Social Trading Bot Software Review
OFFICIAL SITE: socialtradingbot.com
Yes, it is finally here, the much anticipated Social Trading Bot, a brand new piece of day trading software. We have been waiting for quite some time for a reliable day trading app to be released. The Social Trading Bot system is finally here, and we do have to say that we are quite impressed with the look of it.
This particular app for day traders is said to be one of the most user friendly, feature rich, and profitable systems around. Although we do have to take a closer look at it, based on everything we have seen and heard, we are inclined to agree. This is our first Social Trading Bot review, and we are here to tell you what this awesome new FX/CFD trading app is all about.
What is the Social Trading Bot App?
The Social Trading Bot system is a piece of day trading software. This particular application is designed to trade exclusively in the Forex and CFD markets. The fact that this software has the ability to provide both Forex and CFD trading is quite impressive already. Many apps will focus on one type of trading or another, so the fact that both types are available here is quite nice.
You might also be wondering if this new day trading software is fully automated. Well, it is semi-automated. It is automated in the sense that it generates reliable Forex and CFD trading signals for you. It uses a special kind of analysis method to generate the most reliable and profitable signals for you.
However, on the other hand, it is only semi-automated, because it does not actually execute the trades on your behalf. You do have to select individual signals on your own and then manually execute trades upon them. Personally, we do actually like this, because being able to pick and choose which signals to execute trades on and which ones to ignore allows for a great deal of control over trading.
The really cool part of this Social Trading Bot application is that it does all of the work for you. You literally don’t have to do any of the lifting here. The specialized algorithm which is incorporated here uses a variety of analysis techniques to generate the best Forex and CFD signals for you, all without you having to do any of the lifting. In the section below, we will be discussing exactly how this software functions to generate reliable signals for you.
How Does the Social Trading Bot System Work?
Alright, so now you know exactly what the Social Trading Bot platform is. That said, how does it actually generate signals? What’s the process here? Well, this is actually a very revolutionary piece of day trading tech. It works in a way that has never been seen before up until now.
What’s important to note here is that other applications of this kind often generate signals using a myriad of technical analysis and fundamental analysis techniques. Yes, this works fine when the market is stable and not overly volatile. If the market conditions are good, then this kind of fundamental and technical analysis driven signals generation is just fine. However, when it comes to economic crashes and severely volatile market conditions, this kind of signal generation method does not stack up so well.
This is where the Social Trading Bot system comes into play, because it uses a revolutionary new way of analyzing the market to produce high quality Forex and CFD trading signals. This application uses a high quality news and market analysis algorithm to generate profitable signals on your behalf.
The main source of analysis here are news developments. This software keeps a very close eye on news developments from around the world to generate the best, most reliable and accurate, and the most profitable signals possible. This app is rather perfect for a time like right now.
This system is designed specifically for use during times of economic hardships and economic crashes, times that feature a high level of uncertainty and volatility. Of course, right now, as we speak, the coronavirus pandemic has caused this exact situation, a huge market downturn coupled with a fairly severe economic crash. The Social Trading Bot is designed to trade in these specific conditions, and it really does excel at doing so.
Who is the Social Trading Bot Software Made For?
One thing which is seemingly awesome about this Social Trading Bot app is the fact that it’s one of the simplest, most straightforward, and most user friendly pieces of day trading software around. Yes, you guessed right, this system is designed for people who really don’t know much about day trading and for people who just don’t have the time to do all of that pesky research.
Seeing as this application really does all of the hard work and heavy lifting for you, it’s fair to say that it is specifically designed for newbies and novices. It comes loaded with a plethora of easy to use features that make trading Forex and CFDs even easier than ever before.
The one click trading feature which is included here allows newbies to place highly profitable trades with a single click of the mouse. All of the research and analysis is already done, signals come complete with all necessary info and all parameters set, and all you have to do is to execute the trades on individual signals.
Now, although this program is designed for newbies, there is also no reason why a seasoned trading professional or a long time veteran could not use it. It’s easy for everybody to use, and no matter who you are, this Social Trading Bot software has some very real money making potential.
When Should You Use the Social Trading Bot Program?
