The need for social trading in the current market conditions

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The need for social trading in the current market conditions

Category : Robots

With the development of the Internet technologies, the process of trading has become much simpler. By using the Internet, the fix api trader was able to independently send applications for opening and closing of the trading operations. And the modern computers allow you to process the market information and use trading terminals ( )  to conduct a qualitative analysis of the price quotations for the final adoption of the investment decision. This automation certainly greatly facilitates the trader’s life, but at the same time leaves him alone with the market. If earlier, all the stock speculators have floundered in the brokerage communes or directly in the exchange chambers, today it is not that way. If you do not work in a hedge fund or an investment company, then there is none to discuss the market, the current state of affairs and share your forecast with. But I believe that it is necessary to support the social component. After all, if you communicate with other market participants, you can always adjust your forecasts, confirm the calculations and make the right investment decision. The market is very large and it is not necessary to remain completely alone. Only general communication and social component will improve the trading result. In order to enhance this social activity, it is not necessary to go to a brokerage office, but it will also be quite sufficient to use modern solutions, such as blogs, forums, social groups, and websites. A trader can also conduct a dialogue without leaving home, which is very convenient in the conditions of a volatile fix api forex market.

To more accurately use the sources of such a necessary social market promise, I will more specifically consider each of them:

  1. Blogs. This type of social activity is based on following a particular fix api trader or a group of traders. Today, blogs fill the Internet and the financial sector is not an exception. If you track someone’s personal blog, it will help you to know the opinion of a major player in the market in relation to a financial asset.
  2. Forums. There is no personalization anymore and everyone can write from themselves and share their personal analysis. For many years of their work, forums have become a kind of database that fits both beginners and professional market players. On the forums, you can see the forecasts of various market players regarding one group of assets. Due to the fact that everything is divided into “branches”, it makes it possible to track the assets you are interested in.
  3. Thematic public relations in the social networks or websites. I singled out these two different sources of information into one, for the reason that like-minded people gather on the websites or in thematic groups. Therefore, if you have the same method of analyzing assets, then you can collect the same trailers and conduct a common analysis and share it with the other participants, which simplifies the process of finding trading signals.
  4. Websites of trading signal duplication. This method is used by those who do not have the opportunity to conduct asset analysis and make transactions. Such websites allow you to duplicate the fix api traders‘ transactions for a paid subscription, do not waste time for asset analyzing and generate a passive source of income ( ).

The social component in trading plays an important role, because a trader cannot keep track of all the events in the financial market and may miss a profitable investment opportunity. But if he reads about it or sees an analysis of another market participant, he can supplement it with his knowledge and conclude a profitable deal. That’s why, I advise you to not only track information on blogs, forums and other sources, but also become an active part of the entire social process.

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