Retail foreign exchange trading is a small segment of the large foreign exchange market. In 2007 it had been speculated that volume from retail foreign exchange trading represents 5 percent of the whole foreign exchange market which amounts to $50–100 billion in daily trading turnover. The retail foreign exchange market has been growing. In general retail customers are able to trade spot currencies. Due to the increasing tendency in the past years of the gradual shift from traditional intrabank 'paper' trading to the more advanced and accurate electronic trading, there has been spur in software development in this field. This change provided different types of trading platforms and tools intended for the use by banks, portfolio managers, retail brokers and retail traders.Social trading is the process through which online financial investors rely mostly on user generated financial content gathered from various Web 2.0 applications as the major information source for making financial trading decisions.Social trading introduces a new way of analyzing financial data. Until recently investors and traders were relying on fundamental and technical analysis to form their investment decisions. Now they can weave into their investment decision process social indicators that are fueled by a transparent real-time trading data feed of all the users in the social trading network.This is now being introduced as social financial analysis. Social trading has also been associated with a variety of online social trading networks.These social trading networks can be considered a subcategory of online social networks.