Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders. The primary objective is to follow their investment strategies using copy trading or mirror trading. In order words,social Trading platforms allow you to learn from experienced investors, where you get to know how to navigate the trading market and still earn some money by copying their trades. Therefore you don’t have to wait until you have all the required knowledge for you to start earning.
Social Forex and stock trading is the next step in the social media evolution. Its a relatively new way of trading allowing users instant and constant access to information about the market through the power of the Internet. Unlike fundamental and technical analysis, with social trading the information is generated by other users, which allows the newbies in the field to make trades without having to perform the analyses themselves. In essence, you base your investment decisions on the data and analyses performed by others. The process enables you to seek or give help to others in your field, introducing a new social element of trading never seen before. Not only is social trading beneficial for new and experienced traders, alike, but it also shortens the learning curve for the newcomers.
Quick access to reliable trading information.
Quick grasping of the trading market.
Build a trading community of investors.
Earning while still learning.