10 Tips for successful social trading

Automated copying, diversified risk, Stop-Loss, a strategy of careful re-investments and other hints on how to safely benefit from the newest investment trend.
Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders and to follow their investment strategies using auto copy trading activities.
The World Economic Forum report has even called it a low-cost and sophisticated alternative to traditional wealth management.
Social trading introduces a new way of analyzing financial data by providing a ground to compare, comment and auto copy techniques and strategies.
Traders can interact, watch others make trades, duplicate their trades and learn what incentivised the top performer to make a trade in the first place.

1. Use auto-copying

2. Never forget tip #1

3. Don’t underestimate the social features when it comes to investing

4. Follow the strategy of more than just one trader

5. Do your own split-run testing

6. Avoid new and unverified users

7. Following “Most Copied” isn’t always the right way to go

8. Never hesitate to stop

9. Reinvest your gains

10. Do your own research

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