The 2024 Wiki Finance Expo wrapped up on November 27 at the Millennium Plaza Downtown Hotel in Dubai, marking yet another milestone in the evolution of the financial technology sector. As one of the world’s most influential financial events, the expo gathered top-tier companies, industry thought leaders, and institutions from across the globe to explore the future of trading and financial innovation.

At the heart of this prestigious event, FinPros proudly received the “Best Fintech Broker” award, cementing its reputation as a leader in the financial industry and a trusted partner for global traders.

Celebrating Excellence at the Wiki Finance Expo

Unlocking the Power of Trading with FinPros: A Trader’s Perspective on Raw and Copy Trading Accounts

As an active trader, I’ve spent years refining my strategies, learning the markets, and optimizing my performance. Over time, I’ve learned that selecting the right trading platform is as important as the trades themselves. In my search for an efficient, cost-effective broker, I came across FinPros, and I was particularly impressed by two offerings: the Raw Account and their Copy Trading (Social Trading) feature. Here’s why these features have become essential parts of my trading toolkit.

The Benefits of Trading with a Raw Account

I’ve tried several brokers, but I can confidently say that FinPros offers one of the most cost-effective and competitive Raw Accounts out there. If you’re an active trader like me, where every pip matters, then you understand the importance of tight spreads and low commissions. This is exactly where FinPros excels.

Tight Spreads and Low Commissions

With the FinPros Raw Account, spreads start from 0.0 pips. For someone who trades with high volume and relies on precise market entries, this is a game-changer. Tight spreads allow me to execute trades exactly where I want to, without having to factor in large spreads that could throw off my risk-to-reward ratio. Additionally, the low commission of $2.50 per lot per side means that my overall trading costs are minimized, allowing me to keep more of my profits.

Perfect for High-Risk Traders

As someone who often trades high-risk strategies, where even a few pips can make or break a trade, the Raw Account is ideal. I rely heavily on tight stop-losses to manage risk effectively, and thanks to the tight spreads offered by FinPros, I don’t have to worry about any potential  unnecessary stop-loss triggers caused by spread widening. This means fewer false stop-outs, giving my trades room to perform as I’ve planned. The No Dealing Desk (NDD) Execution also ensures that my trades are filled without human intervention and potentially no slippage, so I’m confident that the pricing I see is the pricing I get.

High Volume Trades with Greater Control

Another key benefit I’ve noticed with the Raw Account is that I can confidently place high volume trades without the fear of slippage or large spreads throwing off my strategy. The 1:500 leverage is an added bonus for traders who want increased buying power while keeping tight control over their trades. The platform’s reliability and transparency make it possible for me to execute my strategies without constantly worrying about unexpected slippage or order delays.

Leverage Your Success with Copy Trading

In addition to the Raw Account, I’ve recently started taking advantage of FinPros’ Copy Trading feature. As a trader with a proven track record, I often get requests from friends and acquaintances asking me to teach them how to trade or to manage their accounts. While I would love to help them, the reality is that I simply don’t have the time to trade for others while handling my own trades and daily responsibilities. That’s where copy trading comes in.

Automate Your Expertise

With the FinPros Social Trading App, I don’t have to teach others how to trade or manage their accounts directly. Instead, they can simply connect to my account, and whenever I make a trade, it’s automatically copied to their accounts in real-time. It’s a win-win. They benefit from my market experience, and I don’t have to spend hours explaining my strategies or managing their trades manually.

Get Paid for Your Success

One of the biggest advantages of FinPros’ Copy Trading feature is that it allows me to monetize my trading expertise. Every time someone copies my trades, I earn a commission on the profits I generate for them. This means that I’m not only making money from my own trades, but I’m also earning an additional income stream from others who benefit from my strategies. It’s essentially doubling my earnings—profits from my trades and commissions from those who copy me. The more people that follow my account, the more I stand to earn, creating a passive income stream while I focus on trading for myself.

