 |
Trade forex with eToro and get up to $1,000 forex bonus!
Open a forex account today with a minimum deposit of just $50 |
It can not be denied that the success of the eToro in late 2012 which has long targeted the trade market to those who conduct transactions through social networks that are connected to fruition.
eToro believes that ultimately the development of social trading network will be more developed than when someone just glued and learning technical things. Customers want more and more convenience which can help them provide quick decisions with a simple analysis like the actors just monitor and follow pasa or better known as COPY TRADER.
With sufficiently accurate data based on the development of every trader that they can choose and change at any time, the social ease of trading will be easier to make a profit in the market, especially if they also have an interface to communicate with each other via chat, or see the movement in real trading and at the same time would be more interesting is all done at once.
As the level of activity and a more narrow for each individual, the Social Trading system is the right choice for those who really entrepreneurial profit alone and just looking at every opportunity to save time and always appropriate to the intended target through trading instruments selected such as Forex, commodities and stocks
Social trading network Trade has announced the launch of SocialTrader. The product combines the network’s ‘Cloud Trader’ web trading platform and social network on one interface. The goal of the new product is to allow users the ability to have access to the network’s social sentiment information directly from Tradeo’s order entry interface. Moving away from just providing social trading access to MT4 brokers, the company also announced connectivity to the ACT platform.
Within the Social Trading industry we have seen the launch of cross broker products become more developed during 2012 as they compete with the massive user network of eToro. Overall, a social trading platform’s success is limited to the breadth of its users. Also, while a trader searching for social trading is most likely to go to a pure play like eToro, it will be interesting to see ahead how individual brokers begin to market their cross broker social offerings. Currently, most brokers simply market the product alongside their existing offerings. Meaning that a user needs to be first interested in searching for a broker while then deciding to use the social trading platform. Therefore, to fully compete with eToro, a broker may need to devote a dedicated marketing campaign and separate web pages just to its social trading product.
SocialTrader’s principal features include:
1. Personalized, real-time price streaming based on each individual user’s trading account.
2. Full trading capabilities including one-click close for multiple positions.
3. Support of both MT4 (via plugin) and Act (via API).
4. Real-time Social Charting consisting of a visual layer of social trading data (the positions and orders of other users).
• By hovering over positions to view additional information, one can readily visualize the social trading trend.
• Collaborating on a trade is as easy as clicking on the position.
• One’s own positions are also clearly indicated.
• Trade execution can be accomplished directly from the chart.
5. Social Feed incorporates the broadcasts, polls, and signals of other traders.
No comments:
Post a Comment