Best Social Trading Bot Features
OFFICIAL SITE: socialtradingbot.com
The Social Trading Bot platform is a truly one of a kind day trading application, one designed to allow newbies to make easy profits. Today we are here to take a look at the best Social Trading Bot platform features to show you just how easy it is to make a profit.
Social Trading Bot Software – Best Features
Okay, so now that we have established exactly what the Social Trading Bot app is and what it can do for you, it’s time to take a closer look at the platform.
As we said before this semi-automated day trading platform for Forex and CFDs, what appears to be quite a reliable one.
Moreover, it’s designed to be super user friendly and easy to trade with. Let’s take a look at the best Social Trading Bot platform features which make it such a joy to trade with.
The Economic Calendar
One of the best features you get with this Forex & CFD trading platform is the economic calendar. When it comes to FX/CFD trading, economic calendars are always crucial to success. More than anything else, they can tell you if there is 3 Bull News on the horizon for any given currency.
Of course, this is very important to be aware of, especially for currency trading. The economic calendar included here provides you with vital market information and news, real time and up to date info that will help you determine what the best signals to trade with are on any given day.
What’s cool is that this particular economic calendar is divided into sections. You can choose to look at economic news from various countries, from continents, or you can look at the G20 countries too.
Dynamic Economic Calendar
The Social Trading Bot platform does also come with a more advanced dynamic economic calendar. It is somewhat similar to the normal economic calendar, but it helps to provide you with much more specific economic news and developments of the day, factors that can and will affect your trading.
One thing you might see on this dynamic economic calendar is something like “USA GDP Advance -4%”, which gives you a good indication of what is going to happen with the USD in the near future. Having access to this kind of accurate and up to date economic information of specific countries is vital to Forex and CFD trading success.
Social Trading Bot Fundamental News Table
Yet another feature of the Social Trading Bot platform which you may really appreciate is the fundamental news table. As the name of it implies, this is a feature which will provide you with real time, up to date, and accurate fundamental news developments from around the world.
This therefore allows you to do a bit of your own fundamental analysis on signals. An example of what you might see here is something like “Dollar holds weaker as focus stays on the fed”. It’s an important piece of news you’ll need to be aware of if you want the USD to be one of the currencies you plan on trading for the day.
The Forex Heatmap Screener
One of the best Social Trading Bot platform features you get here is the so called Forex heatmap screener. Now, Forex heatmaps are not exactly new. They have been around for quite some time, and yes, they are very useful for FX trading.
However, what is new is that this heatmap screener is included in a trading platform, this one. This has never been the case before and we do think that the addition of this feature is rather genius.
A simple way of explaining what this is, is that it is an indicator, one which informs you of the relative strength of one currency against another. It’s a really ingenious tool, something that every FX and CFD trader can use to their advantage. Let’s keep in mind that this is a super advanced feature that comes to you totally free of cost.
Cross Rates Info
The cross rates feature is related to the heatmap screener, but instead of focusing on major and national currencies, it focuses on “the currency exchange rate between two currencies when neither of those currencies are the official currencies within the countries in which the exchange rate quote is given”. That is the definition of a cross rate, and if you plan on being a successful FX trader, you better get familiar with what these cross rates are and what they tell you.
Social Trading Bot Signal Probability Indicator
Perhaps the number one best feature which you get with the Social Trading Bot platform is the signal probability indicator. This is a special feature which actually tells you what the chances are of any given trade being a winner.
For instance, here you might see something like “USD/CAD probability rating 80%”. This would mean that the particular signal for USD/CAD has an 80% chance of turning out to be in the money.
This kind of exact estimate in terms of whether or not a trade is going to be winner is essential to success. One little piece of advice we can give you here is to never place trades on signals that have a probability rating lower than 72%.
One Click Trading
Although not exactly a platform features like the others we have looked at so far, Social Trading Bot software does feature one click trading. In other words, all relevant info and signal parameters are provided for you. You literally just have to use your mouse, click once on a specific signal, and the trade will be executed for you. Folks, CFD and Forex trading really does not get any easier than this!
Social Trading Bot Platform Features – Final Thoughts
The bottom line is that the Social Trading Bot app is one of the most feature friendly FX and CFD trading platforms around. It comes with everything you need to make profits. It’s so easy to use that even a total newbie can make money with it! We will be doing further Social Trading Bot reviews, including an FAQ to answer questions, as well as a live trading session to see how well it performs.