Over one million traders have chosen LiteFinance to trade in the financial markets. The company has designed one-of-a-kind services for smooth and successful trading: a dedicated online platform, a copy trading
Copy Trading
Copy Trading allows individuals in the financial markets to automatically copy positions opened and managed by other selected individuals. This can take shape across virtually any asset class, including equities, commodities, or foreign exchange.Copy trading differs notably from mirror trading, which is defined as a method that allows traders to copy specific strategies. Rather, copy trading links a portion of the copying trader's funds to the account of the copied investor.Consequently, any trading action taken thereafter by the copied investor, i.e. opening a position, assigning Stop Loss and Take Profit orders, or closing a position, are also executed in the copying trader's account.This is done proportionally between the copied investor's account and the copying trader's allotted copy trading funds.The copying trader also typically retains the ability to disconnect copied trades and manage them independently, as well as terminate the copy relationship altogether. Most commonly, copied investors are often compensated by flat monthly subscription fees on the part of a trader seeking to copy their trades.Proliferation of Copy TradingCopy trading has grown in popularity in recent years and led to the development of new types of investment portfolios.This includes People-Based Portfolios or Signal Portfolios. Since 2010, copy trading has become an increasingly more widespread and popular feature amongst online brokers.The appeal is obvious for newer or less experienced traders, who are able to benefit from the trading decisions of investors whom they deem successful or more experienced.Copy trading draws similarities to social trading, which usually includes the ability to connect with other investors using the platform in social ways. This includes comments, likes, link sharing etc. as well as find potential copy trading candidates by viewing investors' performance statistics.Some platforms also provide ways to sort and rank traders according to certain performance parameters, thus making it easier for traders to find potential investors to copy.
Copy Trading allows individuals in the financial markets to automatically copy positions opened and managed by other selected individuals. This can take shape across virtually any asset class, including equities, commodities, or foreign exchange.Copy trading differs notably from mirror trading, which is defined as a method that allows traders to copy specific strategies. Rather, copy trading links a portion of the copying trader's funds to the account of the copied investor.Consequently, any trading action taken thereafter by the copied investor, i.e. opening a position, assigning Stop Loss and Take Profit orders, or closing a position, are also executed in the copying trader's account.This is done proportionally between the copied investor's account and the copying trader's allotted copy trading funds.The copying trader also typically retains the ability to disconnect copied trades and manage them independently, as well as terminate the copy relationship altogether. Most commonly, copied investors are often compensated by flat monthly subscription fees on the part of a trader seeking to copy their trades.Proliferation of Copy TradingCopy trading has grown in popularity in recent years and led to the development of new types of investment portfolios.This includes People-Based Portfolios or Signal Portfolios. Since 2010, copy trading has become an increasingly more widespread and popular feature amongst online brokers.The appeal is obvious for newer or less experienced traders, who are able to benefit from the trading decisions of investors whom they deem successful or more experienced.Copy trading draws similarities to social trading, which usually includes the ability to connect with other investors using the platform in social ways. This includes comments, likes, link sharing etc. as well as find potential copy trading candidates by viewing investors' performance statistics.Some platforms also provide ways to sort and rank traders according to certain performance parameters, thus making it easier for traders to find potential investors to copy.
Read this Term service, and mobile apps.
Dedicated trading platform
The LiteFinance team yearns to make online trading smooth and accessible to everyone. One of the broker's solutions is a user-friendly trading platform that runs in any browser on any device.
The platform includes the "Trade", "Copy", " Analytics
Analytics
Analytics are defined as the detection, analysis, and relay of consequential patterns in data. In particular, analytics also seek to explain or accurately reflect the relationship between data and effective decision making. In the example of the retail trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. Why Use Analytics?Predictive models of analytics involve the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Furthermore, analytics may also be structured with a descriptive model. In this sense, readers attempt to draw a correlation and better understanding as to how and why traders react to a particular set of variables. Retail forex traders sometimes implement technical indicators such as moving averages, Bollinger Bands, and breakpoints which are built upon historical data and are used to predict future price movements. Analytics are also associated with back-testing strategies. Back-testing is used by traders to test the consistency and effectiveness of trading strategies and software-based trading solutions against historical price data. Analytics are also relied upon in the concept of algorithmic trading where software is programmed to autonomously signal and/or execute buy and sell orders based upon a series of predetermined factors. In the institutional space, algo-trading has become vastly competitive over the years as trading institutions seek to outperform competitors through automated systems and the virtual application of trading strategies.The digestion and computation of analytics are also seen in the emerging field of high-frequency trading, where supercomputers are used to analyze multiple markets simultaneously to make near-instantaneous automated trading decisions.
