These social trading platforms are gaining traction, I’m interested to see if anyone has used them successfully, whether that be through positive learning experiences, actually copying traders and placing trades or having your account traded for you.
Popular platforms I’m aware of include eToro and Decoin.
Any takers?
I took a look at Decoin, and their Dtrade app, built into the exchange website. There are only 5 active “top traders”, with performances ranging from -4.88% up to 59%. You can see the starting balance, what investors have invested and what the trader’s account balance currently sits at. 4 out of the 5 traders hold between 1.2 and 2.7 btc, so decently sized accounts.
It’s my first exposure to this type of trading, so I’ll follow a couple traders to see how the mechanics work out.
What makes a trading platform “social”?
I guess this part? Is it the transparency of what other traders are doing? 