FOREX SOCIAL TRADING

Social trading is a new way of analyzing financial data gathered from advanced Web2.0 based applications that provide a basis to compare and copy trades, techniques and strategies.
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Forex-Social-Trading.eu is dedicated to providing you with information on the best Forex, Social Trading and CFD trading sites. The recommended companies are all licensed and regulated by respected jurisdictions. Our team of professional traders have tested all of the recommended sites which all have great technologies for online and mobile Forex trading. If you feel that you know something about the movement of Forex and stock market prices or if you simply want to take advantage and trade the fluctuations in the global markets then we have the right advice and information to help get you started. Whilst online trading of Forex and stock markets has been around for some time now, it has never been more easy to get involved and trade the markets from home or on a mobile device. There are many great solutions and products that exist for online trading which are explained below and in more detail on our Forex Trading Products page

SOCIAL TRADING

Social Trading is a new and very exciting way for people to follow and copy the trades and profits of already successful market traders. By seeing successful traders trading strategies and positions opened you can follow and automatically copy any positions that these traders make, and needless to say you can benefit financially from these copied trades. Read more about this topic on our Forex Trading Products page.

HOW TO AVOID FOREX SCAM

Nowadays there is a huge number of Forex brokers online, some of them more than unscrupulous. So how do we choose a reliable broker and avoid falling victim to a Forex scam?
Wikipedia describes a Forex scam as "any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market." In practice how can you distinguish a reliable Forex trader from a scam one?

PROFITS
1) If you meet promises of high profits, that's a pretty sure sign of a Forex scam. Serious and reputable traders always remind you of the risks involved in Forex trading.

REGULATION
2) Check out if and where the broker is regulated. Is he regulated in your region? If not, there is a good chance you as a trader are not safe to deal through them.

EDUCATIONAL MATERIALS
3) A serious broker will always provide you with a broad and elusive educational material. Video Library, charts and world-class news feeds such as Reuters should be available on their websites and platforms.

TRANSPARENT FEES
4) Are the fees clearly stated? Are the spreads for currency pairs fixed and disclosed? Brokers that offer low or no spread are likely to be Forex scams as their spreads may widen suddenly when the market becomes volatile. You must look for brokers who guarantee fixed spreads, no matter what is happening on the market.

PERSONAL HELP
5) A serious and reputable broker will always make sure that you get support by a personal account service manager when you make your first steps in Forex trading. Do not get involved with brokers who do not offer personal support.

SECURE PAYMENT
6) Your online broker must provide well-known Internet and payment security systems for your deposited funds. Check if the website is secured by VeriSign or SSL (the two main encoding systems on the net) and check out how credit card clearing is handled.

OFFLINE BACKGROUND
7) Even if a broker is online, are there real people and offices to back up their online services? Can you contact your broker by phone/skype to get one-on-one service from a human being? Don't be shy to call them and ask them about their security and complaints services. Just the way they answer can tell the story.

SOCIAL MEDIA
8) Nowadays, with the rise of social media you should check out how active your broker is on the main social platforms. Every serious company will have a well-cared of Facebook, Twitter and LinkedIN page where they share day-by-day, or rather hour-by-hour market information.

FOREX TRADING

Forex Trading or currency trading is now very accessible and easy to get involved with due to the simplicity of the web based software’s that offer currency trading services. These Forex trading sites replicate the exact price in the currency markets and offer the ability to speculate on the future directional movements of the currencies. There is no need to buy the actual currencies themselves, simply take positions in the normally large price fluctuations that occur daily. See more information on our Forex Trading Products page to get you started.

SOCIAL, FOREX, OR CFD TRADING?

Each of the online trading products are quite different and they will provide you with a different experience of trading the markets; in terms of how much time you will spend interacting with the software managing your trades. The advantage of the Social Trading platforms is that you can learn and share with others to quickly improve your knowledge. Whereas Forex and CFD trading sites are easier for placing trades but tend to be for people that want to get straight to placing their trades and implementing their trading strategy. Our recommendation would be to try both a Social Trading platform such as eToro as well as a CFD leveraged product such as Plus500. Trying both these products will give the opportunity to learn from other successful traders by following their strategies and at the same time you will be becoming familiar with the CFD leveraged trading approaches that can be applied with the very easy to use Plus500 web based platform.

