Social trading, where traders interact and copy each other’s trades, has become extremely popular over the past few years, and many low spread forex brokers now offer trading platforms specifically designed for this type of trading. However, traders should be aware that spreads & commissions are usually not as low with social trading brokers as with the traditional low spread brokers.
A reason for the growing popularity of social trading is that it provides an opportunity for both new and experienced traders to generate profits from their trading. For new traders, this can be done by copying the trades from more experienced and profitable traders. Meanwhile, traders who are already well experienced can earn additional income on the side by sharing their trades with other traders on the same social trading platform.