In social trading, investors participate in a community, sharing ideas, tips, and discussions. Social trading is so-called because it works on the same lines as a social network. Investors create accounts, follow one another, post status updates, and interact on comment threads. It is a perfect form of trading for both beginners and experienced investors.
Through this new social format, copy-trading lends a new dimension altogether. Social traders do not have to be experts at the trading game—they simply need to follow traders who are. While this has led to theperception of social trading as less-risk, investors often miss out on the opportunity to maximize success…
