Recently, I came across a term called "social trading" and have not much clue about what it is but basing on my active involvement in the social media scenes like Facebook, Twitter etc, I sort of guess that it is making use of the power of social media to facilitate the trading activities.
According to the Wikipedia, Social Trading is defined as:
"The process through which online financial investors rely on user generated financial content gathered from various Web 2.0 applications as the major information source for making financial trading decisions"
So, it is not that far off from my own definition ;-)
Upon further searching, it seems that Social Trading has been around for quite a while and many of such Social Trading platforms (one example is copyop social trading) are promoting the "copy and trade" model i.e. copying/following other successful traders' (gurus') trades and ......