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Importance of social trading in forex
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[QUOTE="Phabbyfundz, post: 150970, member: 49202"] Foreign exchange is a really good venture but also a really technical one as well. There are a lot of things to weigh and take into considerations before you can be a really profitable trader and avoid losses. As the name implies forex is the exchange of commodities , currencies, goods or even stock at a given rate. Forex has a some thing you have to know and the importance of social trading is one of them. So what is social trading in forex ? It is an act of systemic method of gathering information ,trading style etc from a person who is a for ex trading and copying it into your own trading methods. Social trading helps you to see or observe how other successful traders or profitable traders carry out their own trading activities and it gives you incite in the possible trading mistakes you might make and by so doing you can avoid all possible losses and become an really successful trader. [/QUOTE]
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