With so many Forex companies, it can be hard to decide which one to choose. Some companies may offer excellent service and still not have the best trading conditions, while others may have exceptional trading conditions but mediocre customer service. HotForex, however, provides a combination of both of these factors that sets it apart from other companies in the industry.
Another hot topic in customer service is social media. Customer service through social media has its ups and downs, but it’s something that many companies find more value in than ignoring. Customers are more likely to complain online when they feel ignored by a company’s customer service department, so there’s less chance for angry outbursts if you’re listening on Facebook and Twitter.
Most of HotForex’s competitors use MetaTrader 4 (MT4) as their trading platform. MT4 is a tried and tested platform that most forex brokers have adopted. Some traders prefer its simplicity, while others may struggle to find their way around it. Whatever your preference, there’s no denying that MT4 offers a quick and powerful trading experience, which is why it’s so widely used across every broker on our list.
Is Copy Trading the Future of Investing?
Over the past few years, the stock market has risen and fallen unpredictable, making it increasingly difficult to forecast which stocks will be the following big winners. This makes it harder to find solid investments if you’re not an expert or don’t have the time or resources to thoroughly research stocks yourself. Many investors choose to turn to copy trading instead of risking their own money and hoping they pick the right stocks themselves. What exactly is copy trading, though? Is it the future of investing? And should you consider using it?
The benefits and downsides of copying successful traders
Copying successful traders can be a great way to increase your potential for profitability and bring new money into markets. However, copied trades also have downsides, so learning about both sides is essential before diving in headfirst is necessary.
How to go about using a copy trading service
To be clear, I’m not recommending you sign up for a copy trading service. Instead, if you want to get started investing with other people’s money, here are two good ways: 1) use a Robo-advisor like Betterment or Wealthfront; and 2) find an active investor on Twitter (look for hashtags like #activerainvestor and #activeinvestors). Then, follow them and learn from them.