Social Trading is Here to Stay! Here is What you Need to Know 👇🏻

📥 Introduction to social trading

Surely you have heard of such a concept as social trading, which greatly simplifies life for beginners as well as experienced traders and investors. We are here to describe and show you in detail the features of social trading and present the most successful and convenient example of the realization of such functionality.

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❓What is social trading?

Social trading is a form of dealing that enables traders or investors to copy and execute the strategies of their peers or more experienced traders. It’s often thought of as a type of social network, as the function enables traders to interact with others, watch each other’s trades and learn about decision-making processes.

Here are a few key benefits of social trading for those who copy:

Can monitor trading 24/7 from any device, including mobile and web;

The experience or trading skills required to get started are significantly lower in comparison when not using this function;

Transparent transaction history and the ability to choose an experienced trader to copy according to your strategy preferences and risk appetite;

Automatic trade execution.

This list of the social trading’s benefits is non-exhaustive. That's why many traders prefer to copy the trades and strategies of experienced participants in financial markets.

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💡 How does social trading work?

Social trading emerged as a result of the development of Internet platforms for trading in financial markets. Thanks to digital interaction, experienced traders can pass their order execution signals to other users, receiving a small commission for doing so.

The signal provider's benefit lies in his additional profit on trades, regardless of their performance.

A copying trader benefits from using signals from an experienced trader for a small commission.

In addition, trades in any available assets traded by the Signals Provider can be copied: currency pairs, commodities, precious metals, indices, stocks, and others.

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✅ How to start social trading?

NAGA provides a range of ways to get the benefits of social trading. It also offers a fully integrated social trading platform.

The primary benefits of NAGA's social trading include being part of a community that shares advice and trade ideas, establishing buy and sell signals for trades, gaining an awareness of market sentiment, and the automatic execution of trades.

To start social trading on NAGA you need to go to a special section, find a lead trader in the trading leaderboard, select the type of copying, set the parameters, and activate the functionality. Moreover, you can even start with a small deposit!

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📚 Summary

Social trading allows trading online but with the help and input of others, which many believe reduces the time it takes for a beginner to become an experienced currencies trader. Traders are also able to copy trades, allowing them to see which methods and strategies succeed and which fail. This way of trading has seen more people participate in the market and has led to more trades going through.

Explore social trading with NAGA!

❓FAQ

How to start NAGA Autocopy?

What is the minimum investment to start NAGA Autocopy?

Why trade with NAGA’s Autocopy?

How does NAGA Autocopy work?

Can other traders at NAGA Autocopy me?

Explore social trading with NAGA!

How to start copy trading?
Find and choose a trader to copy
Double-check your settings
Set the amount you want to invest
Get notification each time you open a new trade with your lead trader
How to start copy trading?
Find and choose a trader to copy
Check out the Leaderboard
Search by profitability, ROI, number
Make sure to check the Risk Score
How to start copy trading?
Set the amount & choose the type
Choose if you want to invest relative to the leader or a fixed amount per each of their trades
Set the amount you want to invest
Or set the percentage if you chose to copy relatively
How to start copy trading?
Find and choose a trader to copy
Double-check your settings
Set the amount you want to invest
Get notification each time you open a new trade with your lead trader
How to start copy trading?
Find and choose a trader to copy
Check out the Leaderboard
Search by profitability, ROI, number
Make sure to check the Risk Score

Everything a Trader Needs – All in One Platform

Member of NAGA Group with growing community of traders

4000+ Trading Assets & Pro Tools

Low and transparent fees

Socialize with NAGA Feed

Autocopy other Traders

Free Demo Account with €10,000 test funds

Before we start, please enter your current country of residence.

Country of Residence

Germany

The registration process is subject to change based on the information you provide.

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Your funds are kept segregated from the company's own funds

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RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.

Restricted regions: NAGA Markets Europe LTD offers services to residents within the European Economic Area, excluding Belgium. NAGA Markets Europe LTD does not provide investment and ancillary services in the territories of third countries.

Affiliate programs are not permitted in Spain for the investment service commercialisation or client acquisitions by unauthorised third parties.

Los programas de afiliados no están permitidos en España para la comercialización de servicios de inversión y captación de clientes por parte de terceros no autorizados.

RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.