Social Trading Overview
Social trading is growing in popularity and Currency Hedger has partnered with the best social trading providers available. Currency Hedgers’ clients can follow trades made by Lead Traders that are participating in our affiliated Social Trading System, directly from their trading accounts.
What is Social Trading?
Traders can follow trades made by others, direct into their Currency Hedger trading account. Social Trading may be an ideal service for traders who are interested in the markets yet are short of time or lack market education, or just simply wish to have someone else trade on their behalf.
Here are some of the reasons why BlackBull Markets clients use social trading:
- Start-up costs are low. You don’t always need to have a large initial deposit to begin trading with automated signals or following another trader. Some providers will allow you to start with as little as $200.
- Diversifying your risk. You can allocate different strategy providers with certain social trading platforms, giving you an ability to diversify risk rather than rely on a single provider.
- Verified trading results. Some social trading websites work with traders who are on live accounts only. There’s no demo or virtual accounts being used and there is a clear track record of results over a period of time.
- Save on fees. Money management with experienced traders can sometimes attract administration fees or performance fees. Social trading providers often charge fixed fees or slightly wider trading spread.