms would be those that offer the largest and most active social trading community of Forex traders. They would also include those Forex brokers that offer the most efficient copy trading capabilities since this would allow traders to place more trades at any given time. Lastly, the ability to synchronize order executions between several trading accounts (between a signal provider and followers) is another feature that can push a social trader broker to the top of the rankings. Check out the list below to see who we recommend as the best social trading providers.