Back in January of 2014 SpotOption, the leading Binary Options trading platform provider, had developed the first Binary Options social trading platform, which it aptly named SpotFollow. Ever since, this great feature has been given a makeover and several improvements have been made to its functions, following which it was then officially been renamed iFollow.
NRGbinary, one of the most established binary options brokers supported by the SpotOption platform is finally ready to launch this revolutionary trading tool and offer it to its numerous customers. As a result, both prospective and current investors are now capable of not only following the movements of top traders in various asset classes, but also to copy them and consequently achieve the exact same trading results.
The concept of “Copy Trading” is not a new one for the trading community as it had been adopted by the Forex trading industry many years ago. And as copy trading and social trading continued spreading like wildfire among the forex trading community, that fire has begun to take hold in the binary options trading community as well.
Social Trading with Binary Options- How To Copy Trade
Although Binary Options trading has only been in existence for a few years, this market has recorded a phenomenal growth during the last five years or so, especially among those who are new to online financial trading. Most new investors find Binary options very attractive due to their simplicity, as trading binary options basically merely involves making a guess, though not a blind one, on whether a specific outcome will or will not occur.
Prior to introducing this new and exciting feature, traders had to individually rely on their own personal knowledge and experience in order to make their investment decisions. As a result new traders had a disadvantage as they lacked any real experience in online financial trading. Nowadays however, as soon as you Open an Account, you are able to start following leading traders with the push of a button. Winning portfolios are not something that should be taken for granted, especially when they are offered as a complimentary feature.
Thus, even if you are a new trader into the binary options world with no idea of how to trade, copy trading is now made available to you to enable you overcome this disadvantage. Once you have gained enough valuable experience, you are also given the opportunity to share your acquired knowledge with new traders, helping you further increase your earnings by leveraging on their trading actions.
NRGbinary continues to maintain its reputation amongst the top leading binary option brokers worldwide and offering their clients the chance to utilize copy trading is yet another step towards consolidating and maintaining their leading position in the market. Stay tuned to NRGbinary company’s section for further news and latest feature developments.