Maximizing Time and Profits

For a busy trader like myself, copy trading has been an absolute game-changer. I can continue to focus on my own trades and day-to-day responsibilities while knowing that others are benefiting from my strategies—and I’m earning extra income in the process. It’s the perfect solution for traders who have developed successful strategies but don’t have the time to mentor or trade on behalf of others.

Why FinPros Stands Out

What makes FinPros truly exceptional is its combination of affordability, transparency, and advanced features. Whether you’re using the Raw Account for its competitive spreads and low commissions or leveraging the Copy Trading platform to maximize your earnings, FinPros delivers the tools you need to succeed. The No Dealing Desk (NDD) Execution ensures fast and fair order execution, while the ability to automate your trading strategies and charge commissions through copy trading opens up new opportunities for passive income.

For any trader, beginner or expert, FinPros offers a robust and flexible platform that caters to your individual trading needs while giving you the chance to grow your profits in multiple ways.

Final Thoughts

As a trader, it’s essential to choose a broker that aligns with your trading style and goals. For me, FinPros has become my go-to platform due to its cost-effective Raw Account and the extra earning potential provided by its Copy Trading feature. Whether you’re an advanced trader looking to scale your strategies or a beginner seeking to follow the pros, FinPros offers the tools you need to succeed. I can focus on my own trades, maximize my entries and exits, and still earn commissions from others following my lead—making it the perfect blend of personal trading success and community-driven growth.

Security Defense: FinPros’ Strict Protection Protocols

In today’s rapidly advancing age of information technology, digitalization has brought us convenience but also a surge of telecom fraud. Have you ever hesitated when opening an email, unsure of its authenticity? Or felt a sense of caution when receiving a call from an unknown number? These are common tactics used in telecom scams, and any of us could become a target.

The Hidden Dangers of Telecom Fraud

Telecom fraud takes many forms, with scammers constantly devising new ways to deceive unsuspecting victims. Phishing is one of the most common methods, where scammers send legitimate-looking emails or messages, tricking recipients into clicking malicious links or divulging personal information. Fake websites mimic genuine ones, luring users into entering sensitive login details, while malware and viruses may also infiltrate your devices, quietly stealing your data.

These fraudulent schemes are not only technically sophisticated, but also exploit human trust and negligence. As we advance into the information age, the tactics employed by scammers continue to evolve, making prevention increasingly challenging.

Falling into the trap of telecom fraud can have devastating consequences, including personal information and financial loss. Scammers, once in possession of your personal data, can carry out illegal activities such as stealing bank account or credit card details, or even using the victim’s identity to commit crimes. This can lead to substantial financial losses, legal disputes, and reputation damage, impacting the victim’s life on the long term.

FinPros: Strong Defense System Through Advanced Security Measures

At FinPros, we understand the importance of customer information security. In response to the ever-evolving threat of telecom fraud, we have implemented a range of cutting-edge security measures to safeguard your privacy.

Top-tier encryption technologies are used by FinPros to protect all type of communication, whether through our website or app. Every interaction takes place in a highly secure environment, ensuring that customer transactions remain protected from theft or manipulation. For additional security, FinPros has implemented 1. a two-factor authentication process and 2. identity verification request process, prior to any personal data updates, effectively preventing unauthorized changes.

My Journey to Success with Social Trading

Hey everyone, Lewis Peters here. I want to share my story about how I found success with social trading. If you’re like I was a few years ago, trying to navigate the complex world of trading on your own, then this might just be the inspiration you need to explore a new path.

The Struggle of Going Solo

When I first started trading, I was filled with excitement and anticipation. I spent countless hours poring over market analysis, studying charts, and trying to predict market movements. But, despite all my efforts, my results were inconsistent at best. Some days I’d make a small profit, but most days were a struggle to break even.
The stress of making the right calls and the constant fear of losing money started to weigh heavily on me. I felt like I was swimming against the tide, alone and without direction. That’s when I began to question whether there was a more efficient way to trade.

