Expert Option copy trading feature is not available on the platform; the broker provides tools like the Social and Trend sections to guide users in decision-making.
The social sections offer insights into trading activity, sentiment analysis, and the number of traders that are trading a specific asset.
In the Trend section, you get a sense of the probable Up and Down direction of a particular asset.
What does ExpertOption’s Social section indicate?
Social section in Expert Option, has different indicator items; Expert Option Social Section:
- Online Users: The number of active traders on the platform;
- Total Opened Volume: The total monetary volume of all open trades;
- Total Opened Deals: The total number of ongoing trades across all pairs.
When you select a pair, you can also see some specific information about it:
- Opened deal: The total number of deals made for the asset;
- Total traders: The number of traders that joint trading the assets;
- Volume: The monetary amount of the total trades;
- Sentiment: These charts reveal whether traders believe an asset’s price will rise or fall;
- Top Traders and their Profits;
- Total volume and total deals in the Time Displayed (generally for every 1 minute).
Trend Section and Timeframes
The Trend section offers a deeper look into market activity over various timeframes; Expert Option’ Trends section time frames:
- 1 minute;
- 2 minutes;
- 5 minutes.
It provides insights into popular trading pairs and symbols, such as EUR/USD.
For example, in a 5-minute timeframe, many traders may predict a price drop, which can guide decisions for short-term trades.
Conclusion and Final Words
Instead of Expert Option Copy Trade, with the Social Trading feature, you have access to the number of Opened deals, volume, and the Profit that traders made of a specific pair.
With the Trend Section, see the predictable direction of a trading pair in 1, 2, and 5-minute time frames.
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