RISK WARNING

Forex, Commodities, Options and CFDs are leveraged products that carry a substantial risk of losing your invested capital. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose. Remember that family and safety come first, making money with leveraged products should be envisaged as an option for having fun and earning extra, let's say so, bonus money. The risk element should be a fun element and no way something that can ruin your existence. Also, remember that with a CFD you are not buying the underlying asset, you are trading on the market price movements of that asset. Seek professional advice if you have any doubts on how CFDs work.

CFD TRADING

CFD Trading is a way to easily trade the global financial markets (currency, shares or commodities markets) without the need of purchasing the underlying instrument. People use CFDs to profit from market price fluctuations usually with a short term strategy of opening and closing positions in the market quickly. Please see our Forex Trading Pruducts page for more information and the details of the best CFD trading products and companies.

WHAT IS LEVERAGE ?

CFD (Contracts For Difference) products are leveraged which means that when you open a position only a portion of the total value of the asset is covered by the funds in your account. Whilst this creates an opportunity to open positions of greater value and gain from market movements, it also means that if the market goes in the opposite direction to your position then your losses can be greater than the amount used to open the position. You can simply manage how large the position is that you chose to open but bear in mind that some CFD products are leveraged as much as 1:200 and sometimes 1:400. CFDs are a good product as long as the user is aware of how they work and the potential up and down sides.

WHAT MARKETS SHOULD I TRADE ON?

Stocks, Forex or Commodities? This is a personal choice and should be based around the knowledge and interests that you already have. The majority of people that don’t have prior experience of trading start with Forex Trading. If this sounds like you then start with the award winning Markets.com platform that has 50+ Forex markets to trade 24 hours a day 5 days a week.

TRADING BONUSES

All trading sites offer bonuses to new customers and they are a good way to help you get started with your trading balance. Some sites are offering bonuses up to $2,000 when depositing, such as Markets.com. But as we know nothing in this world is for free; therefore the bonuses come with conditions that you need to take a certain number of positions in the market before you can withdraw your profits. Be sure to check the terms of the bonuses before taking the offer. See our detailed Trading site reviews to find the offer and provider that best suits your needs.

Being established since 2008 Plus500 is a well-recognized and trusted financial trading platform. The company is publicly traded on the London Stock Exchange with a value of $1 billion and is internationally licensed. Plus500's goal is to be the number 1 CFD trading company and they are well on their way to achieving this as they have several million customers and increasing.Check out the Plus500 website or for more detailed information read our Plus500 in-depth review

Easy-forex is one of the longest-established online Forex sites with a safe, intelligently built trading platform. You can join their Facebook group which is the largest social Forex group on the net or their LinkedIN page for everyday insider information. You can start trading from €/£/$25 and if you are new to the online Forex world you'll find an elusive video education library as well on their site. Visit straight away the Easy-Forex website or for more ample information about their services read our Easy-Forex in-depth review.

eToro is probably the most powerful global market place for people to exercise online Social Trading activities with currencies, commodities, indices and CFD stocks. eToro offers a very simple, transparent and also a very much enjoyable platform for traders of all levels. eToro empower over 4 million users in more than 140 countries worldwide to manage their funds. Have a look at the Etoro website or read on our in-depth review of their services

Zulutrade's aim in 2007 when it was founded was to establish an online platform that can audit traders globally and at the same time. A web-based program that enables traders to share their knowledge with people who are not specialists, but interested in online trading. Zulutrade have definitely grown to become one of the best developped online platform in Social Trading today. Zulutrade is famous for keeping their market tools simple so that non-specialists too can quickly familiarize with it. Following the best traders has never been easier than with Zulutrade and with some experience one day you might become followed as well, allowing to earn you money above your deals. Check out the ZuluTrade website or for more information read our in-depth revie.

Markets.com is a fast-growing EU Licensed and Regulated CFD and Forex broker that also offers a social trading product whereby you can access the live trade information of other successful traders. This social trading element allows you to benefit from imitating the strategies of others as well as implementing your own trading strategy via the Forex and CFD trading solutions on offer. Check out the Markets.com website to decide whether to sign up for free or not with them

Tradeo established the first real Social Trading platform in the world in order to revolutionize the online financial trading experience. The great thing about this model is that there is no conflict of interest between the trader and its clients. Tradeo do not profit from their client's losses, they only receive a volume-based commission when you make a successful deal. With tradeo the Social Trading experience gives you endless possibilities: you can receive community feedback, chat, execute recommendations, or simply automatically mimic the trading strategies of both your friends and their friends and leaders. You'll never trade alone again. You might want to go straight to the Tradeo trading platform or for more detailed information read our in-depth review