Exness allows mirror trading and social trading, so we will explain copy strategy trading methods in this article. Social trading is recommended for those who have difficulty winning in FX or who are busy with work and don’t have time to trade. If you use social trading, talented traders will earn money for you.
What is social trade?
Social trading, also known as “copy trading,” is when you copy the trades of individual traders who have made their trades public and perform the same trades in your own position trading. Copy trading incurs fees, but it has many attractive features. Social trading has the following features. We will explain them. At the very least, do it when you understand the functions. Customers can end the transaction at any time, regardless of the period, and there have been no financial problems in the past. It has the advantage of being able to easily increase the total amount with a reliable tool.
for busy people
It is very suitable for people who are usually working as an office worker and do not have much time to look at charts. This is because the trader trades for you, so you can earn money instead. Even if you have little knowledge about FX, you can trade FX, so you can refer to the trading strategies of professional traders. Nowadays, you can generally add and follow multiple traders separately. If you are a suitable trader, you can follow and hold an unlimited number of trades from the social trading platform. If profits are generated in the environment, you can earn revenue instead of paying fees.
Even beginners can win
Copy trading allows you to copy the trades of professional traders without knowledge of FX trading, so you can use it even if you don’t have knowledge of FX, and it has the advantage that even beginners can easily get started. Furthermore, copy trading has the characteristic that even beginners have a high chance of winning. When doing discretionary trading, you have to analyze the price movements yourself. Just look at the profile and click on the target trader to follow. It will be created immediately and you will receive a reward. When you start, you can choose your favorite trader from the center.
Dealing with irregular market
Copy trading has the advantage of being able to handle irregular market conditions. If the market becomes unstable due to economic news, there is a risk of incurring losses. However, professional traders can sense this, so there is the advantage of being able to reduce losses. Basically, partners should follow the system carefully in line with their objectives and policies. Traders who make a lot of profits can be trusted to a certain extent. Make profits by utilizing your balance in real time.
Learn to trade like a pro trader
Copy trading is attractive because it reflects the trading of professional traders as it is. Therefore, you can refer to the trading strategies of professional traders, etc., and it will lead to seeing the know-how of Forex trading. See the trading decisions of real professional traders through your trades. Intermediate players should be able to learn a lot by actually watching advanced trades.
Social trading account types
You can choose between two social trading account types: MT4 Social Pro and MT4 Social Standard. Social Standard trades under almost the same conditions as the Standard account. Social Pro trades under the same conditions as a professional account.
| Social Standard | Social Pro | |
| Minimum deposit | 500$ | 500$ |
| Minimum margin | 500$ | 2,000$ |
| Minimum lot | 0.01 | 0.01 |
| Order | market order | Market order, instant order |
| Spread | Standard Account | Pro Account |
| Leverage | 50 or 100 or 200 | 50 or 100 or 200 |
| Commission | 0％〜50％ | 0％〜50％ |
investors and strategy providers
There are two positions in social trading: investors and strategy providers. You can trade on your smartphone or PC, and if you leave it alone, a proven strategy provider will find the points and automatically earn you money. You can access various program services from the website. Please also check the latest terms of use.
Investor
Investors do not trade on their own. Investors become followers who copy the strategy provider’s trades. Investors choose a good strategy provider to copy their trades and grow their funds.
strategy provider
Strategy providers are followed by investors and can not only make profits from trading, but also receive success fees from investors who copy their trades. It becomes our duty to make trades profitable and ensure that both investors and strategy providers win.
Social trading risks
On the other hand, social trading also has risks. Please understand the following points before proceeding. Based on statistical data, it does not have the same risks as automatic trading (EA), but there are also large losses. When considering your choice, check and follow up on your grades now. This company’s social trading is famous in the industry for its many financial products.
loss
Social trading is not a system that guarantees a 100% win. It’s just that the probability of winning increases because a skilled trader is doing it, but it doesn’t necessarily mean that you will win. Sometimes it may be negative, and there is also a risk of full deficit, so please understand that before participating.
Trading doesn’t improve
Social trading is, so to speak, trading in which you are entrusted to others. By referring to the trades of experienced traders, you can make a profit, but on the contrary, you will not improve yourself at all. For those who cannot earn money on their own, the problem arises that they have to rely on skilled traders all the time.
There is a fee
Professional traders called strategy providers set their fees on Exness. Therefore it is not 0%. Please note that if you make a profit, a few percent of it will be taken by the trader. The system is such that it is not possible to collect all profits. Exness allows you to set commissions from 5% to 50%.
How to do social trading
I will explain how to do social trading with Exness. The account prepared for Exness needs to prepare an account dedicated to social trading, unlike a normal account. Please download the app.
Download the app and set the following. Once everything is set up, the Exness social trading app is ready to use.
- Select country of residence
- Email address settings
- password setting
- Set a passcode for login
payment
When you do social trading, you start from where you deposit. You can select the service you want to use and make a deposit. If you select each, enter the amount and tap Confirm to display the confirmation screen. If there is no mistake, tap “Confirm”.
| Deposit method | MIN fee | commission | reflect |
| Credit Card | 10$ | free | immediate |
| bitwallet | 10$ | free | immediate |
| Bank Transfer | 10$ | free | 24 Hour |
| Bitcoin | 10$ | free | 72 Hour |
| Perfect Money | 10$ | free | immediate |
| SticPay | 10$ | free | immediate |
start copying
Copying will start from here. Look at the risk score, return, fee, number of investors, etc. and choose the copy destination. Once you’ve selected the traders you want to copy, tap “Start Copying”. Then, the investment amount input screen will be displayed, so please decide the investment amount. When the following screen is displayed, it is completed.
| Return | Indicates high profit margin |
| Risk Score | The higher the level, the higher the risk of losing all your funds in a short period of time. |
| Invertors | Represents the number of investors who are copying the strategy |
| Provider | Nationality of strategic provider |
Stop copying
If you want to stop copying, tap “Cancel copying” in the center of the strategy page. A pop-up will appear, so tap “Cancel copying”. If you are interested in this company, please open an account. Please refer to the article below for detailed information. The effective leverage is high and the withdrawal rules are lenient, so the content is highly rated. New customers can endure up to the limit of their margin. The operation is also licensed by the Financial Services Agency, so you can rest assured.
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