Social trading is a process that introduces a new way of analyzing financial data by providing a platform that allows comparing and copying other investors trades, techniques and strategies.
Before the social trading investors and traders were relying on fundamental and technical analysis to form their trading decisions, but using the social trading investors and traders could integrate into their investment decision-process social indicators from trading data-feeds of other traders.
In other words Social trading gives traders the opportunity to trade online with the help of others. Traders can interact with each other, watch other traders take trades, and after that duplicate their trades and study why a top trader took a trade in the first place.
And most important traders can copy each other trades by just one click
By being a part of 12 trader social trading community, traders can use detailed statistics and historical analysis of trade performance to evaluate which traders to follow and copy.
This is done either explicitly by intentionally following the trading activities of one or more selected traders, either manually or automatically as one's trading decisions are unintentionally influenced by the trading activities of other traders.
12 trader also offer the ability to connect with other investors using the platform in social ways like comments, likes, link and sharing as well as find potential copy trading candidates by viewing investors' performance statistics.
12 trader also provide ways to sort and rank traders according to certain performance parameters, thus making it easier for traders to find potential investors to copy.
copy trading at 12 trader enables traders to automatically copy positions opened and managed by a selected investor.
Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader's funds to the account of the copied investor.
Any trading action made by the copied investor, such as opening a position, assigning Stop Loss and Take Profit orders, or closing a position, are also executed in the copying trader's account according to the proportion between the copied investor's account and the copying traders.
The copying trader usually retains the ability to disconnect copied trades and manage them themselves. They can also close the copy relationship whenever they want.
Some platforms also enable traders to place Stop Loss orders on the entire copy trading relationship, allowing traders to control the risk of their copy trading activity based on the individual copied investors.
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