Caleb Baker, founder of Trading Solutions for Brokers, answered the questions of our editor in detailย about what exactly the social platform COPYDEAL is and why social trading in the future will bring theย most profit.
In your opinion, what separates social trading from other investment products that brokers offer?
Letโs start with the fact that in a highly competitive environment, we have to find increasinglyย progressive technical solutions to satisfy the high expectations of modern-day traders. Letโs not forgetย that demand creates supply. Interest in the financial market is growing by the day.
Hundreds ofย thousands of people eager to increase their capital turn to brokerage firms. The only problem they faceย is: how can they start trading without any expertise in a way that minimizes losses? Social trading isย exactly the assistant that protects every beginner trader from their own mistakes.
COPYDEAL is a kind of social network for investors centered around a shared objective. Great opportunities are emerging for the users. Everyone can manage their own investment portfolios as theyย see fit. You can send trade requests, open and close orders, and copy portfolios of successful tradersย through a single click.
And whatโs more, trades can be discussed. You can ask, for example, what prompted a trader to buy or sell a particular stock. And it doesnโt matter which country the trader is in,ย be it the United Kingdom, Germany, the US, or Singapore. COPYDEAL does not have territorial restrictions. All you need is a computer and internet access.
Do you think that, unlike classical trading, a social trading platform is a less risky way of working withย the financial market?
Yes, thatโs right. Obviously you canโt eliminate risks completely, but you can minimize losses becauseย you are only copying the trades of those whose profits are actually high. Furthermore, you can monitorย the strategies of professional participants, learn from them, and ask questions as they arise.
To startย working successfully, all you need to do is complete a few simple steps. Sign up as a trader onย copydeal.com. Connect an open MT5 trading account to COPYDEAL. Select your role in social trading.ย Set the asset allocation to diversify your portfolio with less than 5% risk. Subscribe to a successful strategy and earn money easily.
So is social trading for everyone, or are there still limitations like experience, age, or financialย situation?
COPYDEAL is available to all without exception. It doesnโt matter who you are or how much money youย have; what matters is your desire to make money and develop your skills in the field of financialย investments. Beginner traders have a huge choice of signal providers at their disposal. Everything isย transparent. You can see their profits, losses, and the number of traders subscribed.
Of course, you needย to spend some time selecting a provider, checking his profits and losses. Knowing this, you can easilyย build your own portfolio. Through many years of experience in various investment companies, I haveย come to understand one simple thing: just like family relationships cannot exist without communication, neither can trading exist without the exchange of knowledge and experience between traders.
Tell us about the creation of Trader Solutions Brokers and your partnership with Pascal Moore.
I have known Pascal since our days at Oxford. Following graduation, he spent a lot of time developingย software for prime brokers, as did I. We often saw each other at seminars and conferences, where weย always talked about how nice it would be to work together. Both he and I had our own ideas and plans,ย but what united us was a shared vision of how the ideal service for working with trading instrumentsย should look.
Eventually, we decided to incarnate our many hours of discussion into an ambitious,ย revolutionary project called COPYDEAL. So at the beginning of 2013, we started Trader Solutions Brokersย and began to work on the launch of the social trading platform. We sincerely hope that after theย platform is released, millions of traders from all over the world will appreciate our effort.
What would you like to wish your future clients?
I would like to wish all traders this: โNever stop pursuing your dreams!โ Our company, in turn, will doย everything we can so that the journey to your dreams is as short and easy as possible.
Good luck and lots of profits to everyone!
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