Investing in financial markets like stocks, Forex and cryptocurrencies demands extensive knowledge and expertise. You must be updated with daily news influencing the business world and also have the capacity to interpret chats, analytics reports, and understand trends.
If you lack these skills, the probability of making huge losses is high. Unfortunately, many investors continue to lose their hard-earned cash in the financial markets just because of a lack of/little knowledge of how to trade and when to invest. This is the reason why the xCrypt ecosystem came up with the Social Analytical Funding System (SAF) to help investors make informed decisions.
Before we discuss the xCrypt SAF, let us define what social media trading is.
Definition of Social Media Trading
Social trading works more or less like a social network. The major difference is that instead of sharing selfies or lunch photos, on a trading network, people share trading concepts. Here traders interact, watch trading results of other professionals and brainstorm on market situations in real-time.
As an investor or less experienced trader, in social trading, your financial trading decisions are based on other skilled investors’ created financial advice gathered from different reliable sources. In other words, once you spot a successful trader and you like their trading strategy, you can start following them and emulate their trades.
The xCrypt SAF
xCrypt SAF (Social Analytical Funding System) system by xCrypt ecosystem is an advanced investment solution, which empowers traders on one account managed by a skillful and experienced trader using his funds and joint-funds invested by other traders in his SAF account.
Our social media trading works as follows: a manager creates an account, selects trading conditions, makes an offer to investors (indicates minimum deposit amount, amount to be compensated, rollover period, etc.), and deposits it.
Investors evaluate the ratings of the traders and select their favourite accounts to invest their funds in. Then, as a result of trading operations by a manager, profits and losses are distributed among the account manager and investors according to the stipulated ratio based on their shares in that particular account.
The Benefits of SAF
Well, some of the benefits that xCrypt users can gain from SAF include:
- Easy Access to Reliable Trading Information
SAF will cut down on the process of searching for reliable trading information by offering extensive information from experienced traders globally. Investors will also have the opportunity to interact with professional traders like one-on-one Tutorage.
- Quick Understanding of the Trading Market
SAF will minimize the duration and cost of becoming an experienced trader by allowing users to learn from seasoned investors, quickly, and efficiently.
- Earning while still learning
SAF will allow users to learn from professional investors, where they get to understand how to navigate the crypto market and even make profits by imitating their account managers. Therefore, you don’t have to wait until you become a professional for you to start earning.
- Build a Community of Investors
SAF will create a community of investors, where users will have the opportunity to interact with other investors and share trading information, while also collaborating in various businesses. Being an online platform, users can access trading information from any part of the globe quickly and efficiently as along they have an internet connection.
To Wrap Up
We have learned that social trading facilitates free flow and access to information to help investors make informed investment decisions via leveraging on the power of the community.
SAF will provide beginners avenues where they can quickly and effectively trade in the crypto market without the fear of beginners’ failures. Of course, the platform will not wholly eliminate failure, but it will significantly minimize the probability of failure.
Since SAF is designed to cater for both beginners and seasoned traders, it will create a reliable trading, which will enable people to make profits as they learn. Try our social media trading once the final version of our exchange launches, and remember to share with us your experience in the comment section below.