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My Social Trader Tools Review
My Social Trader Tools Review
Author: avatradelogin    Classification:

Social Trader Tools is a web-based platform that offers unlimited MT4/MT5 accounts. Users don t need to install any software or configure their accounts. They also don t need to use a virtual private server or configure any complicated settings to access the platform. All they have to do is upload their account credentials to begin trading.

The company also offers a free account for those who want to try it out. However, if you want more than one account, you will need to pay a monthly fee for access to unlimited accounts. The fee varies depending on the number of accounts that you have, but you ll pay between $400 and $600 for up to 60 accounts. The fee goes up to $1000 if you want to monitor more than 100 accounts.

Social trading is perfect for beginners and intermediate traders. You can learn a lot by following successful traders and profit from their mistakes. However, social trading is not a guaranteed way to make money. In fact, even download metatrader 4 pc exness lose money from time to time. Before you start trading, make sure you have the right tools to manage your risk and stay profitable.

The platform offers a host of features to help you manage your trading account. forex trading leverage calculator the features are a private dashboard and a set of trading tools. The platform also lets you brand your account as a signal provider. Signal providers offer free and paid signals to other traders. You can also start your own social trading network by selling your signals to other users. Alternatively, you can sell your signals as a white label service or via your own payment processor.

Social Trader Tools also offers a trading copier that s the fastest on the market. It replicates trades in as little as 50ms, and is highly configurable, with various risk types. In addition, it can automatically copy trades to up to 20 accounts. This will require an investment of $220 per month, so it s best to invest in a package with several hundred dollars.

Social trading encourages traders to take higher risks for higher returns, but inexperienced traders may get over-leveraged and take more risks than they re comfortable with. As a result, it s crucial to monitor the social traders you follow to ensure they re not taking unnecessary risks. However, social trading doesn t replace the need for proper money management. Instead, it allows novice traders to benefit from the trades of successful traders without having to spend a lot of time on it.

Social trading can also benefit professional traders. If someone copies your trade, you will receive a bonus. However, you have to find a platform where your ideas are replicable. After all, the goal is to maximize your trading performance. Most new traders give up trading within two years, so it s important to make the most of your experience with the financial markets.

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