How social media is helpful in trade?
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Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders. The primary objective is to follow their investment strategies using copy trading or mirror trading.
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Being involved in social media gives traders a way to have their fingers on the pulse of how their target customer and existing client base react to certain news or market events. When a trader can do this while the competition lags on their digital transformation, they can gain the advantage.
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