.png){kind=logo}
Trading is not easy! You have to constantly watch out for the next big trend and be wary of the slightest hint of market volatility. It often feels like another demanding 9-5 job but with potentially higher stakes!
But what if I told you there's a way to trade smarter, not harder? Where you can learn from the best and profit from their experience without spending hours analyzing complex charts and figures all day?
That is what we call copy trading. And no, it's not cheating!
So, how does it work?
Copy trading, as the name suggests, is all about replicating the strategies of successful traders. It's a simple yet ingenious idea, and it works brilliantly on the Exness Social Trading platform.
The concept of copy trading is pretty much straightforward: you browse through various strategies implemented by seasoned traders, pick the ones that resonate with your trading goals, and just hit 'copy.'
However, social trading on Exness isn't just about copying from successful traders. The platform takes the age-old practice of apprenticeship and applies it to the digital world.
Think about it: when learning any new skill, you'd typically find a mentor or follow someone who's already skilled, right? Social trading offers the same mentorship – only in this case, your mentors are successful traders from across the globe!
The best part? It's all transparent. You can see the strategies employed by top traders, understand their risk management tactics, and observe their decision-making process. And when you're ready, you can start copying their trades.
Exness Broker's social trading platform is a treasure trove of features designed to give you control, flexibility, and, most importantly, insights into the strategies employed by experienced traders. Let's unpack these features:
Exness offers an abundant selection of trading strategies from successful traders across the globe. The platform's interface is designed for effortless navigation, allowing you to browse through these strategies with ease. You can sort them based on various parameters such as commission (rate), currency, most copied, return, risk, and lifetime (trading period).
The Trading Statistics feature offers you a detailed analysis of each strategy's performance over time. You can view crucial information such as past returns, risk levels, the number of copiers, and much more.
Exness's Monitoring feature offers you real-time oversight of multiple trading strategies. This means you can keep a close eye on the performance of the strategies you have chosen to follow, as well as those you're considering to copy in the future.
On Exness, all strategies are ranked based on their performance. This system simplifies your research process by highlighting top-performing strategies, making it easier for you to find potential investment opportunities.
The portfolio offers you a centralized location to manage all your active investments. Within your Portfolio, you can track every detail related to your investments, including your copying history, available balance, and the overall performance of your investments.
Social trading on Exness Broker allows you to learn from experienced traders by observing and replicating their strategies. This hands-on learning experience accelerates your understanding of the markets, trading techniques, and risk management. Instead of starting from scratch, you can leverage the knowledge and expertise of successful traders to enhance your own trading skills.
The Exness social trading platform gives you access to a wide range of trading strategies from traders worldwide. This diversity allows you to diversify your own portfolio, reducing the risk associated with relying on a single trading approach.
Social trading doesn't require you to be actively engaged in analyzing the markets, but you can still earn returns by following experienced traders.
To begin social trading on Exness, you need to download the Exness social trading app from your preferred app store. If you've already registered on Exness, sign in using your credentials. If not, you'll have to create a new account to access the social trading features. Check out this simple guide on how to open an account on Exness, follow the steps, and go back to sign in.
Once you're logged in, you'll find three main tabs: Strategies, Portfolio, and Account tabs. Click on the Accounts tab and make a deposit to fund your trading account.
Next, explore the strategy main area, where you can browse through a variety of trading strategies. Take into consideration factors such as commission rates and strategy statistics. Once you spot a great strategy click "Start Copying" and enter your investment amount.
Here are a few reasons why Exness stands out as a top choice for traders:
Exness provides an innovative social trading platform that makes it easy for traders to browse, analyze and copy strategies.
A glance at the Exness statistics in 2023 reveals that there are already nearly half a million active traders on the platform. Furthermore, the impressive trading volume, amounting to a staggering $3.8 trillion, underscores the trust placed in Exness by traders worldwide.
Regulation is one of the most important factors to look out for when choosing a trading platform. So, 'Is Exness a regulated forex broker?" Yes, the platform is under the oversight of eight financial institutions, adhering to stringent requirements in various countries.
In conclusion, Exness Broker's social trading platform presents an exceptional opportunity for traders, more so, beginners who are looking to thrive in forex trading. Through social trading, they can gain valuable insights by observing and replicating successful traders' strategies, all while making a profit.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
