Earlier today I saw a picture of a trader on Zulutrade, a crowdsourced trading platform. It’s a bit like eToro, which I’m more familiar with, mostly because it spams me with adverts on Twitter. Here’s the blurb of Zulutrade:
There was a time when trading was a headache. Not anymore! You don’t have to study or monitor the market, because hundreds of signal providers from all over the world are doing it for you. All you have to do is pick the Signal Providers you like, and ZuluTrade will quickly convert their advice into live trades in your trading account directly with the broker. And the best of all, it’s completely FREE!
and of eToro:
Social Trading is about opening the markets to everyone. At eToro we encourage people to connect with one another to discuss, trade, invest, learn and share knowledge across the network. From now on, you can copy the traders you like with a “click” of a button
Basically, you copy other people’s trades. Presumably you think they’re doing something smart, and something you can’t be bothered or are unable to do yourself. Anyway, here’s that picture of the Zulutrade trader I promised earlier: