Nowadays, the forex market has become the world’s largest financial market. Wise people always follow the trend, and more and more investors are beginning to pay attention to the forex market. To save time and effort, forex beginners often opt for professional forex asset management companies to entrust their forex MT4/MT5 investment accounts to experienced traders or fund managers with strong trading performance for full management. Let's talk today about forex hosting professional trading and community following.
01. What is Forex Hosting?
In simple terms, forex hosting is akin to hiring a private nanny for one's account. This way, investors don’t have to worry about managing their accounts themselves and can do what they want in their spare time. Now, more and more investors prefer this investment method.
Forex beginners who lack time or have poorer profitability entrust their forex accounts to professional custody companies or professional traders. The entrusted party charges a certain commission or profit as a management fee or reward. Generally, for those lacking time or experience or new entrants to the forex market who cannot make trading decisions independently, forex hosting is a favored choice.
However, forex trading is a high-risk, high-reward investment, and some forex hosting companies may also require investors to assume a certain ratio of risk (agreed risk drawdown). Firstly, there is a risk of capital loss when investors hand over their forex account to an asset management company or an individual trader; moreover, even assets managed by companies or traders can suffer losses in extreme market conditions.
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What are the advantages of Forex Hosting?
【Collective Experience】Forex hosting systems integrate the collective wisdom and experience of numerous trading experts, surpassing manual operations in strategy selection, market judgment, position control, trading discipline, risk control, and profitability.
【Faster Speed】As orders are executed by a technical team, it ensures faster order placement and closing speeds, allowing for more sensitive responses to price changes and trend shifts.
【Emotionless】The operations team of the hosting system can overcome human weaknesses, buying when it’s time to buy and selling when it’s time to sell, without hesitation or greed. This avoids emotional trading.
【24-Hour Operation】The system monitors the market 24/7, automatically trading when the odds are in favor, without human intervention, allowing peaceful nights of sleep and focus on other work during the day.
【Profitability and Protection】Forex hosting systems have strict stop-loss and risk control measures, avoiding overtrading and emotional trading. Profits depend entirely on the system’s design and technical level. Making money is the ultimate goal!
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Types of investors suitable for Forex Hosting:
- Investors who are busy with work and do not have time to monitor and analyze the market;
- Investors new to forex and lacking experience;
- Investors with capital who understand the importance of diversifying investment risks and are very rational.
02. What is Leading the Trading?
Simply put, forex beginners find themselves a personal tutor. Instead of admiring the fish, it’s better to withdraw and cast a net. Freelancers or business owners, who have ample time and a strong sense of independent investment, may seek out an experienced market trader or analyst to learn trading techniques and analytical thought processes.
Forex beginners lacking trading experience or with poor profitability may choose an analyst to lead their trading, with the teacher providing daily investment advice or strategies for investors to execute their trading plans. Analysts charge a commission fee as profit or reward. Generally, for those with ample time but lacking market trading experience, or new entrants to the forex market unable to make independent decisions, finding a teacher to lead the trade is a good choice.
03. What is Community Signal Following?
To save time and effort, forex beginners may use forex follow-trading software, or link their accounts with a trading follow community platform ranking high or with traders showing strong profitability, establishing a follow relationship to trade automatically following the forex expert’s trades proportionately or by number of lots. Automatic following can be considered an “upgrade” of traditional following. It’s done through follow-trading platforms that automatically follow the trading signals of profitable forex investors.
Who uses follow-trading software?
- Forex investment beginners: Follow the experts to reduce the risk of loss.
- Forex experts/senior traders/operators: Can lead beginners in trading, profiting themselves while helping others to profit, and earn additional service fees. Build their own community, start a company focused on providing follow-trading services, training, and fund management.
- IB agents: With the help of follow-trading software’s multi-level commission system, achieve multi-level automatic commission settlement, saving manpower, using viral marketing to develop business, solving client acquisition challenges. Follow “Coolx Finance Secret” for more knowledge on forex and currency hedging.
- Asset management companies: Utilize follow-trading software to establish internal follow-trading systems, assisting professional traders to manage multiple accounts across platforms.
- Brokers: Leverage the forex clearing (exchange) system, platform follow-trading systems, multi-level commission systems, and trading competition systems. Easily attract merchants, manage customer relationships, and help IB agents develop clients more efficiently.