Discovering Social Trading

One evening, as I was browsing through trading forums, I stumbled upon the concept of social trading. The idea of being able to follow and replicate the trades of experienced traders intrigued me. It sounded almost too good to be true – could this be the solution to my trading woes?
I decided to dive in and signed up for a popular social trading platform. Initially, I spent a lot of time observing. I watched how top traders operated, analyzed their strategies, and learned from both their successes and their mistakes. This learning phase was crucial, as it helped me understand the nuances of social trading.

Taking the Plunge with Copy Trading

After a few months of observation, I felt ready to start copy trading. This feature allows you to automatically replicate the trades of seasoned traders in real-time. I carefully selected a handful of traders who had consistent performance records and diversified strategies. My goal was to spread my risk while maximizing my chances of success.
The results were almost immediate. By mirroring the trades of these experienced traders, I began to see steady gains. My portfolio, which had been stagnant for so long, started to grow. The best part was the confidence I gained – knowing that I was following the footsteps of proven experts.

Consistent Growth and Community Support

Over the past year, my trading results have been nothing short of remarkable. My portfolio has seen consistent growth, and I attribute a significant part of this success to the collaborative nature of social trading. It’s like having a team of mentors guiding you along the way.
The community aspect of social trading is another huge benefit. Being able to discuss strategies, share insights, and learn from each other creates a supportive environment. It’s no longer just me against the market; it’s a collective effort.

Reflecting on the Journey

Looking back, I can’t believe how far I’ve come. Social trading has not only transformed my trading results but also my outlook on trading as a whole. The journey from a solo trader, overwhelmed and stressed, to a confident and successful social trader has been incredible.
If you’re struggling with trading on your own, I highly recommend exploring social trading. It might just be the key to unlocking your potential and achieving the success you’ve been striving for.

Thanks for reading, and happy trading!

Lewis Peters

My Journey to Master Trading: A Personal Reflection

Hello everyone, I’m Henry Glanford, and I’m excited to share a bit of my journey as a master trader with you. Trading has been a significant part of my life for many years, and the experiences I’ve had along the way have shaped me into the trader I am today.

Humble Beginnings

Like many of you, I started my trading journey with a lot of enthusiasm and very little knowledge. I remember the early days vividly – staying up late studying charts, devouring trading books, and often feeling overwhelmed by the sheer amount of information. Those first few years were tough. I faced numerous setbacks, but each loss taught me something valuable.

Finding My Strategy

The turning point in my career came when I stopped trying to follow every hot tip and instead focused on developing my own strategy. Through trial and error, I found my niche in swing trading. This approach suited my analytical style and allowed me to make informed decisions without the pressure of day trading.

Embracing Technology

As technology advanced, so did my trading methods. I embraced algorithmic trading, which allowed me to analyze large volumes of data and execute trades with precision. This technological edge, combined with my disciplined approach, significantly boosted my performance.

Becoming a Mentor

One of the most rewarding aspects of my career has been mentoring new traders. I vividly remember my early struggles, and I’m passionate about helping others navigate their own trading journeys. Through workshops, webinars, and one-on-one coaching, I’ve had the privilege of seeing many traders transform their approach and achieve success.

Continuous Learning

Even as a master trader, I believe in the importance of continuous learning. The markets are always evolving, and staying ahead requires constant adaptation. I regularly attend trading conferences, read the latest research, and engage with the trading community to stay sharp.

Looking Ahead

As I reflect on my journey, I’m grateful for the lessons learned and the success achieved. Trading has given me financial independence and a fulfilling career. My advice to aspiring traders is to stay disciplined, keep learning, and never be afraid to adapt. The road to mastery is challenging, but with persistence and the right mindset, it’s absolutely achievable.

Thank you for reading, and here’s to your trading success!

Henry Glanford

Simply put, Foreign Exchange (forex or FX) is when someone trades one currency for another. A simple example can be is when a person swaps the US Dollar for the Euro. I know it sounds boring, but here’s the interesting part, if you forecast that one currency will be stronger versus another, and your prediction ends up on point, then you can make a profit and you buy yourself a nice fancy dinner.

