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Is it possible for the follower to close an order?
It is possible for a follower to close an order by provider social trading. This is because the follower has the ability to make their own decisions and execute their own trades. By using the provider's social trading platform, the follower is able to view real-time market data and analyze it to make informed decisions on when to enter and exit positions.
The follower can also set their own risk parameters and decide how much capital they want to allocate to each trade. This allows them to control their risk and take advantage of any potential profits. By closing the order, the follower is able to take profits or limit losses.
This allows the follower to make their own decisions and take control of their risk while still taking advantage of the provider's real-time market data and analysis.
What is Social Trading?
Social trading is a form of financial trading that allows investors to follow and replicate the trades of more experienced traders. It is an ideal solution for less experienced traders (followers) who want to connect with and copy the trades of more skilled traders without having to spend hours researching and analyzing the markets.
With social trading, you determine the amount you want to invest and then you can automatically mirror all the actions of the trader in real-time. When the chosen trader executes a trade, your account will simultaneously execute the same trade. This allows you to benefit from the experience and knowledge of the more experienced trader without having to do the research and analysis yourself.
Social trading is a great way for investors to gain access to a wide range of trading strategies and to benefit from the expertise of experienced traders. It also allows you to diversify your portfolio and to invest in a variety of different markets and assets. With social trading, you can access a variety of different trading strategies and benefit from the knowledge of experienced traders.
Investing with Confidence: A Guide to Social Trading
Social trading is a form of investment that allows you to copy the strategies of experienced traders. It is a great way for new investors to learn the ropes and benefit from the expertise of more experienced traders. Here's how it works:
First, you have to choose a provider whose goals align with yours to follow. You can review their past performance, risk profile, and strategy to make sure it is a good fit for you.
Once you have chosen a provider, you need to determine your investment amount. This will be the amount of money you are willing to invest in the provider's strategies.
Next, you need to open an account with a copy trading platform. This platform will automatically mirror all positions of the selected provider in your trading account.
You can then add additional funds to your account if needed. This is important as it allows you to benefit from the provider's strategies with a larger amount of capital.
Finally, you will be charged a performance fee to the provider for any generated profit. This fee is usually a percentage of the profits generated by the provider's strategies.
Social trading is a great way for new investors to get started in the world of investing. By following the strategies of experienced traders, you can learn the ropes and benefit from their expertise. Just make sure to choose a provider whose goals align with yours and determine your investment amount before getting started.
What is join link ?
This join link is restricted to a select group of investors, and it is the provider's responsibility to distribute it among this specific audience.
What is Private & Public visibility meaning ?
Tradingpro grants its providers the option to become private or public.
Private copy trade
Private Providers are hidden from the public listings (both in Ratings and in the Client Portal). The only way to follow such Providers is via a Join Link to their Offer.
Join Link is a web link leading to a Follower registration page where the Provider and the Offer are predefined. It can be used more conveniently to share a subscription link. Optionally, a Join Link may also have an expiration date after which the link becomes inactive (the Offer continues being active, though).
Being private can be helpful for Providers who do not want to share their strategy with broad audiences but only with a few people they know personally.
Offers can be private as well, such Offers are also available for Followers only via Join Link. Public Providers can utilize Private Offers as well. For example, the Join Link can be secretly shared somewhere externally, e.g., on social media, and the Followers proceed by getting a time-limited promotion with Performance Fee discounts from the Provider.
Public copy trade
In public copy trading, the trading activities of participants are visible to the broader community within the copy trading platform. Signal providers (experienced traders) make their trading strategies and performance data publicly available on the platform. Any user on the platform can choose to follow and replicate the trades of these public signal providers. Public copy trading platforms often emphasize a community aspect, where traders can share insights, discuss strategies, and learn from each other.