𝐂𝐨𝐧𝐜𝐞𝐩𝐭𝐬 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐬𝐡𝐨𝐮𝐥𝐝 𝐤𝐧𝐨𝐰 𝐚𝐛𝐨𝐮𝐭 𝐅𝐨𝐫𝐞𝐱 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝟐𝟎𝟐𝟏

What does Social Trading Mean?

𝐒𝐨𝐜𝐢𝐚𝐥 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐰𝐨𝐫𝐤𝐬 𝐦𝐨𝐫𝐞 𝐨𝐫 𝐥𝐞𝐬𝐬 𝐥𝐢𝐤𝐞 𝐚 𝐬𝐨𝐜𝐢𝐚𝐥 𝐧𝐞𝐭𝐰𝐨𝐫𝐤. The only difference is that instead of sharing selfies or lunch photos, 𝐨𝐧 𝐚 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐧𝐞𝐭𝐰𝐨𝐫𝐤 𝐩𝐞𝐨𝐩𝐥𝐞 𝐬𝐡𝐚𝐫𝐞 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐢𝐝𝐞𝐚𝐬. Here traders interact, watch the trading results of other professionals and brainstorm on market situations in real-time.
𝐀𝐬 𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐨𝐫 𝐥𝐞𝐬𝐬 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐝 𝐭𝐫𝐚𝐝𝐞𝐫, 𝐢𝐧 𝐬𝐨𝐜𝐢𝐚𝐥 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐨𝐭𝐡𝐞𝐫 𝐬𝐤𝐢𝐥𝐥𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐞𝐝 𝐟𝐫𝐨𝐦 𝐯𝐚𝐫𝐢𝐨𝐮𝐬 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬. In other words, once you identify a successful trader and you like their trading strategy, you can start following them and copy their trades.