What is social trading (community trading)? | bestbrokers.co.uk

Image: Social Trading (Community Trading)

With the development of social networks there is a new trend in online trading, called community trading or social trading. It is when an online community appears, of people interested in a specific subject, online trading, who make their trading decisions mostly if not solely based on what other traders have done.

This is a companion discussion topic for the original entry at https://www.bestbrokers.co.uk/definition/social-trading-community-trading).html
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Social Trading is a generally new popular expression - made by the business pioneers of the retail financial specialist/exchanging world - which alludes to a stage for people like you and I to talk about planned dealers we’re hoping to put resources into. The go-between (social exchanging site) as a rule complete a great job in permitting you (financial specialist) to rate, give input, make inquiries and for the most part draw in with merchants you’re keen on.

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So is it not fair to consider ‘Copy Trading’ to also be a form of Social Trading? Albeit a modern day form of capitalist socialism :thinking:

Apparently eToro allows this sort of ‘communal’ activity, as exemplified by a Brit crypto currency trader here.

He seems to be doing alright with a $230,000 annual commission from his 9,143 follower’s/copier’s invested assets - not too sure how his community is faring though!