Those brave enough to tolerate the constant noise of social media site Twitter have found an online trading community full of tips, tricks and ideas on investing. But have you ever wondered what it'll be like to see what trading positions the people you follow have? Better still, imagine if you could easily have those same positions, benefiting from the same returns… and losses.
Well, social trading might just be for you.
Described as a cross between social media and an investment fund, a growing number of spread betting operators and brokers are adding these social trading platforms to their range of services. Online currency broker FX Pro is set to launch a "Super Trader" platform this autumn after similar offerings from FXCM Europe and Gekko Global Markets.
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"We are breaking down the barriers that small people have in accessing the big investments managers. And also allowing small investment managers to come into the space," Akshay Kapoor, business and product development director at Gekko Global Markets told CNBC Wednesday.