What is Social Trading ?
Social trading is one of the ways to make profits in the financial markets. Concept of the social trading is that a newbie trader or investor may select experienced traders, connect to their strategies and copy their trades in an automatic mode into his or her personal brokerage account. In other words, when a trader (a strategy provider) opens a trade on his or her account, an identical trade will be opened in an account of an investor (a strategy follower).
The social trading is a progressive trend in trading that enables any beginner to get access to the financial market and start making profit.
The social trading allows you to diversify your risk by allocating your funds among several strategy providers. By doing so, you can limit your losses in case that one of the strategy providers or some other your investments will not yield you expected profit.
MyDigiTrade platform brings together traders from all over the world into a single network. You can obtain results you could only have imagined before by using experience and knowledge of our community of traders.
Online social trading gains popularity every day in all parts of the world. The social trading is sometimes called a copy trading, a mirror trading and a social investing.