What Is Social Trading and How Can Bitget Insights Help You?
Whether you’re looking for an entry point into the world of trading or you’re already a seasoned expert but hope to generate an extra source of income, Social Trading is an emerging trading mechanism that you won’t want to miss out on.
Social Trading as an Emerging Phenomenon
In essence, Social Trading combines the interconnectedness of social media platforms with the world of finance and trading, allowing members of the community to share their ideas, strategies, and positions with one another. Those who are new to the market and wish to gain more knowledge can rely on the expertise of traders who have developed a strong portfolio over the years, while the latter can earn Followers through our One-Click Copy Trading system and enjoy more returns through the programme.
Just like Facebook, Twitter, or Instagram, Social Trading platforms like Bitget offer a trusted and secure space for traders of all levels to learn from each other, discuss trading strategies, and make more informed decisions. Collective confidence can build through collaborative efforts, and those who need inspiration will have plenty of professionals to turn to.
Benefits of Social Trading
Staying connected has become a major aspect of everyday life in modern society, but Social Trading also brings a myriad of other benefits to your trading experience, especially if you’re a new retail investor trying to enter the market. First and foremost, Social Trading lowers the barrier to entry for complete beginners by allowing them to observe how other, more experienced traders are performing. You’ll be able to see exactly when and what positions are opened and closed, along with their track record, so even if you’re not familiar with any trading strategies or technical analysis, you can easily copy and mimic an expert’s positions.
Of course, you’ll want to follow a professional that trades in a style which aligns with your own goals and preferences, and you’ll be able to do so through our filtering system to better finetune your search results. Transparency is also of utmost importance to us, which is why you will have insight into exactly what your preferred expert is doing and has done, with support from real transaction costs and returns via real-time statistics. You’ll be able to glean from the amount of Followers a registered trader has as well as the rating given to them by those Followers. Finally, Bitget ensures that all registered professionals are fully verified through our strict system before being allowed to take on Followers.
Bitget Insights Takes Social Trading to a New Level
Bitget Insights is the latest feature launched by our exchange platform and elevates Social Trading to a whole new level. Expanding your scope beyond simple copy trading, Bitget Insights creates a brand new newsfeed on our platform where expert traders and registered professionals can share their opinions and advice to retail investors.
Just like your Instagram or Facebook feeds, Insights highlights the latest news and analysis from our 55,000-strong community of seasoned traders so you can understand not just what these experts are trading but also why. The aim is to enable social traders to eventually become equally capable independently while creating more Key Opinion Leaders within the field to further assist newcomers to the market, catering to a myriad of trading preferences depending on how frequently you wish to trade and how aggressively you wish your positions to be.
Much like our Copy Trading service, Bitget has also put into place a series of safeguards to ensure that all the information divulged by professionals are valuable and in good faith. To prevent malicious advice and scams, our platform will only allow verified accounts to share their market views. Some of the criteria include having a trading account on Bitget with a record of their trade history as well as a substantial and verifiable following across their other social media platforms. With these measures in place, you can trust that the information provided to you via Bitget Insights is as safe and considered as possible.
If you’re looking to enter the world of trading but don’t know where to start, be sure to make the most out of Social Trading by utilizing Bitget Insights, which is now live over on our Bitget app. Simply download our app on either your Android or iOS device, create an account, and start browsing. With two million Bitget users across the globe contributing to a Copy Trading volume of US$64 billion, you'll certainly find an expert trader that meets your criteria.
