Trade Chat Platform is an Indispensable Tool for Online Traders

Updated on Apr 2017

Financial trading is a business that requires an abundance of information. This article tries to detail the role Trade chat is taking in this times.

A trader should be equipped with data and information in order to make the right decision at the right time.

Regardless of what market the trade is done, whether it is the stock market, futures, currencies or commodities, it suffices to say data and information are the ammunition for successful financial trading.

Two recent trends in financial trading are community trading and algorithm trading or algo-trading. They are similar in that both use automated tools for their trading activities. The difference is in the people involved in those types of trading.

Community trading relies on groups of people sharing information, while algo-trading relies on complex mathematical formulas. Regardless both of them use trade chat because both of them requires an extensive amount of communication.

RumbleTalk a trade chat platform — Add technical graphs to your social trade chat

Community trading and trade chat

Community trading is a trading activity that engages a community to share data and information in a close group or circle.

In financial trading, the terms used to define the trading activity is called social trading. Social trading uses trade chat rooms and online forums heavily as their communication method. Investors, brokers, and traders communicate with trade chat to share information, share tips and tricks, and exchange trading strategy. In a more advanced form of social trading, members of a community can copy trading positions from a respected and renowned trader.

In a more advanced form of social trading, members of a community can copy trading positions from a respected and renowned trader.

This community trading has also spread to marketplaces other than the financial market. Communities formed of people with same interest are often engaged in trading activities among members. Although such a community is not targeted to be a trading community in the first place, as the community grows, the members of the community start to exchange their collections or sell their vintage collections.

This is when trading in the community begins and this is the time the trade chat will become an indispensable tool for the community.

Communities such as a manga or comic communities, gaming, music fans, and action figure communities are the ones that often integrate trading activity into their communities. These types of communities are heavy users of chat rooms and forums and as the community grows in community trading, trade chat usage becomes imminent.

Trade chat for algo-trading

Algo-trading is automated trading. Often called black-box trading, due to heavy reliance of computer, it is a form of trading that depend on computers that are programmed to follow a defined set of instructions for placing a trade in order to generate profits. The aim of using computers is to increase the speed and frequency of trading that is impossible for a human to do.

However, algo-trading has a high possibility to administer a high-frequency trading which exposes high risk and is considered controversial.

As trading positions are generated by complex mathematical algorithms, the potential of algo-trading to entrap high-frequency trading is opened.

This is because algo-trading uses computer analysis to predict a market movement using a set of complex mathematical formulas. Based on the instructions in the formula, when a certain event occurs the computer will execute a trading position.

During a high volatility market, such as what happened last week the global financial market, computers might execute excessive trading position resulting in high-frequency trades.

Although market regulators have not declared high-frequency trading to be illegal the activity has been under scrutiny by financial authorities around the world. There are some cases in which violations occurred due to a computer decision to make a trading position such as the May 2010 Flash Crash in the Dow Jones Industrial Average.

One case of insider trading in September 2013 on the Chicago futures market occurred when a decision made by the Federal Reserve was executed by a trader in the Chicago futures market in just 2 milliseconds while someone who stood by at Washington after the announcement would have taken more than 3 milliseconds to inform traders in Chicago using a trade chat. That is a strong indication of algo-trading.

The last case was in January 2015, when exchange operators were fined by the SEC for revealing order types enabling algo-trader to execute high-frequency trading before other traders.

Trade chat in hybrid community and algo-trading

In an advanced form of social and community trading with a copy trading method, there also is a new type of trading. This is a hybrid trading, formed as a combination of community and algo-trading.

This method is called copy trading. Usually, the method is used in a trading community when a renowned trader is used as a barometer and algo-trading is employed consecutively by members of the trading community. Actually, this is the type of trading that is most prone to high-frequency trading since computers can copy other positions and execute the same strategy without communication between traders.

Trade chat is needed in this hybrid trading in order to inform all members of the community to stop trading before they engage in risky high-frequency trading.

