When people are new to financial trading…and indeed when they’re quite experienced…they are often hungry to hear tips and advice from others. ‘Goinstavest’ provides a platform for traders to share what they’re doing with the world, and perhaps make a commission by  allowing others to copy what they’re doing.

Investors create an account and post their stock market investments on the site, detailing the company,  the amount invested and rationale behind the investment. Potential investors can then browse the full list of investments on the site and choose trades to copy. They can mimic the trader entirely through Instavest, which will automatically copy the actions of the original investor when they sell or buy more stocks in the company. Users are encouraged to give the original trader a portion of their profits – approximately 5 percent. Instavest takes 20 percent of that 5 percent.

I’m not sure how confident I would be copying the trades of “some guy on the internet”, but it’s an interesting idea. And if you’re “some guy on the internet” with a knowledge of trading, this could be an opportunity to build a profitable following.

https://goinstavest.com/