One of the most prominent developments in the financial industry in recent years is ‘social trading,’ spurred by the fintech revolution. Moving trading practices from professional brokers into the hands of individual traders created a fertile breeding ground for the invention of new trading methodologies. Social trading combines traditional trading practices with online communities and has quite a few advantages for both novice and experienced traders. Here are four worth mentioning: 1. It saves you time With social trading comes ‘copy trading,’ a specific feature invented and patented by eToro. Copy trading enables traders to replicate another trader’s actions in real-time. For…
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