The newest means of trading stocks and bonds on the internet is online Forex social trading. You might be thinking to yourself, “Wait a tick, is there not already websites where I can easily trade stocks and or bonds online for a small fee?” The simple answer is yes, of course there are. But they are far from a social trading medium, the benefits of which will be explained in the key points that follow.Learn more about the key benefits of online Forex social trading, and see what you’ve been missing out on.
The first things that one can note (when logging onto a social trading platform) are the visual concepts and the interface. Unlike standard stock trading websites, which are more tailored to expert traders and those who are familiar with how stocks and bonds work, social trading websites try and cater to the average person. Using a very intuitive design and concept, they make it easy to get started trading right away, even if you have no experience.
Social Media Functions
Considering the rampant and viral popularity of social engines like Facebook, Twitter or Pinterest, the social trading online platform has evolved from its ancestry of stock trading sites into a robust social media platform. This means that many of the features and functions that you enjoy using the most from social media are embedded within these sites.
Incorporates Major Markets
A common question that crosses the mind of many when considering an online Forex social trading option is: What markets will I have access to? For all extents and purposes, basically every market that is out there for online trading via Forex. For example, one leading website offers more than 70 international markets and 30,000 bonds to choose from.
Follow Top Traders
The newest feature to grace these social Forex platforms is copycatting, which is fully encouraged. Say you are a beginner and have no idea how to trade in Forex online. Well you can simply connect with other traders, follow them and copy their moves. This allows you to make winning trades day in and day out, even if you have never traded stocks online before. How’s that for being innovative with a unique approach to Forex trading?