Social trading is one of the ways to make profits in the financial markets. Concept of the social trading is that a newbie trader or investor may select experienced traders, connect to their strategies and copy their trades in an automatic mode into his or her personal brokerage account. In other words, when a trader (a strategy provider) opens a trade on his or her account, an identical trade will be opened in an account of an investor (a strategy follower).
The social trading is a progressive trend in trading that enables any beginner to get access to the financial market and start making profit.
The social trading allows you to diversify your risk by allocating your funds among several strategy providers. By doing so, you can limit your losses in case that one of the strategy providers or some other your investments will not yield you expected profit.
FTS platform brings together traders from all over the world into a single network. You can obtain results you could only have imagined before by using experience and knowledge of our community of traders.
Online social trading gains popularity every day in all parts of the world. The social trading is sometimes called a copy trading, a mirror trading and a social investing.
If you wish to open a practice/demo account, you need to request an invitation by e-mail. You can do it on the registration page.
After doing that, you will receive an e-mail containing a web-link, following which you can register your practice account. Please note that if you don’t receive this message within a few minutes, it means that you incorrectly filled in your e-mail or the message fell into the “Spam” folder (if it happens, please press “Not spam” button).
You need to select roles, enter your personal details and choose settings for your practice account on the registration page. You can enter any amount from 1 000 to 1 000 000, select your currency and a leverage. We will enter $25 000 as an example and select a leverage of 1:100.
When registration is complete, you will be redirected to a trading terminal’s web-page. Here you can train yourself in opening and closing trades without any risks and obligations. The sum of money you can see in your account balance is virtual money.
The next required step is to choose trading strategies and add them to your investment portfolio.
Use traders rating to review available trading strategies. You may add the most attractive strategies to your list of “Favorites” to access them more easily in the future.
After you take a look at the detailed statistics, you can decide upon whether to connect to a trading strategy. To start copying trades made based on a strategy into your account, you should add the strategy to your investment portfolio.
Select a number of that account, which you are going to connect a trading strategy to, and an option of copying trades into your brokerage account. For beginners we recommend to select “Automatic settings adjustment” option.
After a while trades will start to be opened on your account. It may take from a few hours to a few days. You need to wait for a strategy provider to open new trades on his or her account. Make sure to check your account state once in a while.
In the “Portfolio” section you may: “Run”, “Pause”, “Stop”, “Change settings” and “Remove from portfolio”.
The “Pause” option (“Pause” button) differs from the “Stop” option (“Stop” button). If the first option (“Pause”) is checked, our service will not open new trades on your account, but it will manage already opened trades. If the second option (“Stop”) is checked, our service will completely stop sending signals into your account and not manage trades on your account.
We offer three basic methods of portfolio customization:
Every of these settings are accompanied by an informative tip and additional supplementary options, which are also accompanied by tips.
We will provide you with special indicators that assess your portfolio settings. If your portfolio is overloaded or at high risk, we will inform you about it by enabling a red indicator.
We offer an opportunity to monitor trades in a real-time mode with our web-based terminal. You can see a list of all trades and pending orders currently placed on your account. Besides, you can monitor trades made based on each individual strategy.
Monitor results of closed trading transactions on your account in the “Statements” section. There you can see different equity growth charts, trading history, monitor total results and choose particular trading strategies to calculate statistical data.
If you wish to connect a real account, you need to select a brokerage company, which you are going to open a trading account with. List of these companies can be found in the “Supported brokers” section.
Follow account opening guidelines and fill in the form correctly. We will verify your account and connect it to our platform within 48 hours (during business hours), and you will be notified of it via e-mail. If we may require additional information from you, we will contact you.
You need to take this decision based on the trading strategy that you wish to connect to. Every strategy has an indicator, which shows the minimum recommended amount of money. The amount must be available on your brokerage account so that the rules of money management applied by a strategy provider on his or her account are met. The recommended minimum amount was calculated in such a way so that trades of 0.01 lots (the minimum contract size) can be made (1 000 units of the base currency).
If amount of money available on your brokerage account is less than the “Recommended minimum” value, then you take a risk of a Stop-Out (forced closing of positions due to lack of funds on the trading account) level to be hit early. At that, a strategy provider will keep on trading as before.
If you copy a trading strategy with a fixed contract size of 0.05 lots, you need to have 5 times more funds on your brokerage account than the value specified in the “Recommended minimum”.