Each and every country in the world has its own economy and therefore its own currency of exchange. People who live in the European Union use the Euros as their exchange currency. People who live in the United States use the US Dollar as their form of exchange. The Japanese use the Yen, the Chinese use the Yuan… I think you got the point!

Now let’s say you want to exchange two currencies from two different countries. First, you have to check what is the relative price of the two currencies, which is called the exchange rate. For example, if you want to exchange €100 to US Dollars at today’s exchange rate, a quick Google search will show you how much your €100 is equivalent in US Dollars. So, in this case, you will get $113.65 for your €100. That means, today the Euro is more valuable than the USD. Tomorrow, the exchange rate can change and the value of the Euro against the US dollars can either increase or decrease.

The way to make money with forex is by taking advantage of these market fluctuations. But in order to do that, you need first to understand what, why, how and who moves this market?
The next step will be for you to develop the necessary forecasting and trading skills before capitalizing on the limitless opportunities.

But don’t worry! We will cover everything you need to know about Forex and trading in this LOOOONG but easy-to-follow guide.

So, let’s start from the beginning…

What are CFDs in Forex Trading

Before you begin with your CFD trading journey, first you need to understand what CFDs (Contract for Difference) are. To save you some time and energy, FinPros has produced this CFD Guide for Beginners. Here we’ll explain everything you need to know before you start trading CFDs.

What is a CFD?

Contracts for difference (CFDs) are financial instruments that belong to the derivatives class.  CFDs allow traders to speculate on the price fluctuations of the underlying assets. This means, by buying (or selling) a CFD you don’t actually gain (or transfer) ownership of the underlying asset. The main purpose of CFDs is to speculate on the rising or falling prices of a variety of different assets. CFDs are available on various asset classes, like:

• Forex
• Stocks
• Indices
• Commodities
• Cryptocurrencies

Where to Find CFDs?

You can find many online forex brokers, such as FinPros, that provide access to CFDs. Unfortunately, most brokers don’t have our passion for top service and full transparency. Finpros is one of the lowest-spread CFD brokers in the industry with the fastest trade execution and a top-notch customer service team. To find out more about the different CFD asset classes that we provide, you can visit FinPros detailed trading instruments page

How do CFDs Work?

CFDs are traded on electronic trading platforms like the Metatrader 5, MT5 for short. On such platforms, you can open and close position (open and close contracts) at the click of your mouse. When you buy/sell a CFD asset, you engage in a contract between yourself and your broker. This contract is an agreement to settle the price difference of a particular asset, between the time you open and close a position. When you close the position, you automatically receive or pay the difference between the closing price and the opening price of the CFD. That means if the trade was profitable, the broker will pay the price difference in the trader’s account. On the other hand, if the trade was unprofitable, the broker will deduct the price difference from the trader’s account. It’s important to note that you can speculate on price movements in either direction. You can speculate that prices will rise or fall. In CFD trading terms, you can open a

• “Long” Position (Buy a CFD asset)
• “Short” Position (Sell a CFD asset)

The choice you make here depends on your view of the direction in which you anticipate the price of an asset will move.

Crypto Traders Rejoice! If you are looking for a platform to automate your crypto trading strategies, then look no further. The MetaTrader 5 platform is considered one of the best automated crypto trading platforms in the financial industry. It provides the most sophisticated automated trading capabilities for everyday trading on a variety of financial markets. MT5 trading robots can analyze prices to buy and sell cryptocurrencies without any human intervention, while performing numerous calculations objectively and continuously. But the best part is, it is completely for FREE! To become a consistently profitable crypto trader, it requires you to leave your emotions at the door. However, if you feel that your emotional impulses are hijacking your trading performance no matter how hard you try to stop them, then maybe you should consider using a crypto trading bot.

Pros and Cons of Using Automated Crypto Trading Strategies

Here are the main PROS of using a crypto bot.

