social trading - 10 steps to invest like a pro

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SOCIAL TRADING 10 Steps to Start Like a Pro

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Page 1: Social Trading - 10 Steps to Invest Like a Pro

SOCIAL TRADING10 Steps to Start Like a Pro

Page 2: Social Trading - 10 Steps to Invest Like a Pro

So you want to start Social Trading uh?Good idea.

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Let’s see now the 10 moves that will makeyou start LIKE A REAL PRO.

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Choose a Social Trading company 1

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Evaluate the various Social Trading companies

in terms of…

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RELIABILITYLook only for solid and

well-known companies.

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OFFERED SERVICEThe more and advanced

services they offer, the better.

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FINANCIAL ASSETSThe more financial products they support,

the easier will be to diversy risk.

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ACCESSIBILITYDo they have smartphone-tablet app?

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OUR FAVOURITES?There you go. You can try them with a

super-useful DEMO ACCOUNT:

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eToro

PROSAdvanced

Social Trading

CONSSimple Money management

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ZuluTrade

PROSAdvanced

Money Management

CONSSimple Social Trading

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Ayondo

PROSFocus on the

traders quality

CONSBasic money management

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Understand how the platform works 2

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Examine in depth how the platform works,especially in terms of…

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DATA PROVIDED ABOUT THE TRADER

The more, the better.

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DRAWDOWNCrucial one. Understand how they show the trader’s losses.

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Write down your goals 3

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One of the most crucial step.So… just answer honestly.

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“HOW MUCH CAPITAL DO I HAVE TO INVEST?”

Never invest more than you can’t afford to lose.

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“WHAT IS MY RISK TARGET?”How much are you willing to

“suffer” in case of losses?

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“WHAT IS MY RETURN TARGET?”Basic rule: the more you want

to gain, the more you risk.

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Learn how to find the best traders 4

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Searching for good traders is one the most important phase,

so you have to understand:

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WHICH TRADERS FIT YOUR GOALS

Not every “best” trader is the right fit for your goal.

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THE TECHNIQUES TO FIND THEMLear to use the advanced search tools

at your disposal.

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Learn how to analyze the best traders 5

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Don’t stop your analysis here.Get your magnifying glassand dive into the details.

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STUDY THE TRADER’S DATAEach single data can be useful.

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LEARN TO CORRELATE DATACorrelating data will let you discover

the trader’s secrets.

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Create your People Based portfolio 6

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Finding the best traders is not enough…Now you must efficently integrate them

in your portfolio.

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ASSET ALLOCATIONDecide how much capital each trader should use.

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KEEP A DIARYWrite down why you took such decisions.

It will help you in the future.

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Practice Timing 7

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Being patience and waitingis crucial for the success

of your investment, therefore…

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LEARN WHEN TO ACTIVATE YOUR TRADERS

This will save you a lot o moneyin the beginning.

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Periodically control your portfolio 8

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Now you are the fund managerof your own fund. So…

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SET RULES FOR MONITORING YOUR PORTFOLIO

Don’t waste time by always looking at your creature, you are not a trader.

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Learn how to manage your Portfolio 9

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As a fund manager you will also have to…

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MANAGE WINNING OR LOSING POSITION

First rule: don’t interfere. But there could be times you will have to, so be prepared.

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INCREASE/DECREASE VOLUMES

Learn how to react to the evolutions of your portfolio.

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LEARN WHEN TO CASH THE PROFITS

Turn your portfolio into a risk-free investment.

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Learn when to eliminate a trader 10

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Some traders will not performas expected, but you can’t continuously

babysit for them, therefore…

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SET RULES ON WHEN/WHY TO ELIMINATE THEMThis will help you in taking

difficult decisions.

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THAT’S IT

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These are the 10 fundamental steps youhave to follow to start your

Social Trading career Like a Pro.

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BEST ADVICE WE CAN GIVE?TRY SOCIAL TRADING

WITH A DEMO ACCOUNT!

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WHERE TO GO FROM HERE?Well…

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GOOD SOCIAL TRADING!Bye and...