Social Trading...

[mazgul]

Hi Guys/Girls,

After a quick search of google you seem to be the right people to be asking about this...

Recently I have come across a 'Social Trading' website called Link Removed I have a number of friends who have recommended it to me saying that its the best way for people who have limited time or experience to 'cut their teeth' so to speak following / copying their top performers...

I'm keen to find out your own opinions on the matter and what you would advise that I do?

Thanks,

Tom

 

[josch]

Hi Tom,

you already are on the best way to make money. Why asking for opinions?
You're showing YOUR AFFILIATE LINK of the signal-provider, not very wise.
Sure your friends recommended, they are paid by ETORO too?

 

[jago25_98]

Big spreads at eToro regardless of profit. Ayondo only pays on profit but has no professional signals at the moment. C2 needs a big balance to justify the big fees. Curensee is expensive too. ZuluTrade charges when you make a loss.

So they're all basically no good and you're unlikely to make a profit.

 

[josch]

Big spreads at eToro regardless of profit. Ayondo only pays on profit but has no professional signals at the moment. C2 needs a big balance to justify the big fees. Curensee is expensive too. ZuluTrade charges when you make a loss.

So they're all basically no good and you're unlikely to make a profit.

I just started a thread "Checking Signal Service Providers" to make an objective comparison between some signal providers, you may be interested in. But, who is C2 and what do you mean by Ayondo "has no professional signals at the moment"?

 

[jago25_98]

I just started a thread "Checking Signal Service Providers" to make an objective comparison between some signal providers, you may be interested in. But, who is C2 and what do you mean by Ayondo "has no professional signals at the moment"?

C2 = Collective2.

Ayondo is a german site. They have the best and more importantly for me, most honest and calculable fee schedule but they don't have many signals providers. Of the few signals providers they do have there are only 4 that trade with real money. Those 4 real traders such as FXSocial produce <2%. All the others are getting paid for signals but not trading with real money. People are stupidly following the high % traders without considering that all of those traders have made their profit at the start of their trading and now have levelled off in profits. They also aren't considering how many trades are made/month so they aren't considering fees there either. This is probably because it's primarily marketed at ordinary people rather than investors with experience.

Hope this helps

-j

 

[josch]

First, thank you for information and second, ref. "stupidly following ..." and so on - yes, it's a pity, but true.

 

[josch]

Concerning Zulutrade, I would like to put some clarifications:
they dont charge traders when they make a loss, they simply ...... It's a win-win situation, imo.

Hmmm, you may have very different opinions about 'win-win'. I think, this is a game with zero risk, but potential good profit for all signal-providers, if they are using no real accounts - and there are (I believe) a lot of them.

This signal-providing would be completely changed, if providers are only accepted if using real money accounts, putting their money on the table. But of course the platforms' revenue would be a lot smaller, and that's undesirable.

 

[NVP]

Hi Guys/Girls,

After a quick search of google you seem to be the right people to be asking about this...

Recently I have come across a 'Social Trading' website called Link Removed I have a number of friends who have recommended it to me saying that its the best way for people who have limited time or experience to 'cut their teeth' so to speak following / copying their top performers...

I'm keen to find out your own opinions on the matter and what you would advise that I do?

Thanks,

Tom

if a Person has limited time to learn and perfect their trading then I suggest that the person remains an amateur and does not commit $$$'s to the game - ever

N

 

[Tytus_Barnowl]

I get many of these calls during the week. They usually start off making outrageous claims but are easy to rebuff if you know something about the market. Other than that I would say have a look at their recommendations. If it costs nothing of course. The main ones to stay away from are the greenies, carbon credit conscience pricker charity merchants. At the last Fx expo I went to there were 2 nice ladies there who sent me some trades last month, their analysis was absolutely correct. The difference with these 2 is that they were well past the sell by date unlike the ETORO variety mini skirted overjugged bimbettes.

 

[Pat494]

I haven't ever tried it but some brokers offer the possibility to trade their best clients' accounts. May be worth following up someday.

 

[NVP]

I haven't ever tried it but some brokers offer the possibility to trade their best clients' accounts. May be worth following up someday.

why ?

trading is about doing it yourself .....no one else can do it bettter for you

Jees.....

N

 

[Pat494]

why ?

trading is about doing it yourself .....no one else can do it bettter for you

Jees.....

N

trading is about making profits. How one accomplishes that is up to the individual.

imho

 

[josch]

NPV, I agree with you to some extend, but what happens when you cant trade yourself, or you don't have the time why not use the help of social trading (zulutrade in my case) when it is out there why not utilize it

Creig,

if you don't have time, why do you want to trade? You don't delegate a substitute to Golf or Gym for sure. First trading is about making money, not having fun. If you have fun making money, very good. But let all decisions made by any unknown trader, better visit a casino with some nice girls and drinks. My 2 cent