ProFollow-Your Social trading Companion
Social trading is the new hymn in binary options yet many brokers are slacking behind. At BigOption, we understand the importance of social trading which is where the ProFollow saw the dawn. What is social trading and how can you benefit from it? Well, the ProFollow gives you the ability to scan successful traders and to copy their transactions when you follow them. It is completely legit and is more of a competition than a classroom test-cheating. By copying these transactions, you will actually open similar trades just as the leader you are following. Every leader will be categorised by assets, by country flag and you will recognise them by their initials. The success rate will be the prominent aspect over the platform that will help you discern who is leading.
How will this help you?You must be thinking what’s the big deal in social trading or even why should you follow other traders. In fact these traders, known as leaders are very experienced and their results talk for themselves. You can see them as role models who are sharing their part of success with you. As a beginner in binary options, it would be a start to replicate these trades and to see them turn into profits. And while you can also be prone to losses which are not so likely to happen, you will learn from them. Moreover, ProFollow enables you to choose your follow period which can range from one day to one year. Besides, you can select from multiple assets, look for the one that suits you and find a leader accordingly. ProFollow also takes care of your investment amount. For you to have a control over your initial investments, you can choose the investment limit per trade. This allows you to develop a good money management strategy and helps you keep an eye over your funds.
Binary options education can be an important by-product of social trading. As a beginner, it would be good to understand trends and enrich your knowledge for a solid foundation. For a successful trading career, unlike popular beliefs, an unflinching education is vital. BigOption is very much concerned about arming traders with the appropriate tools in order to boost their trading capacity. There is a popular saying that states, ‘Give a man a fish, and you feed him for a day. Teach him how to fish, and you feed him for a lifetime.’ Well, this is the real purpose of ProFollow. Do not hesitate to try this fabulous trading tool!