Imagine you have a magic notebook. Whatever your teacher writes in theirs, appears in yours too. This way, you can learn exactly what they are teaching, even if you’re not in class. Social trading in MetaTrader works a bit like this magic notebook, but instead of schoolwork, it’s about trading—buying and selling things like currencies or stocks.

What is Social Trading?

Social trading is a way to copy what expert traders do, automatically. Just like how you might copy a drawing from a friend who is really good at art, you can copy the trades from someone who is really good at trading.

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How Does It Work?

Open an Investment account with XS

Forex accounts give you the ability to invest in various markets. Open XS’s “Standard Account” within Preferred Account Types.

Choosing a Signal:

First, imagine you have a list of expert traders. Each one is showing what they are good at trading. You pick the signal of the trader you like the most.

Subscribing:

Next, you subscribe to that signal. Subscribing is just like following someone on social media or joining a club. It’s pretty easy and only takes a couple of clicks.

Copying Trades:

Once you’ve subscribed, whatever trade the expert makes, your account does the same. So, if they buy something, your account buys it too; if they sell something, yours sells it too. You don’t have to do anything else; it all happens automatically.

Just Watch:

Now, you can just watch and see what happens. Your account is copying everything from the expert, so you can learn a lot by observing how they trade.

Open an account with XS

Why Do People Use Social Trading?

• Easy to Start: You don’t need to be an expert to begin. You can start trading like the pros without needing to learn all the complicated stuff first.
• Learn by Watching: It’s a great way to learn about trading. By watching what the experts do, you can learn some of their tricks!
• Fun and Safe Way to Try Trading: Since you are copying experts, it’s a safer way to try trading, kind of like having training wheels on a bike.

Go to XS Official Website

Things to Keep in Mind

• Not Just Fun and Games: Even though it sounds fun, trading can be risky. It’s important to remember that even experts can make mistakes.
• Be Careful: If you decide to try your own ideas in trading, be careful because it might mess up the copying part. It’s like adding your own secret ingredients to a recipe; sometimes it might not turn out as expected.

Social trading in MetaTrader is like having a guide or a mentor who helps you trade without having to figure it all out on your own. You get to see what the pros do and learn from them, which can be a great way to get started in the world of trading. Just like any adventure, it’s important to be cautious, but it’s also an exciting way to learn and grow.