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Social trading works in similar way to the standard social network. The only difference is that on a trading network people and traders particularly share trading ideas. Traders can interact, watch after the trading results of other investors and discuss market situations in real time.

Using social trading allows to base your financial decisions on the ideas of other skilled investors. Basically, once you find a successful trader and you like the trading strategy, conditions and results, you can start following them and copy his trades.