Social Trading is a social network that connects investors who operate with people who do not have enough time or knowledge and want to invest in the markets. On social trading platforms you can trade, follow, comment, do nothing or just learn from others.
It is essential:
- Analyze the ranking of the Top Traders in NAGA
- Know the necessary capital to start copying the Top Traders
- Follow or copy Top Traders on social trading platforms
- Data to consider when selecting a Top Trader
WHAT IS A TOP TRADER
The Top Traders are the investors who make profits by trading and also by being copied. The people who follow their operations take a profit and they a percentage of that profit obtained. An important fact things to keep in mind when following a Top Trader are the copiers it has and especially the operations it performs. The more copiers they have, the more trades they usually make and the more profit they make. Within the profile of the Top Traders you can analyze the activities, statistics and achievements of each one. If you enter the NAGA platform, you can see that the Top Traders are classified by:
– Operations carried out
– Benefits obtained
As Top Traders earn achievements, the platform upgrades them:
CAPITAL NEEDED TO START COPYING
The most important thing, what one always wonders, is:
What minimum capital can I start with?
This is the million dollar question whenever you talk about platforms and operations.
We must be very clear about how to manage capital and risk, that is why we must look at the investor’s achievements because it is a very important piece of information to know what capital the Top Trader normally operates with.
In the activity section of the platform you can see the latest operations made by the Top Trader, you can communicate with him, post charts, comment on the operations, etc.
FOLLOW OR COPY
On social trading platforms you can have followers or copiers. The followers , they are stalkers that watch you and watch what you do. They are looking to see where you are going.
And the copiers They are the ones who come to copy you. Those who want to do what you do.
DATA TO TAKE INTO ACCOUNT WHEN CHOOSING A TOP TRADER
The earnings graph It refers to all the benefits that the trader has obtained, including those that he has obtained by copying. In this case the own operations are simply the profit that he has obtained.
You can also take into account the
Average ROI per operation: the profit you have made on each trade on average calculated with the margins.
Another important fact is: the profit factor . It is the gross profit divided by the gross profit, and determines how profitable that trader can become.
The autocopier funds they are also very important to know if you have open positions at that very moment either winners or losers. That figure is what we would call the trading volume.
In the frequent assets the market in which the Top Trader normally trades is displayed. The draw down It is the largest range of losses that the Top Trader has come to assume.
All this information about the Top Trader is what helps us to be able to study and know how this Top Trader evolves.
To learn more about how to choose the Top Traders, do not miss the full class: Basic tips to choose the best Top Traders