Analytics are defined as the detection, analysis, and relay of consequential patterns in data. In particular, analytics also seek to explain or accurately reflect the relationship between data and effective decision making. In the example of the retail trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. Why Use Analytics?Predictive models of analytics involve the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Furthermore, analytics may also be structured with a descriptive model. In this sense, readers attempt to draw a correlation and better understanding as to how and why traders react to a particular set of variables. Retail forex traders sometimes implement technical indicators such as moving averages, Bollinger Bands, and breakpoints which are built upon historical data and are used to predict future price movements. Analytics are also associated with back-testing strategies. Back-testing is used by traders to test the consistency and effectiveness of trading strategies and software-based trading solutions against historical price data. Analytics are also relied upon in the concept of algorithmic trading where software is programmed to autonomously signal and/or execute buy and sell orders based upon a series of predetermined factors. In the institutional space, algo-trading has become vastly competitive over the years as trading institutions seek to outperform competitors through automated systems and the virtual application of trading strategies.The digestion and computation of analytics are also seen in the emerging field of high-frequency trading, where supercomputers are used to analyze multiple markets simultaneously to make near-instantaneous automated trading decisions.
Read this Term", "Profile", "Finance", "MetaTrader", and "Affiliate" sections.
To conduct trading operations, the "Trade" tab is used. All assets are subdivided into groups: currency pairs, oil, precious metals, etc.
Here, the trader can add trading indicators or view important news in an economic calendar. The chart also shows trades closed by other traders: they are marked as yellow dots.
The latest information is published in the "Analytics" tab, so LiteFinance's clients do not have to search for and examine forecasts on numerous resources. The Twitter Watcher service can be activated in this tab, too. This option delivers trading recommendations for cryptocurrencies based on messages on Twitter.
The LiteFinance online platform also provides various training materials: articles, webinars, reviews, etc. They help figure out the basics of trading in the financial markets.
In the MetaTrader tab, one can open new trading accounts (CLASSIC, ECN, and DEMO), switch between accounts, and transfer money. This tab also allows downloading MT4 and MT5 platforms and changing account passwords.
Besides trading, LiteFinance's clients can earn money from copying other traders' positions via a copy trading service.
Copy trading system
A handy ranking system allows users to choose a trader and start copying their trades. Traders can be filtered by risk and profitability. The trader's window will show commissions, the volume of funds managed, and the number of copy traders. The trading history is displayed, too, so investors can estimate trading efficiency and check out the trader's most used assets, types and volume of trades, and profit/loss ratios.
Various copy parameters can be set in the system: volumes (1 to 1 or a % of each trade's volume), the maximum loss and profit, and amounts to copy.
Users can get in touch with a trader directly via an online chat to discuss trading strategies.
Built-in traders' chats and channels
Traders' chats and channels can be found in the client's area on LiteFinance's online platform. Specific chats and channels can be searched using the search bar. All the interface elements can be found in the upper right corner of the online platform.
One can chat about trading ideas, technical indicators, important financial news, and the like, or send private messages.
Channels provide lots of useful information, such as expert analyses and training materials, and publish LiteFinance's latest news: trading holidays, bonuses, and promotions. The platform's notifications are displayed here, too. That's convenient when one works with numerous trading instruments simultaneously.
Users can also contact the support team: the chat is available 24 hours a day, five days a week.
LiteFinance mobile apps
LiteFinance provides several apps to trade online using an iOS or Android mobile device.
LiteFinance investments
This app combines a personal client area with a trading platform — all one needs to do mobile trading online. Unlike a mobile MetaTrader version, the LiteFinance platform has been designed to provide the set of functions available on a desktop version: over 150 trading assets (including currency pairs, CFDs on shares, and stock indexes), 75 built-in indicators, four types of orders, and a copy trading system.
Deposits are made instantly, and one client profile can automatically withdraw up to $5,000 a day. Traders' chats and channels are still available in this app, so LiteFinance's clients can keep in touch with pro traders and the support team.
The app is regularly updated in terms of productivity and new technical and graphic analysis tools.
Trading signals
This app delivers free trading signals from financial experts. More than 22 trading instruments are analyzed: currency pairs, DOW and NIKKEI indexes, and oil.
LiteFinance's analytics
LiteFinance Analytics notifies users of significant financial developments, displays real trading signals and recommendations, does technical and fundamental analysis online, broadcasts financial experts' video reviews, etc. With this app, you can keep current on the latest events and macroeconomic news. At the same time, the app's interface is intuitive and easy to use.
LiteFinance's trading strategies
This app will help you master trading strategies fast and learn to apply them when trading in the financial markets. The application provides more than 100 strategies, and the list is regularly expanded. Only reliable strategies tested by pro traders in real accounts are included here. There's also a handy glossary of indicators and charts.
Economic calendar for Forex
Any trader needs this app as it helps them keep track of the most important economic events that affect exchange rates. The economic calendar is easy to use: the user only needs to parameter notifications and filter news. The app will then send push notifications in real time.
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