What is social trading and how does it work – best social trading platforms
Social trading is a relatively recent concept in Forex. It was mainly adopted by stock traders and community traders. The main idea is to post and share trading ideas and potential trades on social platforms. This can be done automatically using software or done manually.
There are many schools of thought. Some say it is good because beginners or small investors may get ideas and tips from the experts and successful traders. Others say that it jeopardizes the retail investor’s capital because most of the time they copy other traders and make wrong decisions due to having less knowledge about the market and trends.
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