TradeFred is excited to bring investors the latest innovation in online Forex and CFD trading. Social trading is a new development that allows people to share their successes or best practices, and creates a sense of community.
One of the most important aspects of social trading is copy trading, which enables traders to follow the strategy of successful investors and copy their open positions. It is especially popular as it is open to people of all skill and experience levels.
Benefits of social trading
A major plus point of social trading is the fact that it is completely anonymous. Participants are not required to divulge any personal information, nor give access to their own investment account. This ensures the safety and security of all traders.
Social trading allows inexperienced investors the chance to benefit from the knowledge of others, while also giving successful traders an opportunity to impart wisdom and perhaps receive a reward for doing so.
It is a great way for investors to diversify their portfolio and hedge risk, as they can split their equity between different traders and assets. In addition, social trading provides a platform for live discussion, where people can share real-time opinions and thoughts about market developments.
Why use TradeFred?
As a broker committed to innovation, TradeFred is excited to provide our clients with the opportunity to experience social and copy trading for themselves. However, as a trusted trading partner, we will never let this happen at the expense of our traders’ security.
We will ask all participants a series of questions to determine their suitability and attitude towards risk – ensuring that nobody engages in an activity they are not prepared for. We also follow a set of strict criteria to select investors we believe are worthy to act as experts (known as “Masters”).
Some brokers will only analyse traders on their successes and profits, potentially putting other investors at risk. TradeFred takes pride in the fact that we probe further and ensure that we are only selecting Master Investors that are not too risky in their endeavours. This is just another way in which TradeFred seeks to put the best interests of our investors above everything else we do.