4 minute read
How does EXNESS Social Trading work?
Exness Social Trading is a platform that allows traders to copy the trades of successful, experienced traders (known as Trader-Leaders) in real time. This system enables beginner traders to gain exposure to financial markets without needing to be experts themselves. At the same time, experienced traders can share their strategies with others and earn from the copied trades. Here’s a breakdown of how it works:
1. Types of Accounts in Exness Social Trading
There are two main types of accounts involved in Exness Social Trading:
Investor Account: This account is for individuals who wish to copy the trades of experienced Trader-Leaders. Investors do not need to have deep knowledge of trading but can benefit from following successful traders and mirroring their strategies.
Trader-Leader Account: Exness account is for experienced traders who want to share their strategies and earn by allowing others to copy their trades. Trader-Leaders are compensated based on the number of investors who copy their trades and the profits generated.
Start Exness Trade: Open Exness Account and Visit site
2. Choosing a Trader to Copy
The process of using Exness Social Trading begins with selecting a trader to copy. Investors can browse profiles of Trader-Leaders based on various criteria such as:
Performance: How successful the trader has been in the past.
Risk Level: Each trader will have a risk rating that helps investors understand the risk involved in copying their trades.
Trading Style: Investors can choose traders based on their preferred asset classes (forex, commodities, etc.) or trading strategies.
Once a trader is chosen, investors allocate a portion of their funds to copy that trader's trades automatically.
3. Copying Trades Automatically
When you copy a trader, your account will automatically replicate their trades in real time. For example, if the Trader-Leader opens a buy position on EUR/USD, your account will open a similar buy position for the same pair at the same time. The proportion of the trade will be based on the amount you’ve invested in copying the trader.
Copying is Proportional: The amount you invest determines how much of the trader's positions you are mirroring. For example, if you invest 10% of what the trader invests, your copy trades will be proportional to that amount.
4. Costs of Copy Trading
Exness does not charge any direct fees for using the copy trading feature. However, Trader-Leaders may charge a performance fee, meaning that they receive a percentage of the profits made by the investors who copy their trades. The performance fee varies from trader to trader and is disclosed on their profile.
5. Exness Social Trading App
Exness also offers a mobile app for social trading, making it easy to track and manage your copy trades on the go. With the app, you can:
Browse and filter Trader-Leaders.
Monitor the performance of your investments.
Receive notifications about the status of your copied trades.
Start Exness Trade: Open Exness Account and Visit site
6. Risks and Rewards
While Exness Social Trading offers opportunities for profit, there are risks involved. As an investor, you are exposed to the same risks as the Trader-Leader you copy. If the Trader-Leader makes a loss, you will also experience a loss in proportion to your copy investment.
However, choosing the right traders to copy, diversifying your investments, and managing risk can help mitigate some of these risks.
7. Becoming a Trader-Leader
If you’re an experienced trader, you can become a Trader-Leader and earn money by allowing others to copy your trades. To become a successful Trader-Leader, it’s essential to:
Build a proven track record of profitable trading.
Be transparent about your strategies and risk levels.
Engage with your followers to maintain their trust and loyalty.
Conclusion
Exness Social Trading works by allowing beginner traders (investors) to copy the trades of successful traders (Trader-Leaders). It’s a great way for people to get involved in trading without needing to actively manage their trades. At the same time, experienced traders can earn additional income by sharing their strategies with others. By carefully choosing who to follow and being aware of the risks, both investors and Trader-Leaders can benefit from Exness Social Trading.
See more:
