Trading and Social Media

[seinfeldgeorge]

I am working on a project to see whether traders would be interested in using social data/metadata to make trades. If you could, please take a few minutes to take my survey and help me gather some data. Thanks so much.

Survey:

https://socialtrading.typeform.com/to/qIiKH7

 

[John_trader]

I am familiar with social trading and think it is an interesting concept outside of following market index's to compare how your portfolio is performing. However, I think more needs to be analyzed than just the way people are trading. You need to look at the age, income, trading style, risk aversion. There are also multiple social trading platforms, do you have nay advice on how to choose the best fit?

 

[Pat494]

As always people need a financial incentive. What would you offer ?

 

[tomorton]

It all depends on the needs.
There are traders who are actively interested in this and are always willing to use such things even for an extra fee.
There are traders who are only interested in independent work and there are many more of these, because it allows you to keep your capital under control and make the most accurate and informed decisions.
If you manage to create something rich in information and quality, then it will certainly attract potential clients.
But it seems to me that you should first try to run it in free mode, and then turn it into some paid resource if you are interested in it. It's a good idea!

What's your favourite trading strategy?