Get your own chat room

Posted on January 14, 2016October 13, 2021 by Editor

Why you need a Vibrant Chat next to your Radio player?

Updated on APR 2017

We will detail in this post the usage of the radio player chat usage. Let’s start with the basics.
Internet radios have two options for sending audio service to their audience:

either continuous broadcasting, known as webcasting or
on-demand, known as podcasting. Podcasting enables the audience to subscribe the audio content and play the content later using their preferred radio player, instead of listening to it live.

Some well-known radios have been broadcasting their radio through radio player or radio hubs such as mixcloud. Now, let us see the importance of a radio player chat for either webcasting and podcasting.

Radio Player Chat for Webcasting

All radio stations need audience just like audience need radio. It is a reciprocal need between the two. Therefore radio player that webcasting its content needs to maintain its audience and keep communicating with its audience.

In pre-Internet radio era, we generally made a phone call to the radio station and made a song request or answering quiz.

The technology for radio player chat was not available at that time, therefore a telephone is the only way to communicate between the radio station and audience. Sometimes, the phone call from the audience was broadcasted on air and the radio DJ engaged the caller in a conversation.

RumbleTalk radio player chat room - a combination of this two in one page.

However, a current radio station may not be able to do the same thing anymore. Listeners of Internet radio station are mostly geographically dispersed.

A radio station in Europe may have its listeners in Asia and Africa, or the other way around, a radio station webcasting its content in Asia might have its listeners tuning in from America, Europe or other parts of the world.

One most appropriate method to engage the audience is to have a radio player chat in a website. It is the best way to engage audience and listeners. This radio player chat is similar to what a phone call to radio station in the old days.

The other option is having a unique url where you chat is or even chat and player.

Podcasting + Chat Room

For podcasters, a chat room is necessary to engage their audience as well as the radio station. It is because podcasting is an on demand service. Unlike webcasting, the audience of a podcast can listen to the audio content anytime in their convenient.

Podcasting is more of a static content instead of a continuous streaming. Therefore, the audience does not listen to the audio content live-streaming, but they have the option to listen to the content later.

Podcast enable the audience to take control of the time for listening to the audio content in their hand.

This provides convenient for listeners as well as the radio station. Since radio station can record the content beforehand and put the audio recording in the podcast server. Regardless of differences, both services need a radio player chat.

Richard Berry, a station manager at SparkFM and also senior lecturer and researcher at the University of Sunderland in England have been closely watching the evolution of podcast into what it is today. He first observes the emergence of the podcast in 2005 when the podcast was first available for

RumbleTalk live chat for online radio players

He first observes the emergence of the podcast in 2005 when the podcast was first available for everyone. Berry observed the phenomenon carefully and based on his observation in his article entitled ‘Will the iPod Kill the Radio Star?

Profiling Podcasting as Radio.’ he wrote: “Podcasting allows anyone with a PC to create a ‘radio’ program and distribute it freely (he was so right), through the internet to the portable MP3,Mp4 players of subscribers around the world.”

Berry, a researcher on radio production noticed the capabilities of podcasting, as he noted, “Podcasting not only removes global barriers to reception but, at a stroke, removes key factors impeding the growth of internet radio: its portability, its intimacy, and its accessibility.”

Podcast Radio Stations

Some public radio networks have already provided podcasting service, as the alternative from webcasting. BBC, CBC Radio One, National Public Radio, and Public Radio International are among the first radio stations to engage the podcasting technology.

Other renown media publication has also included podcasting as their channels, such as CNET with its technology news and Bloomberg radio with the financial news.

More and more radio stations are now providing podcast service for their audience, accompanying the webcast streaming.

Podcasters can measure their audience by monitoring the number of subscribed audience and their activity in the content. Even so, that does not provide their audience the ability to send feedback and communicate.

They need a radio player chat to engage the audience in a conversation, thus understanding what the audience want and cater their needs.

A radio player chat can be installed on the website of podcasters, and allowed the audience to talk among themselves or with a representative from the podcast radio station.

