Pros
· Quick access to reliable trading information
· Quick grasping of the trading market
· Earning while still learning
· Build a trading community of investors
Cons
Limited Control over actions taken
quality of trades depends on other traders
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 trading results of other professionals and brainstorm on market situations in real time.
THE BEST TRADERS OFFER THIS FORM OF TRADING ONE ONE WAY OR ANOTHER, THERE ARE A FEW BROKERS THAT THIS IS THEIR ENTIRE BUSINESS MODEL LIKE ETORO WHERE YOU CAN TRADE BUT IN GENERAL WILL JUST FOLLOW OTHER TRADERS AND THERE ARE THOSE BROKERS THAT OFFER THIS IN THE FORM OF AN ADDITIONAL SERVICE , LIKE AVATRADE WHERE THROUGH THEIR TRADING PLATFORM YOU WILL BE ABLE TO COPY
