NATURE OF SOCIAL TRADING
Social trading network works very similar to a regular social network, with the difference that on a trading network instead people share trading results with others instead of selfies and lunch photos. An opportunity to copy trades of other users is an important feature of social trading platforms. When you find a successful trader with suitable investment style you can choose to follow his strategy and all open trades will be automatically copied into your account.
Unlike hiring money manager in social trading, you dont have to give access to your account or disclose any personal information to the person you copy. And if you are successful as trader you may get additional income by becoming a signal provider and selling your strategy to others.
Social trading helps users join easily and start making money by copying profitable strategies, and its also easy for a signal provider to join and find signal receivers.
Another benefit of social trading is an opportunity to interact with other traders, watch trading results of other people and discuss situation on the market in real time