What Is Binary Options Social Trading?
Srdan Sore
Binary Options Have Evolved Binary options have evolved during last few years. In early stages, trading was very complex and available only to big institutional individuals. After US Securities and Exchange Commission has approved exchange trading in 2007, binary options have expanded rapidly. Today we can see many variations of binary options and its popularity... Read more
Binary Options Have Evolved Binary options have evolved during last few years. In early stages, trading was very complex and available only to big institutional individuals. After US Securities and Exchange Commission has approved exchange trading in 2007, binary options have expanded rapidly. Today we can see many variations of binary options and its popularity within binary individuals. We can divide binary options into three main groups: Manual or traditional binary trading Automated binary trading Social trading New Way of Binary Options Trading In this article you will find out something about the newest type of binary options trading - social trading and we will mention some of the most popular social trading platforms. As you have already heard, social trading represents the latest and most exciting way for binary options trading. This revolutionary trading system connects traders from all over the world and creates a big trading network. The main idea behind social trading is to share trading knowledge and strategies among traders themselves. By using the collective knowledge traders are empowered and have more trading possibilities.  How Binary Options Social Trading Works? All social trading platforms have the same essential basis. They form investment networks that bring live feeds of trading activities. This way traders that are part of the network will receive trading results of all traders in their community. This benefits to all traders because staying informed is a key to success. Social trading enables you to follow traders that have better trading results. By following other traders you can get valuable insights to their trading strategies and copy them into our portfolio. Tracking of other traders in a social trading network can help you in creating your own strategies and ideas. Copy Another Trader and Start Learning Social trading is the best place for beginners in the binary industry. As we have already mentioned, traditional binary trading is more complex than auto trading or social trading. Traders without trading experience can easily lose their investment if they trade manually. Social trading enables you to copy someone more experienced and trade based on their strategies. This way you learn on how to place trades and become experienced and successful. Social trading platforms allow you to track your performance and performance of traders you are following. Social platforms enable you to interact with other traders that you follow and receive helpful tips and advice from them. Social Trading vs Auto Trading in Binary Options Social trading and auto trading are both very lucrative ways of trading in binary options market. There is not a single trader who doesn’t like easier and more reliable way of trading, so it is only natural that social and auto trading are becoming increasingly popular. However, some traders find it hard to make a decision which one to use. Every type of trading has some good sides and some bad sides, and traders have to be ready to make their final decision Binary Options Auto Trading Pros + reliable when based on algorithms + easy solution for beginners + modern approach towards trading + additional controlling features + human error excluded Binary Options Auto Trading Cons - less reliable when based on human signals - auto trading scams Binary Options Social Trading Pros + possibility to follow binary options experts + taking advantage of knowledge of the crowd Binary Options Social Trading Cons - takes a lot of effort to find good traders to follow - traders make mistakes, even the best ones Traditional Binary Options vs. Social Trading There are many binary brokers that have started to develop social trading features in their platforms. This shows how important social trading has become in binary options market. Social trading has radically changed the financial trading industry and opened door to traders who would never dare to invest in binary options before. Traders are welcome to trade with stocks, indices, commodities, Forex and currency pairs. From our perspective, social trading brings more features and easier approach towards financial markets. Social trading has much more to offer and it is involving cooperative trading and monetization of strategies that lead to more opportunities. We have been searching what do financial portals say about social trading and here is what The Telegraph says about social trading in financial markets has concluded. CNBC has also wrote interesting article where they call social trading a "huge industry". Leading Social Trading Platforms ZuluTrade eToro Ayondo Signal Trader FxPro SuperTrader copyop   Tradeo IronFX Social Trader InstaForex ForexCopy Tradency Mirror Trader Myfxbook Darwinex MyDigiTrade MFX Broker     NetoTrade Social Trading   FX Junction Gallant Trade Copier MetaQuotes MetaTrader CopyFX Share4you

What Is Binary Options Social Trading?

