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Introducing Traders Way Social Forex
Forex trading is an incredibly popular endeavor, drawing millions of people from all walks of life into its high stakes world. Buying and selling foreign currency, commonly known as forex, can potentially yield rewards far greater than those found in stock market. With the advent of social forex trading, the possibilities available to forex traders grow ever more giddy. Traders Way Social Forex has arrived to make that possible.
The Basics of Social Forex Trading
The core concept behind social forex is the same as that of the foreign exchange markets. Buyers trade currencies in pairs, and through a range of different methods, attempt to make money on those transactions. Social forex, however, adds a layer of community to that process, thereby enabling traders to interact and learn from one another as well as to find and share trading strategies.
How to Navigate the Social Forex Waters
Social Forex should not be taken lightly and thought of as an easy, get-rich-quick style of investment. To be successful, it’s important to have a thorough understanding of the markets and an in-depth knowledge of strategies and tactics.
Luckily, Traders Way Social Forex offers guidance on all these fronts. On-site traders can benefit from step-by-step tutorials, while those with a bit more experience can take advantage of powerful analysis tools, market data feeds, and expert opinions. It’s also possible to interact directly with either the trading community itself, or the brokerage’s own dedicated support team.
What Differentiates Traders Way Social Forex?
Though countless brokers and social networks vie for traders’ attention, very few offer the same comprehensive suite of tools, resources, and expertise that Traders Way Social Forex does. Coupled with their renowned customer service and industry-leading trading platform, they open up opportunities that other trading outlets simply cannot match.
Traders Way Social Forex also boasts its own unique achievements, such as their Autotrade Pro software, an automatic order management system. This innovative application gives traders the ability to perform operations with maximum precision and efficiency.
As a seasoned veteran of the market or a newbie, Traders Way Social Forex is perfect for leveraging the advantages of social forex trading. By utilizing their top-notch tools and resources, you can strengthen your understanding of the dynamics of the market and increase your chances of success.
What is Traders Way?
Traders Way is a Forex trading broker founded in 2011. They offer flexible account options along with trading platforms and competitive trading conditions. Traders Way has tight spreads, fast order execution, and a host of other features. They also offer social trading with a low starting deposit and cryptocurrency funding support. It is also possible to use the MetaTrader4 and MetaTrader5 platforms to trade on Traders Way.
Advantages and Disadvantages of Traders Way
Traders Way has some advantages over some other Forex brokers. It has a wide variety of asset classes, from currencies, cryptocurrencies, indices, metals, and commodities. The broker also offers some unique features such as spreads as low as 0.1 pip and leverage up to 1:1000 for certain accounts. Additionally, Traders Way has several payment methods such as bank transfers, credit and debit cards, and e-wallets such as Neteller and Skrill.
Unfortunately, some aspects make it hard to recommend Traders Way. The broker has been accused of using various tactics to manipulate trades to favor their own outcome and this has become increasingly common. Furthermore, they require an unrealistic level of turnover before allowing withdrawals and they also often require deposits to be redeposited. Finally, evidence suggests that they have a low level of customer support and many customer complaints.
Conclusion
Traders Way is a Forex broker that provides flexible account options, competitive spreads, and a host of features. They also have some unique features such as cryptocurrency funding support and the ability to use the MetaTrader4 and MetaTrader5 platforms. Unfortunately, they have some significant flaws including their fraudulent practices, high turnover requirements, and lack of customer service. Ultimately, traders need to decide for themselves whether or not Traders Way is right for them.
