How Important is Social Media to the Future of Forex? – Vantage FX Comments

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Vantage FX comments on the growing influence of social media on forex.

Vantage FX UK

Vantage FX UK - Multi-Award Winning Forex Broker

Many big names in forex will be descending on London for the City A.M. Active Trader Conference on the 21st June. During which they will discuss insights, strategies and trading tips. It is no doubt that social media’s growing importance in forex trading will be a hot topic.

Vantage FX, Head of Market Analysis Jay Mawji commented:

“Social trading has become incredibly important. Retail clients now have access to more and more educational materials, which has increased their opportunity to make a profit. Social trading allows clients to share ideas, learn from each other’s trades and also to analyse their own trading. With information being at the centre of social trading, retail traders cannot afford to miss out.”

Where the internet broke the first barrier preventing individuals entering forex trading, social media is breaking down the second. The gap in resources between the larger institutions and individual traders is being filled by the knowledge and advice being shared through social channels.

Plus, forex eyes are opening to the fact that the volume of social data can not only inform trades correctly based on financial sentiment, but may be starting to have an impact on the markets themselves.

It will be interesting to see what trends of this kind are discussed during the City A.M. conference and how social will grow as a key indicator in future.

FX Copy

FX Copy is a social network for forex traders which ties in to Meta Trader 4.

Vantage FX clients can:

Connect – Meet, interact and share trades with others
Copy – Copy the trades of top performers in just one click
Learn – Learn from others’ successes
Analyse – Monitor trading performance using free tools
Evaluate – Choose which traders to follow using stats and historical analysis
Exhibit – Display their own successful trade activity to help others

Find out more about FX Copy or how to trade forex with mt4 now.

About Vantage FX

Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.

What sets forex brokers Vantage FX apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools such as a forex market calendar.

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