Do you need your own chat room? If so it takes less then 2 minutes to start creating your own custom chat room, register in here.

Posted on January 5, 2016April 23, 2017 by Editor

Building a Community Chatroom Around Your Passion

Online community uses Internet as a communication channel, where and people with the same interest join the forum, e-mail list, newsgroup or chat rooms. Online communities usually built around the same passion between people and it can penetrate the geographical boundary. It is common now to see an online community with members from around the world.

Building Online Community ChatRoom

The first global online community was Linux and open source software development. Contrary to the software development model in the big software houses and software companies, the open source development was done in a community of programmers around the world. They communicate using a newsgroup, mailing list and chat room.

In order to build an online communities, we just need to gather people that has the same passion and interest. Linus Torvalds, the initiator of Linux was started the Linux by sending a simple message in a newsgroup, asking for help from people to assist him building a simple operating system for his thesis. Within a matter of months, hundreds of programmers join and now, thousands of programmers involved in the Linux community.

For certain, we don’t have to build interest in the technology field to build an online community. We just need to have devoted and passionate people that will spread our community on a global level. Take for example, the spreading of Korean pop culture.

Case: Korean Wave

One global phenomenon built on online communities is a Hallyu or Korean wave. A Korean pop culture that spread around the world consist of K-Pop for its music, K-Drama for its television drama series.

The success of Korean wave is dictated by its online communities which had been nurtured since the late 1990’s. Time Magazine in August 2010 edition wrote a special report about online communities influences in boosting Korean Pop culture going global.

The culmination of Korean wave was Gangnam Style, the song that become the world’s hype in 2012 and sung by Psy, Korean singer-rapper. Everybody around the world was mimicking Psy’s horse riding dance, its YouTube video was recorded as the first video to hit the 1 billion viewers. Gangnam Style music video in YouTube is now being watched by 2 billion viewers and still the most watched video in YouTube.

Online community, together with social media became the crucial tool or Korean wave to reach audience in markets like U.S. and Europe. Those are traditionally hard-to-access markets, especially for Asian artists; but Korean artists successfully penetrated the market bypassing traditional outlets like radio station and television.

The success of Korean wave in penetrating the hard-to-access market have been supported by some English-language Korean Pop blogs and online communities, such as allkpop.com, soompi, k2nblog, and some others. All of the blogs established their own community, complete with their own forum which cater the international fans for information about their K-Pop artist and activities.

Euny Hong, a Korean-American journalist and writer was moving to Korea in 1985 when she was 12 years old. She went to college in Yale in the 1990’s and witnessed how Korean changed from a disorganized society into a cool and hip nation. In 2014, he wrote a book ” The Birth of Korean Cool: How One Nation is Conquering the World Through Pop Culture,” talking about how a third-world dictatorship country changed into a democratic country and leading the global technology.

In her book, miss Hong wrote that during the 1997 economic crisis, Korean realized that the growing reliance on big business and conglomerate is the weakness of the country. Therefore, the country shift its economic direction in building IT and digital contents. Korea built a fast Internet connection and pushing forward the content; music, film and video games. With fast Internet connection, online communities flourished and digital content gained higher popularity through online communities. The same pattern also applied in K-Pop international communities.

Korean wave is the solid example of how to embrace a digital community to bring your passion closer and gather people with the same passion. It is common for fans of a certain K-Pop or K-Drama enthusiasts to engage and communicate in forum without knowing the country’s background or other information. They just people with the same passion of a pop culture.

Online Community: Border-less Community

The fandom of Korean pop culture are made of passionate people who most often become fanatic about their favorite actresses, actors or musicians. Such passion is a strong driving force to build a great community.

Nowadays, technology has lessen the challenge on building your community chatroom based on your passion. Technology is no longer the burden to build your community. The most important thing is to find people who shares the same interest and passion with you, then initiating a continuous and intense communication with them.

Posted on January 1, 2016October 2, 2016 by Editor