Evolution of Social Trading

Social Trading is an investment strategy that involves following and replicating the trades of successful traders.

In the past, people used emails or chat rooms to share trading tips and strategies, but these methods were slow and came with fees and long wait times. To address these issues, brokers developed automated platforms that generated signals based on the trades of professional traders, allowing investors to follow their strategies.

This eventually evolved into copy trading, where investors could directly copy the trades of others. More recently, Social Trading has become a social platform where investors can link their personal accounts and trading portfolios, making their trading history visible to others and allowing for more social interaction and transparency.

Benefits Of Social Trading

There are several advantages to using Social Trading, including access to the expertise of successful traders, the convenience of automatic trade execution, the ability to diversify your investment portfolio, and the low barrier to entry for those with little trading experience.

PsiForex Forex Copy Trade Platform takes Social Trading a step further by giving investors Complete Control over their trading accounts, including the ability to control the risk exposure by setting the trade lot sizes to help mitigate potential losses.

Why you should get involved ?

Social Trading has gained significant popularity in recent years, with one in four investors considering it last year, according to a recent survey. It is also expected to grow to €70bn in 2025, with an annual growth rate of 48%. Many investors have gained their Financial Freedom by leveraging on the power of Social Trading.

Given these trends, it is an investment option that is hard to ignore for any investor - beginner or professional.

Join PsiForex today and start using our Innovative Forex Investment Platform.