• Algorithmic Trading: A crypto trading bot eliminates emotional trading by offering you an automated investing and trading option. FOMO buying and selling, panic trades, lack of discipline and lack of patience will become things in the past. All of these psychological factors are the number one reasons why traders lose money in the market, and you will be able to avoid them by simply using a trading bot.
• Quick and Efficient Trading: A trading bot is an expert in multitasking since they can analyze and trade multiple currencies at the same time. And since they are not constrained by the same narrow focus as humans, they won’t miss on potential trading opportunities because they were focusing on another task.
• Computers are much faster than human beings: In a highly volatile environment, such as the crypto market, processing a lot of data and information to execute a trade can be overwhelming to us, humans. Whereas an AI can process vast amounts of data far faster than any human being. This means:
  • No more missing out on trades.
  • No more emotional trading.
  • No more second-guessing yourself.
  • And the list goes on and on…
• More free time for yourself:  After all, you’re just a human being, at some time, you have to go to bed. While you sleep, cryptocurrency trading bots work around the clock, seven days a week, making potentially profitable trades. They won’t ever miss a good trading opportunity!While trading bots have many major benefits, there are also a couple of CONS that you should be aware of.
• Monitoring is Necessary: Even if cryptocurrency trading bots can handle many automated tasks flawlessly, you must still check-in on them on a regular basis. Markets move in cycles, so your automated crypto trading strategy needs to be tweaked and maintained relative to the bullishness or the bearishness of the market. You can’t leave the bot alone for an indefinite period of time without monitoring it.
• Knowledge needed: To utilize a bot efficiently, you need a good understanding of the crypto space and a well-thought-out investing strategy. You still need to know how to use bots effectively, despite the fact that some of them come with predefined settings. In other words, you need to do your due diligence before jumping in with two feet.

Conclusion

Yes, it is very possible to automate crypto trading and also the PROS are much greater than the CONS, so the next question that you need to ask yourself is “why not give it a shot?”

The short answer is yes, automated forex trading systems do work and can generate profit.

Now for the long answer, which is not THAT long, we wrote this simple guide to answer all the questions that you might have regarding automated trading.

So, let’s begin.

What is an Automated Forex Trading?

Automated Forex Trading, also known as algorithmic trading, is a computer program that allows traders to turn entries, exits and other risk management rules into an automated system. Once the trading system is set, your automated trading forex program will execute these orders automatically and monitor them.

Why Do You Need an Automated Forex Trading Strategy?

First, to get rid of many sleepless nights in front of the screen.

Second, automated trading forex programs reduces the emotions in trading and works more efficiently than a human ever could.

What is the Best Automated Forex Software?

One of the most fascinating features of MetaTrader 5 is the algorithmic trading. Its user-friendly interface allows traders and programmers with any skill level to develop, debug, test and optimize automated trading systems.

How to Build an Automated Forex Trading System?

Before building one, we highly recommend you go through these 3 steps first:

1. Every person has to have a skin in the game before using or developing any automated trading forex program. By that, we mean you need to learn how to trade (if you’re new to trading), practice, win, lose, make mistakes, get better, repeat mistakes, get even better… Until you grasp the concept of trading and what is it all about.
2. Create a detailed trading plan by defining your entries, exits, stop-losses, your risk/reward ratio, the timeframe, and the strategy you’ll be using. After you put it to the test, give it some time and you will know if your trading plan is working or not.If not, go back, review, find the problem, tweak it and try once more.If it’s still not working, then the strategy simply doesn’t have an edge, just change it and look for a better one.
3. This step is the most important one, turn YOUR profitable trading system into a computer program. After your trading process shows consistency in generating profits, then it’s time to take it to the next level. This step can be intimidating if you don’t know how to code. For that reason, we recommend hiring a developer which will give you minimum headache, with minimum issues in a minimum amount of time.

Automated trading systems work exceptionally well for traders who have no time to trade but still want to take advantage of the price movements to make some money.

However, most traders will look for the “easy way” to make money with trading robots by randomly buying or borrowing a ready-made system, but unfortunately that path is a sure way to lose money.
You have to learn trading as a craft. Markets cycle are always changing, so strategies don’t last forever, they always need to be tweaked according to market conditions. So, if you’re not a REAL trader that understands how markets work, how are you supposed to adapt to different market environments?

