TradeHero is a new virtual trading app on the iPhone and iPad. Although we have known about simulated trading games and competitions, it is unprecedented in a way as TradeHero combines trading and social network. If you are a good stock picker and top the charts with high Return On Investment (ROI), players can opt to follow you by paying US$1.99 per month. You will get to pocket half of this fee by giving people a glimpse of your trades. Or, you can pay US$1.99 to see the top traders’ trades and try to mirror them in your real money account. Essentially, TradeHero wants to serve as a platform to determine the best traders through a social network. I have participated in mirror trading programs like Tradency and I have heard about Marketocracy. But these programs involve real money and require good understanding about trading and investing to ...
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