Social trading and collective wisdom – genxfxtrader
Internet has revolutionized the way we do business at all levels, connecting thousands of millions of people around the world , breaking the barriers of time and distance. It has unleashed a tsunami of information that gives us unlimited access to information and knowledge, which was unthinkable even 20 years ago. This revolution in communications is challenging many of the traditional monopolies, promoting the opening up to competition and giving people much more freedom of choice.
Another way in which the Internet has transformed the lives of people is through social media. A large number of people have welcomed sites like Facebook, Twitter and other multiuser platforms, using them to get in touch with people located anywhere on the planet.
The world has become the size of a handkerchief when thoughts , film clips or comments become viral.
Anyone with a mobile phone can transfer content to contacts or friends at the same instant , regardless of location, potentially reaching millions of recipients. A hundred years ago, the news could take months to reach some parts of the world; whereas now they reach the whole world in a matter of seconds.
One of the industries that has undergone the biggest changes due to the impact of the Internet is the Financial Services and stockbroking. This world previously closed, was dominated by professional investors and brokers who maintained strict control over the markets. The online trading and investment has opened world markets for anyone who simply possesses a internet connection and a minimum amount of funds to invest. A large number of independent investors are overlooking the intermediation of brokers traditional opening their own investment accounts, embracing financial freedom, flexibility and independence that online trading offers.
The proportion of investments by independent investors still represents a fraction of the thousands of millions of dollars traded daily by brokers in the forex markets in the world , but the good news is that this proportion is growing every year. Adults of all ages, social origin and nationality are investing in securities, stocks, commodities, indices, bonds, ETFs, ADRs and all types of financial instruments.
A phrase we hearing a lot in recent years refers to “Wisdom Collective”. What is this concept in short words? It is a theory that is at the heart of the new online trading revolution itself: “The Social trading”. Even in a rapidly evolving industry, the success of Trading Social has taken many experts by surprise and is leaving many of the great sites very nervous trading.
The Social Trading is a recent phenomenon that combines media communication style social and sharing of information, along with high – tech investment online. Think in terms of a trading platform that works similarly to an account of Facebook which also can display strategies and movements of other traders, converse with them, seek and share advice online and even copy their operations.
Online trading becomes a transnational company markets open trading 24 hours 5 working days of the week . A trader located in Buenos Aires can now follow online the evolution of Asian markets, while investing in shares of first order in the US and simultaneously monitors the performance of Ger30 and FTSE100. Social Trading leverages the wisdom of crowds to gather millions of people around the world and encourages them to share their knowledge and insights, generating a better collective result.
It is possible to quickly and easily from other traders learn and adopt their strategies for trading. Due to openness and transparency in Social Trading (and the Internet in general), it is virtually impossible for people to deceive or bragging about their skills investment.
eToro is was one of the pioneers in building a community based Social Trading , becoming one of the market ‘s leading platforms, forming one of the largest active communities in Social Trading since 2007 . The site expanded rapidly developing its own technology to meet the opportunities and challenges that Social Trading was creating. eToro community has an estimated 5 million traders from over 140 countries and is taking off in Latin America and other countries speaking Spanish.
The trading platform eToro allows direct communication between investors who can create watchlists, share information on their profiles and set up your accounts to automatically copy to other investors, determining how much money you want to assign. An innovative program Investors are also offered Popular granted a second income to those social Traders to be copied by others – and of course, follow the terms and conditions of the portal.
If you want to learn about social trading, we suggest you sign the webinar: What is the social trading and how it works?