A lot of people seem to be wondering when the best time to use the Social Trading Bot app is. Well, right now is the best time to use it. As we have mentioned above, this software is designed to work best in times of market crashes and economic hardships.
It’s made to be used at times where there is a lot of uncertainty and market volatility. When there are huge news developments, economic swings, and big fluctuations, this is when the Social Trading Bot application really shines.
Therefore, seeing as we are seeing a huge economic crash and massive market fluctuations right now, all due to the CO-VID 19 pandemic, it’s the perfect time to use this software. This exact market condition, this is where the Social Trading Bot application really shines.
Social Trading Bot Platform Features
Alright, now we have covered exactly what the Social Trading Bot system is, what it does, how it works, and who should be using it. This is all fine, but what about the platform? The platform itself comes loaded to the brim with super useful features that are definitely worth talking about. Right now, we want to take a closer look at the main features which Social Trading Bot Software comes with. There are lots of them, and each is useful in its own way. Let’s take a closer look!
The Economic Calendar
One really useful feature which this Social Trading Bot comes with is the economic calendar. Yes, economic calendars are always super useful when it comes to CFD and Forex trading. These calendars provide you with a myriad of information in regards to specific currencies and currency pairs.
Economic calendars help to inform you of various specific news developments, that there are news developments on the horizon, and how they will affect currency prices. As an example, this economic calendar may inform you that there is a news release on the way, one which will affect a currency in a certain way.
Let’s say that there is a news release in the works for the USA, one which will negatively impact the USD, causing it to lose strength in comparison to other national fiat currencies. This will therefore help provide you with a more informed picture, one which you can then use to place accurate trades with.
What is also pretty cool is that this economic calendar is divided up into various sections. You can look at upcoming news developments by continent, by country, or you can look at the G20 countries specifically. It’s definitely a great feature, one that every and any trader should put to use.
The Dynamic Economic Calendar
The Social Trading Bot system also comes with what is known as a dynamic economic calendar. This is related to the normal economic calendar discussed above, but it’s a little more advanced and informative in terms of specific information.
It’s something that is going to help provide you with a plethora of information and facts so you can make highly informed trading decisions. For instance, as you can see in the example, this dynamic economic calendar might tell you that “USA GDP Advance -4%”.
You can then use this specific economic information to execute trades upon the best Forex and CFD signals given the circumstances. If you plan on being successful in Forex and CFD trading when using the Social Trading Bot, you definitely want to put this dynamic economic calendar to use.
The Fundamental News Table
Yet another Social Trading Bot platform feature that you will have access to is the fundamental news table. This is so you can perform a bit of your own fundamental analysis, if you choose to do so. This feature provides you with basic information about specific economic and political news developments from around the world.
Here you get the facts about any sort of news development which may affect currency prices. As you can see in our included image, a piece of information you may get here could be something like “no intention to delay end of BREXIT transition period”. Simply put, the fundamental news table provides you with valuable insights into the current market situation. This then helps you execute the most profitable trades possible.
The definition of cross rates is 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. The Social Trading Bot app comes with one of the cross rates sections built into it.
No, it’s not the number one most useful platform feature around, but it can indeed be quite helpful. If you are trading in such currencies, you definitely want to pay close attention to this cross rates section and the information which it provides you with.
The Forex Heat Map
What is one of the coolest and most beneficial features included with the Social Trading Bot platform is the Forex Heat Map, otherwise known as the Forex Heatwave screener. Now, this is not exactly a new thing, as heat maps are quite popular.
However, what can be said is that this app is the first of its kind. No other piece of semi-automated day trading software has ever come with such a Forex Heat Map built into it. To explain, this is more or less an indicator, one which tells you what the relative strength of one currency is compared to another.
When it comes to Forex and CFD trading, heat maps which display relative strengths of currencies are very useful. This can go a long way in helping you decide what the most profitable signals and trades are. This is a perfect feature for newbies to take advantage of, one that can make trades much more reliable, accurate, and profitable.
Social Trading Bot Review – The Verdict
The bottom line is that we do think that this Social Trading Bot software is the real deal. It looks to be totally legitimate and we would definitely recommend giving it a try. It truly is a one of a kind day trading platform for Forex and CFDs. It comes loaded to the brim with user friendly features which makes it easy to make profits.