Social Trading

In this section, is a growing group of Forex social trading network reviews. Social trading is a service that allows Forex traders to subscribe and follow the signals or trades of other traders that are part of the network. Traders can decide when they first sign up with a network if they want to provide a signal service to the community, follow others, or do both.

Depending on the network, there are usually fees associated with each account the trader decides to follow. While each platform is different, the popular options allow traders to monitor the results, and filter through the different social trading accounts based on their performance numbers.

Forex social trading is still in an adolescent state, as there aren’t many platforms to choose from, and they certainly have their issues. The main concern is with the fact that traders are relying on amateurs for their trading signals, or in some cases automated trades. If traders are using a reputable Forex signal provider, there is a certain level of security, because the signal service is beholden to a larger amount of clients. Yet, when following a trader on a Forex social trading network, they are more likely to go on an extended, erratic losing streak, or even just disappear from the network altogether.

With the positive and the negative in mind, please go through all my social trading reviews and leave your feedback where warranted.