Bitcoin Forum>Economy>Trading Discussion
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Topic: Social trading: your experiences, platforms, different types? (Read 110 times)

Andrey123
sr. member
Activity: 1778
Merit: 305
Social trading: your experiences, platforms, different types?
March 22, 2018, 11:38:10 PM
#2
Remember one important thing.
All these services are created for one purpose: in the future you will be bred for money.
I have been trading in Forex for 6 years already and there is absolutely no time and no desire to publish my signals.
Even I teach very rarely.

And on these sites mega-super-traders help to trade, it's ridiculous  Grin

Trade is work.
Suppose you are a truck driver, do you have the opportunity to get distracted and do something else?
That's right, no, since this will lead to tragedy, the same thing is there.

A person can say, sell here, but you do not know what his deposit is, he can trade for millions of other people's dollars.
And you will enter all with your 100 dollars and lose them.
WWP
newbie
Activity: 5
Merit: 0
Re: Social trading: your experiences, platforms, different types?
March 22, 2018, 07:46:06 PM
#1
I see 2 types of social trading that may work for different people:

  • User send his funds to brokerage, his assets are traded by portfolio manager "as is." The trades on user's account are basically carbon copied from trader's account; same execution, same leverage, Basically a "black box" strategy. Or a small hedge fund.
  • Trader sends signals to users. It's up to the user to take or skip a trade, select exposure and leverage. There will be a delay between the time trader sends out the signal and user is able to act on it.

Both strategies have their pros and cons, YMMW. As I understand, eToro and ZuluTrade both offer the first version. They both operated as traditional (fiat) brokerages previously, added cryptos later as the asset class gained in popularity. eToro is registered in Cyprus, while for an odd reason, ZuluTrade is registered in Greece.

You can learn more about eToro's crypto and social offerings on the following links:

ZuluTrade seems to lag behind eToro in terms of a clear overall web design, but here's a link: https://www.zulutrade.com/cryptos

What I would be more interested in is the second type of social trading. Following a trader's signals and executing the trade myself. I wonder if there is a platform for that. Or at least, is there a need, or am I the only one more interested in this type of arrangement?*

*I know what I'm doing. Or at least, this is my impression.

What other similar platforms are you aware of? How about a crypto only platform, not dealing in fiat? What are your experiences, both positive and negative?
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