Some of the brokers that offer crypto trading market themselves as social trading brokers, meaning that their clients get to interact with each other, copy each other’s trades, and get information about how other users trade (called “crowd trading”). To get the full social trading experience, traders normally need to use a designated social trading platform that is designed to facilitate all of this.
Using a social trading platform can be a good option for new crypto traders who want to learn from others before jumping with both feet into the crypto market. This way, new traders can choose to automatically copy the trades made by other more experienced traders with good track records in the market. Alternatively, traders who are already consistently profitable can choose to share their trades on the social trading platform and earn commissions from other traders who follow them and copy their trades.