Thought I would write up how I have got on since signing up to an exchange that has a social network attached. I have used a few platforms before, but this was the first where you can talk to other traders directly, see what they are doing, and copy their trades if you feel like it.
I was sceptical about the social part at first - it sounded like a gimmick - but it has turned out to be genuinely useful. There is a public feed where people post trades, strategies and general market thinking. I have found a couple of people who are honest about their losses as well as their wins, and following their reasoning has helped me understand why they do what they do. It beats staring at charts alone.
The copy trading is interesting. I tried it with small amounts, following two people who explain their trades properly. Nobody got rich, but I picked up a great deal about managing risk and about how differently two people can read one market. Copying somebody blindly is obviously risky, so I go through their record and their reasoning before any money moves.
The best part is being able to ask a question and get an answer from someone actually in the market, rather than an influencer shouting about the next moonshot. There is a real community feel, and it is easier to stay with it when you can see other people learning out loud too.
On the whole the social side makes it more interactive and more educational. It is not perfect - there is still plenty of noise and hype - but filter that out and there are people worth listening to. If you are tired of trading in isolation, a platform like this is worth a look.