To become a successful Forex trader every novice has to spend a lot of time and money studying this market. Everyone wants to achieve positive results as soon as possible, and here is the solution.
Creating a personalized trading system is no longer necessary. Forex Collective2 lets a trader choose from a library of trading strategies, and then automatically trade those strategies in their own brokerage account. A trader is also capable of trading a mixed portfolio of strategies in one account.
Until Forex Collective2, there has been no central authority that monitored, ranked, and audited trading strategies. The investor/trader’s knowledge of a trading strategy’s performance has historically been dependent upon trusting the results claimed by a trading strategy developer. This “trust” of trading strategy developers is no longer required. When a trading strategy sends signals to “Buy” or “Sell” Forex Collective2 tracks how that trading advice actually performs in real life, then presents results for public inspection.
Traders are provided with a set of tools which make it easy to find top-performing strategies in the Forex Collective2 database. Once a suitable strategy is found, a trader can “subscribe”, much like subscribing to a newsletter. Each strategy subscription has a nominal monthly charge, which varies, and is determined by the trading strategy creator. Cancellation requires just one click, at any time, with no questions asked.
When a trader becomes comfortable with the chosen strategy, they can “autotrade” it – that is, have the trades placed automatically into a brokerage account. No software is necessary to run on the end user computer, just to provide the appropriate account details to Forex Collective2 and they will do the rest.
Autotrading does have an appeal by way of having the trading systems do all of the work, but that doesn’t mean a trader is out of control with their strategy or strategies. Forex Collective2 lets a trader stay in the loop, and in control. One can watch the trades being placed, as they happen, examine open positions, and watch profit-and-loss, in real time.
The trading system and strategy can be overridden at any time. For example, if a trade is in profit, and the trader would like to close it to lock in the gain, immediate closing is made easy. Alternately, if the trader sees a losing trade that is not preferable, it can be closed easily as well. AutoTrading can be shut down completely, and instantly, any time of day or night.
Visit Forex Collective2 official web-site http://fxco.collective2.com for more information
