For most retail investors, trading has traditionally been a solitary exercise, making the barrier to entry relatively high. Information regarding trading instruments and market conditions can often be difficult to come by or, at other times, too complex for beginners to grasp. At Bitget, the organization is determined to remove this barrier by turning trading into a social and collaborative activity that investors can engage in together.
To further enhance the social trading experience, the Bitget team recently launched two new services: Bitget Insights and Bitget Strategy Plaza. Both of these platforms make it easier for traders to share their knowledge and opinions on market conditions and trends, providing users with the space and opportunity to engage in meaningful collaboration. Along with other social trading products such as One-Click Copy trading, Bitget gives investors an edge with a suite of crypto social trading features.
What is Social Trading?
Social trading emphasizes bringing investors and traders together by combining the interconnectedness of social media platforms with the world of finance and trading. Through platforms designed specifically for the industry, users can share their ideas and strategies with each other, so newbies can better understand what the experts are doing, and seasoned pros can garner a healthy following. which on Bitget can become an alternative source of income.
The system allows collaborative efforts to thrive and effectively lowers the barrier to entry into the world of cryptocurrencies while building user confidence when making more informed financial decisions. According to market forecasts from The Insight Partners, the global social trading market is now worth US$2.23 billion and is expected to reach US$3.77 billion by 2028. With a forecast CAGR of 7.8%, social trading is quickly becoming the new face of finance, and there’s no better time to jump on the trend than now.
Understand how professionals trade with Bitget Insights
While our One-Click Copy Trade service makes life as convenient as possible for users to enjoy the success of more experienced professionals, the system doesn’t exactly manage to promote deeper communication than most social media platforms. This is where Bitget Insights comes in. Essentially, the latest creation is a news feed where expert traders can share their views and opinions on market conditions and trends, explaining more to their followers, not just the positions they are about to open. or close. , but also the reasoning behind their decisions. Registered accounts can post analysis along with charts and images to explain various cryptocurrency movements and any predictions they may have for the future. Through this community, beginners and hobby traders can learn more about cryptocurrency trading, while professionals can build a following which can then result in more copiers or subscribers to their strategies, strengthening their alternative source of income. And now that the strategies have been mentioned, let’s move on to the other new version of Bitget: Strategy Plaza.
Benefit from professional expertise with Bitget Strategy Plaza
Bitget Strategy Plaza builds on the success of One-Click Copy Trading and offers greater trading flexibility with expert guidance. While the latter option allows users to discover professional traders and directly copy their positions (albeit with their own risk settings), Strategy Plaza instead allows retail investors to copy any strategies created by experts. These strategies will take the form of stand-alone algorithms with set parameters that will execute trades on your behalf, given the right market conditions.
The advantage of this system is that because everything acts on its own, your portfolio will be in the best position to react to rapid changes in the market dictated by volatile conditions. It also takes the emotional side out of your decision-making process, which means you can rely on the objectivity of the algorithms to avoid staying too long or closing too soon. As with copy trading, there are also benefits for strategists who publish their strategies. Each strategy you create can be sold for a price, and those who publish many can also set subscription fees so that subscribers can access all of your strategies under one lump sum payment. With One-Click Copy Trading and Insights, Strategy Plaza offers more options and flexibility for novice investors and expert traders.
Why choose Bitget?
As one of the leading cryptocurrency exchanges in the derivatives space, Bitget currently serves over eight million users in over 100 countries around the world. The trust and confidence placed in Bitget by users has resulted in over 55,000 expert traders providing advice to over 1.1 million copy investors in our Copy Trading service alone. Global trading volume has now exceeded $64 billion, with $300 million in total revenue for merchants and $350 million for copiers. With the launch of Bitget Insights and Bitget Strategy Plaza, these numbers should continue to rise.
Of course, profit aside, Bitget also emphasizes protecting user security and privacy, and recently increased the user protection and insurance fund from $200 million to $300 million. dollars, consisting of 200 million USDT and 6500 BTC. Bitget has obtained operating licenses in many trusted jurisdictions, including the United States, Canada, and Australia. Our cybersecurity team also placed Bitget in the Crypto Exchange Ranks Top 10 Cybersecurity Exchanges, earning us 12 A+ ratings from SSL Labs.
To start your social trading journey today, head over to Bitget’s copy trade Where Strategy Square pages. Find tutorials on how to navigate both Bit Information and Bitget Strategy Square on the website.
This is a sponsored post. Learn how to reach our audience here. Read the disclaimer below.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.