The particular rise of social media has changed the way consumers receive financial information. It offers dramatically impacted how individuals interrelate and how businesses relate directly with customers in the finance and investing sector. Online trading platforms and communities are enormously popular and lots of believe that social networking leads to greater trading volume. Datamonitor – the respected Internet research firm – states that over 50% of consumers are using online tools to make their monetary decisions today.
These online tools include social news sites plus social networking sites where ordinary investors pick stocks and advise some other investors. Online investment communities are usually another valuable social networking tool. On-line investment communities combine news plus networking while bridging financial marketplaces and investment communities.
Here are some of the best financial social networks today:
Stockpickr – This is one of the first sites to combine online community with stock investment ideas. It offers members an opportunity to see the stock picks of other community members as well as professional investors. Users can compare their stock portfolios to Wall structure Street pros like Carl Icahn, Warren Buffett and George Soros.
FeedTheBull – This is an user-driven, sociable content site where people distribute, comment and vote on economic news articles. It provides a way regarding investors to share information about companies, industrial sectors and the market – and it allows users to manage the content on the website. For more information on Financial Media Group review the site.
Most members are allowed to submit posts, blogs and news on a share, a company, the market, or the economy.
Bulls On Wall Street – This is a popular trading and market training community. Top traders make up the neighborhood and are considered among the best on Twitter. They do not promote or condone advertising of any stock on their site.
StockTwits – An open, community run, investment idea and information platform. It uses the power of Twitter to provide real-time commentary on stocks. All you need is a Twitter account and any in at least one stock.
SocialPicks : This is a social community where share investors exchange ideas and track performance of financial bloggers. Users can share investment ideas plus track a peers’ investment performance. Once members establish a stock investor identity, they are able to view or join select investor groups.
Motley Trick CAPS – This is an aggregator info about stock picks from Motley Fool employees and readers. It is free to join and to make recommendations of your own. Anyone can browse the ratings and blog postings of the HATS users. Motley Fool CAPS is usually part of the subscription-based Motley Fool — the financial services company that began in 1993.
World Market Media – This is perhaps the most “global” financial social site of all. This particular online investment community includes a comprehensive directory of securities exchanges plus regulatory bodies from all over the world – over 180 securities exchanges in over 160 countries. It gives users increased power to share and make the world’s financial communities more connected and accessible.