Crypto Social Trading - The Next Big Hit

A 2015 World Economic Forum report described social trading networks as disruptors, which “have emerged to provide low-cost, sophisticated alternatives to traditional wealth managers. These solutions cater to a broader customer base and empower customers to have more control of their wealth management," and "pose a tangible threat to the traditional practices of the wealth management industry”.

 

With traditional trading, investors and traders were relying on fundamental or technical analysis to form their investment decisions. Social trading makes it possible for crypto investors, who don’t understand the charts and other things, to invest successfully in cryptocurrencies. That is because not everyone is good at using these tools. Therefore, you need a collaboration of investors and traders to make the most out of it.

 

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 copy trading or mirror trading.

 

What are the benefits of Social Trading?

 

Quick access to reliable trading information Quick grasping of the trading market Earning while still learning Build a trading community of investors

 

Top Platforms for Social Trading

 

Below are 3 top crypto social trading platforms you can try for social trading.

 

eToro

 

etoro.com is a platform allowing users to share and access each other information and trading activities like on social networks.

 

The platform has features such as News Feed, Copy Trading and demo account for users. The News Feed feature allows users to monitor and manually copy their preferred traders, while the Copy Trading feature automatically does the coping for users. The demo account is completely free and unlimited for users, and they can try all the eToro trading and social features.

 

Trading View

 

Tradingview.com is a cloud as well as a web-based social trading platform for Futures and Forex traders. It offers incredible charting tools and social components for beginners and advanced traders to view and share trading ideas.

 

Through a forum setting, the platform enables users to follow, copy as well exchange ideas with other like-minded traders. Traders consult with their peers and with more advanced traders on the current market conditions. The conversations are in real time.

 

Traders publish their trading ideas, and they get feedback or comments from other traders trading the same instrument. The goal here is supporting each other to prosper as traders by sharing ideas and seeing what other investors are doing.

 

SOXex

 

soxex.com is a new cryptocurrency exchange platform invested by IDG in 2019. It allows beginner investors connect with skilled traders to earn profits in the crypto market. On the platform, as an investor, you are able to earn profits by simply copying trading strategies from skilled traders automatically. You get to choose the trader to copy from according to his/her strategy, trading history and level of trading skill. Professional traders benefit through profit sharing from an investor.

 

SOXex’s universal exchange plan also allows users to create their own exchange by collecting 100% trading fees from up to 5-tiers invitees.  Latest news also shows they will be the first one to introduce Free IEO/ILO (Initial Lock-up Offering) to investors allowing them collect 100% original investment refund.

 

Media Contact: 

Company Name: Oath Tech Network

Contact Person: Julia Magas

Email: Julia.magas@gmail.com

City: San Francisco

Country: United States

Website: https://cointelegraph.com/news/etoro-blockchain-division-launches-crypto...

Tweet

More News From 24-7 Reporters

Italy, FBI crack down on Mafia clan with Gambino ties

Jul 18, 2019

ROME — Italian police and FBI agents have cracked down on a Palermo-area Mafia clan with ties to the U.S.-based Gambino crime family. Police said that around 200 officers including FBI agents fanned out in Sicily and in the New York area Wednesday, arresting 18 suspects in Italy and one in the United States. Palermo Police Chief Renato Cortese told reporters that members of the Sicilian Passo di Rigano crime clan had settled in the U.S. in the 1980s after surviving a turf war with the Corleone crime clan, which emerged victorious over the Inzerillo crime family in the Palermo...

EU probes Amazon over use of retailer info to gain edge

Jul 18, 2019

BRUSSELS — The European Union is opening a new front in its quest to more closely regulate big tech companies, saying Wednesday it was investigating whether U.S. online giant Amazon uses data from independent retailers to gain an illegal edge when selling its own products. EU antitrust Commissioner Margrethe Vestager said she is taking a "very close look at Amazon's business practices and its dual role as marketplace and retailer, to assess its compliance with EU competition rules." In addition to selling its own products, Amazon also allows third-party retailers to sell their goods through its site. Last year, more...

The Latest: Dutch FM says US requests aid in Hormuz Straight

Jul 18, 2019

BRUSSELS — The Latest on tensions in the Persian Gulf amid a crisis between the United States and Iran (all times local): 3:25 p.m. The Netherlands is studying a U.S. request to provide military backing in the Straight of Hormuz to protect commercial shipping in the key passage. Dutch Foreign Affairs minister Stef Blok said Monday that the government would work through mid-September assessing the request before making a decision. He said it depended on the military equipment that would be needed and the overall security risks. "We will use the summer to see what answer we will come up...

EU seeks to deescalate Persian Gulf tensions

Jul 18, 2019

BRUSSELS — European Union nations are looking to deescalate tension in the Persian Gulf area and call on Iran to stick to the 2015 nuclear deal despite the pullout of the United States and the re-imposition of sanctions. Dutch foreign minister Stef Blok said on Monday that "it is still not too late, but Iran really has to stick to its obligations." At their regular monthly meeting, the EU foreign minister will also look to drum up further support for its barter-type system to trade with Tehran and get around possible U.S. sanctions. Ten nations are already on board. Iran...

The Latest: German minister appeals to Italy on ports

Jul 18, 2019

MILAN — The Latest on migration into Europe (all times local): 5:45 p.m. Germany's interior minister is appealing to his Italian counterpart to rethink his policy of closing the country's harbors to humanitarian groups' rescue ships. News agency dpa reported that Horst Seehofer wrote Saturday to Italy's Matteo Salvini that ships with rescued people aboard can't be left to drift in the Mediterranean Sea for weeks because they can't find a harbor. He added: "I appeal urgently to you to reconsider your position that you don't want to open Italian ports." Seehofer said that, because of Europe's responsibility "and our...

Sign up now!

About Us

24-7 Reporters publishes up-to-the-minute news 24 hours a day, 7 days a week. Our certified reporters are among the most experienced, well-trained and talented across the globe, covering issues resonating progressives in every corner of the world.

Contact us: sales[at]24-7reporters.com