Social trading is a great tool that Axiom Capital offers that allows investors to observe behaviour patterns of expert money managers. This tool will able you to mirror their trades using ‘copy trading’.
This type of trading requires very little knowledge about the financial markets and is based purely on analysing which traders in the market have spotted profitable trading lines. This is a sophisticated alternative to trading blindly and has a relatively low cost.
Social trading allows you to gain a little bit of help from other successful traders and vice versa exchange information with your trading palls. This also shortens you’re learning experience as interesting methods of trading are shard daily. When copying traders you can learn which different strategies work and equally which don’t.
There are three main types of trades:
Non Social (A single) trade: Trader 1 places a normal trade by himself/herself.
Copy trade: Trader 1 places precisely the same trade as trader 2 one sole trade.
Mirror trade: Trader 1 monitors trader 2’s behaviour and activities and place exactly the same trades on every move from trader 2.
At any given time you can review other professional trader’s activities with the tools provided by Axiom Capital.
Social trading provides the free flow of information individual investors and experienced brokers. Unencumbered accessibility is key within the financial trading market.
Cooperative trading: Social trading will give you the capability of working collaboratively with other traders so your investment ideas can be shared.
Performance stats and market sentiment is totally transparent so numbers are open for visibility on multiple markets.