Social trading is a form of online trading that allows traders to follow and copy the trades of other successful traders, often called “gurus” or “strategists”, through a social trading platform. It’s also often referred to as copy trading or mirror trading.
In social trading, a trader can follow and copy the trades of other traders, either manually or automatically. The traders being followed, who are often experienced and successful, may be compensated through a commission or a percentage of the profits generated from the copied trades.
This can be a great way for new traders to learn from more experienced traders and potentially make more profitable trades while allowing experienced traders to earn additional income by sharing their trading strategies with others.
At BlackBull Partners, Social Influencers can be social traders. You can use their platform and following to share your trading strategies and insights, and potentially earn additional income by allowing others to follow and copy your trades.
Influencers who are successful traders and have a large following can attract many followers who are looking to learn from their experience and insights. They can leverage their platform to provide educational content, market analysis and trading signals to their followers, and charge a fee for this service.