The trading world is changing with the rise of “Social Trading”. In addition to the typical trader trading from home with a terminal, and having put in the time to learn how trading works, develop the strategies, partake in an online training course and so on, we have seen the rise of “Social Trading”. Companies such as etoro and Ayondo are leading the field in this regard, and simply put it enables you to open and fund an account (adhering to leverage rules) and then simply select traders that you want to follow. When they place a trade, it is replicated in your account and then you win or lose together.
I recommend Ayondo as my preferred Social Trading platform. Ayondo provides a secure, easy and responsive trading experience, supported by excellent customer service, so you can focus on maximising your rewards.
Obviously some traders are better than others, as well as the usual dreamers with a demo account, so I suggest you only follow real money accounts (denoted by an R over their profile logo). Its also worth looking at the stake size that traders are doing. There are plenty on there doing a couple of pence per trade but the % returns look good. Most of the time they are running stops that are thousands of points away also. There are a range of filters so you can select the amount of risk that you want and find traders that fit in your profile. There is a whole range of help on the Ayondo website.
The good thing about ayondo is that it provides a bona fide track record of real trades. There are many “signal services” out there that just take your money, post trades and don’t even log their results, yet expect you to pay them money for their “tips”. That is something that I think is particularly shady. Its why I post all my results on this site as well.