Consistency is the name of the game, and the way to consistency is through a disciplined mind and a well-crafted trading process.

The reason behind most market participants fail to become consistent and profitable traders, is simply because most people aren’t willing to put the effort and do the necessary work to develop their Trading Psychology mindset.

What is a Trading Psychology Mindset?

By nature, human beings are first and foremost emotional creatures. We are motivated and activated by emotions, therefore it is only natural for our emotions, such as fear and greed, to be triggered from the uncertainty of the markets. However, successful traders understood this so well, that is why their approach to the market is completely different from the average trader.

We asked our trading experts to share their wisdom from their years of market experience, on how can someone achieve the Forex Psychology mindset?

Here are their top 6 virtues:

1. Self-knowledgeAs Socrates once famously said: “Know Thyself”.Self-knowledge is the first journey that every aspiring profitable trader should take. Each person has unique personality and psyche, what works for one trader might not for another. Each one of us has his own weaknesses and strengths, therefore taking this journey to self-discovery is fundamentally important if you want to achieve your full trading potential. Find your strengths and leverage them. Do more of what works and less of what doesn’t.
2. A Probabilistic Mindset: A probabilistic mindset is a key element to properly manage risk. Your mind should always be looking for an edge in the market, and acting solely on low risk and high reward setups, no matter what strategy you use.Probabilistic decision-making will naturally lower your expectations and produces far superior results in the long run.Just remember, Risk to Return Ratio should be the foundation of every trade. It takes manytrades to build a consistently positive trading performance, but all it takes is just one trade to ruin it all.Big losses and small profits are the average trader’s predicament, strive not to be an average trader.
3. Emotional Intelligence: The trades you place aren’t guaranteed to be profitable. For many, this uncertainty creates fear, and fear leads to emotional decisions. But what if you were to let go of the need to feel certain? What if you embraced uncertainty? We must learn to manage our emotions so that they don’t manage us.For example, notice your habits of reaction. What’s the first thing you want to do when you take a significant loss?Most probably you would itch to recover the losses as soon as possible, which is a natural and emotional response whenever a trader suffers big losses. This usually leads to Revenge trading.You have to be aware that whenever you deviate from your trading process in the heat of the moment because of some short-term emotional changes of mind, you’re adding an element of randomness to that process. And that element of randomness gets you random results.Developing such a base level of awareness is key to anticipate emotional reactions and attempt to avoid them, rather than giving in to them.
4. Mastering One Setup: Don’t be a jack of all trades, master of none. Understand your risk appetite, funnel your focus in one or two asset classes, determine your trading hours, be patient … That’s where the money is.Begin by specializing in one or two set-ups, master them and then you can add more setups to your arsenal.
5. Humility: A trading ‘loss’ is a matter of perspective. Here’s what you stand to win when the market invalidates your idea: 1. An opening of your mind 2. A weakening of your belief in certainty 3. A readjustment of your trading strategy 4. An opportunity to learn to work with your emotions.Be humble and admit that you don’t know everything. Markets are very complex processes and understanding market psychology and the herd behavior takes time and experience. Indicators or trend lines drawn on a chart don’t guarantee that things will unfold a certain way.
6. Resiliency: Resiliency is about how long you can get served the same lesson by the market without letting it break your spirit. Resiliency is what separates the consistent profitable traders from the masses. Professional traders embrace the fact that losses are a BIG part of trading. This can’t be said enough. So, rather than fearing losses, they ensure to become resilient and learn from them. These are the 6 most important aspects that you need to work on to achieve a strong trader psychology. Unfortunately, there’s no magic on/off switch for your emotions. However, if you learn to understand them―through observation, meditation, writing, reflection―while consistently pushing yourself out of your comfort zone. That’s how you broaden the scope of what you can tolerate and level up as a trader.Our vision here at FinPros is to educate our clients to reach their full potential and fulfill their financial
   goals, with the help of our trading experts and analysts which are ready to be your guide in your path to
   profitability.