Social trading is a form of trading that involves observing and copying trades made by others, analyzing market sentiment, and sharing one’s own trades with others. There are many brokers that offer this type of trading, and most of them do so with the help of a dedicated social trading platform.
Social trading can be a particularly good opportunity for new and inexperienced traders who want to learn from others. New traders can then browse the track records of various other traders, and choose who they want to follow. This way, it is possible to quickly become profitable as a stock CFD trader, even for those who start out without prior experience.