Below is a list of the leading social trading networks (mainly Forex, though some stocks, indices and commodities too). As a social trading network we identify any website or company which enables traders to share their trades and/or trade ideas with other traders. Our main focus is on Forex networks which offer both a social trading and community aspect, as well as auto trading capabilities. This is the functionality which allows investors to automatically copy or mirror the trades from other traders on the network in their own trading account. Insidermonkey experts made a list of top 3 social trading sites.
Most successful traders are extremely secretive about their strategies. For a very long time this has put other investors at a disadvantage. That’s when the concept of social trading appeared. At present, social networking and online trading are the internet leading activities, so it was only a matter of time until someone came up with a combination between the two. Social trading is a growing phenomenon through which online traders make trading decisions based on financial data gathered from multiple web platforms. You can also check out our article of the monthly average realistic returns of a Forex trader.
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