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.

Social trading ranges from traders using modified social platforms to discuss their trades and strategies to copying other traders' actual trades or portfolios.

This is why "social trading" is a common umbrella term for copy and mirror trading strategies.

Traders "copy" or "mirror" what other traders do.

Brokers often allow experienced traders (often referred to as "leaders") to allow novice traders (called "followers") to copy their trading strategies and earn a percentage of the profits of those copying traders.

Given the recent popularity of social trading and its effectiveness in helping brokers grow trading volumes among their customer base, some forex brokers have gone as far as rebranding as "social trading brokers" or "social trading platforms".