TRADENET WIKI 

 

The Best Day Trading Chat Rooms

by Meir Barak | based on content from the Market Whisperer – day trading book


The Best Day Trading Chat Rooms:
Stock trading is easier to perform when you’re part of a day trading chat room group. Novice day traders will find it difficult to go it alone because they lack the experience required to locate suitable stocks and they lack the confidence needed to buy and sell at the appropriate times. In an online day trading chat room with many other active traders, the novice day trader will find solutions for these and many other problems.
The live, online day trading chat room is a web-based community for stock traders. Day Trading chat rooms are not a new invention, even if the online versions are. They have been the topics of discussion in professional stock trading literature for at least the past 150 years. They were always the places where traders swapped views, sought help or instruction, and received tips on hot stocks.
Day Trading Chat Rooms Help Traders with Self-Discipline
Joining a day trading chat room helps new day traders overcome one of the biggest issues they face: self-discipline. When a large group makes a joint decision, it usually will be far more correct than the decision of a lone novice day trader. But even experienced pros have trouble trading without a good day trading room.
What’s the role of a novice day trader in the online trader room? Very simple: to listen, learn, and copy the pros as much as possible. Novice day traders will encounter experienced traders, listen to their discussions as they trade, learn from their actions, and receive real-time support as needed.
Day Trading Rooms Help Traders Find Their Niche
Day trading rooms also have their disadvantages. The diversity of trading methods and the professional jargon that dominates the discussions can set a novice’s head spinning. When you join the day trading room, you will first need to learn that jargon, and only then try to focus on the methods best suited to you. Over time, you should be able to adopt the most appropriate method and stick with it. If you try to imitate too many methods as used by various analysts, you’ll get nowhere fast. Bottom line, you’ll need to find the niche that matches your nature, focus on it, and ignore the “white noise” of traders and analysts that you feel are not a good match.
The Best Day Trading Chat Rooms
A good day trading room will provide live audio that allows the room’s professional analysts to communicate verbally with the other traders in real time, and live video that allows analysts to share real-time charts of the stocks being traded and watched on their computer screens. Another important feature is online chat functionality that participants can use to discuss trade ideas with other traders and to communicate privately with the professional analysts. Finally, a good day trading room will feature live stock alerts submitted by analysts in advance of each trade opportunity.
A great place to start trading with others is Tradenet’s live day trading chat room. Tradenet has educated more than 30,000 professional traders worldwide since 2004, and its day trading room is one of the world’s leading trading communities. In the Tradenet trade room, you can trade live with professional day trader Meir Barak and his team of analysts.

Enroll today for a Free
Trading Chat Room!