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The concept of social trading isn't new. The proliferation of internet and the emergence of social networking websites have only given the concept a new dimension that has made the process of trading more inclusive and user-friendly. Before the internet, the traders used to learn from the successful ones through newsletters and journals. However, the emergence of internet and social networking websites has given both types of traders – novice and veterans – an opportunity to learn and share with others and expand their portfolio. Through social trading, an individual trader can make his/her own decisions about investments after learning from the moves of others. She/he can also choose to 'copy' their trades as well. It is actually a concept that enables traders from all over the globe to get a real-time feed of the views and trades being made by others. A beginner can seek the advice of an expert about how to go further and thus he/she doesn't have to really on his/her own technical knowledge only. One can observe how the top players make their moves. There are several social trading networks offering a platform to those wanting to connect and interact with their ilk from across the world. Here we take a look three such network providers – Zulutrade, eToro and Curunsee. Zulutrade offers the connectivity with thousands of traders from all over the globe. It spares one the need to study the market and then make decisions. Instead of this, a trader will select those whom he/she considers as the top performers and follow them. The platform converts their trades and decisions into the account of their followers. Of course, the decision to close a trade rests with the individual at any point of time. It is also possible to review each and every single trade made by the trader you want to follow. EToro allows the trading of currencies, commodities and indices online. It offers a chance to traders to learn, exchange views with that of others. Then it has a feature known as Copy Trader which allows to automatically copy the trades of other members. It has other features that help in assessing the risks involved in advance. There is a guru finder feature that helps in searching for the traders with the parameters of your choice. Curunsee enables people to link their live FX trading accounts with its social networking platform. By this, it creates an ecosystem in which the members can see what other traders are up to and make decisions accordingly. Like Zulutrade, Curunsee also allows its members to follow Trade Leaders and automatically convert decisions into their accounts. After making the choice, one can decide how much of the capital should be invested in each leader. Tradenextglobal (UK) is leading Forex Broker UK help you in Fx Trading Broker . We are one of the best forex brokers, offers automated trading, MT4 Broker, cfd trading online and other fx trading services.
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