Is social trading any good?
Idea of social trading and social trading model is indeed interesting. However in practice it’s execution is quite different.
The fundamental problem is that social trading platforms are swarmed with traders that have 500$ accounts that show 10 000% annual returns and anyone who has 50$ can invest with them…
What do you think - if they would be able to pull off those returns on consistent basis, would they be sitting there? I rather doubt that… and you should to…
There are some good traders out there, but absolute majority of ‘successful traders’ are actually nothing but a scammers…
#trading #daytrading #forex #crypto #bitcoin #cryptocurrency #stocks #money #stockmarket #fxsignals #swingtrading
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