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binary options robot logo small

Binary Options Have Evolved

Binary options have evolved during last few years. In early stages, trading was very complex and available only to big institutional individuals. After US Securities and Exchange Commission has approved exchange trading in 2007, binary options have expanded rapidly. Today we can see many variations of binary options and its popularity within binary individuals.tradersworld

We can divide binary options into three main groups:

  • Manual or traditional binary trading
  • Automated binary trading
  • Social trading

New Way of Binary Options Trading

In this article you will find out something about the newest type of binary options trading – social trading and we will mention some of the most popular social trading platforms. As you have already heard, social trading represents the latest and most exciting way for binary options trading. This revolutionary trading system connects traders from all over the world and creates a big trading network. The main idea behind social trading is to share trading knowledge and strategies among traders themselves. By using the collective knowledge traders are empowered and have more trading possibilities. 

socialtradingfactHow Binary Options Social Trading Works?

All social trading platforms have the same essential basis. They form investment networks that bring live feeds of trading activities. This way traders that are part of the network will receive trading results of all traders in their community.

This benefits to all traders because staying informed is a key to success. Social trading enables you to follow traders that have better trading results.

By following other traders you can get valuable insights to their trading strategies and copy them into our portfolio. Tracking of other traders in a social trading network can help you in creating your own strategies and ideas.

Copy Another Trader and Start Learning

Social trading is the best place for beginners in the binary industry. As we have already mentioned, traditional binary trading is more complex than auto trading or social trading. Traders without trading experience can easily lose their investment if they trade manually. Social trading enables you to copy someone more experienced and trade based on their strategies. This way you learn on how to place trades and become experienced and successful. Social trading platforms allow you to track your performance and performance of traders you are following. Social platforms enable you to interact with other traders that you follow and receive helpful tips and advice from them.

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Social Trading vs Auto Trading in Binary Options

Social trading and auto trading are both very lucrative ways of trading in binary options market. There is not a single trader who doesn’t like easier and more reliable way of trading, so it is only natural that social and auto trading are becoming increasingly popular. However, some traders find it hard to make a decision which one to use. Every type of trading has some good sides and some bad sides, and traders have to be ready to make their final decision

Binary Options Auto Trading Pros

+ reliable when based on algorithms

+ easy solution for beginners

+ modern approach towards trading

+ additional controlling features

+ human error excluded

Binary Options Auto Trading Cons

– less reliable when based on human signals

– auto trading scams

Binary Options Social Trading Pros

+ possibility to follow binary options experts

+ taking advantage of knowledge of the crowd

Binary Options Social Trading Cons

– takes a lot of effort to find good traders to follow

– traders make mistakes, even the best ones

Traditional Binary Options vs. Social Trading

There are many binary brokers that have started to develop social trading features in their platforms. This shows how important social trading has become in binary options market. Social trading has radically changed the financial trading industry and opened door to traders who would never dare to invest in binary options before. Traders are welcome to trade with stocks, indices, commodities, Forex and currency pairs. From our perspective, social trading brings more features and easier approach towards financial markets.

Social trading has much more to offer and it is involving cooperative trading and monetization of strategies that lead to more opportunities. We have been searching what do financial portals say about social trading and here is what The Telegraph says about social trading in financial markets has concluded. CNBC has also wrote interesting article where they call social trading a “huge industry”.

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Leading Social Trading Platforms

  • ZuluTrade
  • eToro
  • Ayondo
  • Signal Trader
  • FxPro SuperTrader
  • social-tradingcopyop  
  • Tradeo
  • IronFX Social Trader
  • InstaForex ForexCopy
  • Tradency Mirror Trader
  • Myfxbook
  • Darwinex
  • MyDigiTrade
  • MFX Broker    
  • NetoTrade Social Trading  
  • FX Junction
  • Gallant Trade Copier
  • MetaQuotes MetaTrader
  • CopyFX
  • Share4you