Best Benefits of Using a Group Chat for Stocks Traders

 Updated Apr 2017

The Internet Trading Revolution. What part of chat for stocks traders takes in this revolution?

We see how the Internet has changed so many aspects of our life. Even now, with the advent of Internet of Things, we will see more of Internet pervasively enter our life. Stocks trading and financial market are also affected by the huge wave of Internet. As we have discussed in the previous articles that

As we have discussed in the previous articles that the Internet has given birth to social trading, where people can follow the top trader with a series of pre-programmed trading instruction or known as algorithmic trading, or with copy trading and mirror trading. We also have discussed how day trading activities become a daily routine and full-time job for some people, where they make a living by trading in the financial market.

stocks trading chat room for your website
Get your own Chat for Stocks Traders

There are so many opportunities and challenges the Internet has offered. All of that phenomenon from algo trading, copy trading, social trading, day trading can be summarized into one term: online stock trading. Previously, stocks trading was only limited by the stock brokers and stock traders who traded

Previously, stocks trading was only limited by the stock brokers and stock traders who traded in the Stock Exchange. Online stock traders was not something that stock brokers knew before the end of the 20th century. It was until the late 1990’s, online stock trading started to offer services to retail customers with their online trading service. Nowadays, online stock trader and their trading activities have become normal activities in the stock market.

It was until the late 1990’s, online stock trading started to offer services to retail customers with their online trading service. Nowadays, online stock trader and their trading activities have become normal activities in the stock market.

The History of Group Chat for Stocks Traders

With the socialization of stock market and other financial markets, where ordinary people can trade stock online, there are two different perspectives. People can see it as either be a negative of positive. It all depends on the perspective of how we see this phenomenon. People who see online stock trader and ease of access to stock trading will relate to the online stock trading with the story of Joseph Kennedy and Black Tuesday, the stock market crash in October 1929. The worst event in the history of US stock market that made $ 5 billion of market capitalization was lost from New York Stock Exchange in just three days.

People who see online stock trader and ease of access to stock trading will relate to the online stock trading with the story of Joseph Kennedy and Black Tuesday, the stock market crash in October 1929. The worst event in the history of US stock market that made $ 5 billion of market capitalization was lost from New York Stock Exchange in just three days.

Joseph Kennedy survived the market crash because he listened to some shoeshine boys prediction and common people about the potential collapse. He withdrew the stock just a few days before the stock market really crashed, and he managed to save his million dollars profit. Kennedy, whose son became the 35th president of USA, followed the advice of the shoe shine boys, which was proven true. Based on that testimony, some people see a negative perspective for common people to have access to stock market.

Stocks Trading are for All

While others see the online stock trading as the opportunity for common people to have access to the financial market as well as wealth distribution. The wealth generated by big corporations and enterprises can now be accessed by common people with online trading. A housewife can have a blue chip stock because of the availability of online stock trading.

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Both perspectives needs balancing tools to balance the views and create a healthy market. People who have a negative perspective of online stock trader need to educate people of stock trading wisely, thus reducing the possibility of loss and market crash. While the positive perspective will have to double check their optimism, because not all people accessing the online stock trading has the good intentions. They have to keep reminding people that although stock market is a promising venture, but it has some potential downsides. Therefore it is essential to remind people to be cautious in online stock trading.

Group Chat for Stocks Traders provides this balancing tools. Whether to educate people of how to invest and become online stock traders, or to remind potential downside, Group Chat for stocks traders is the right tool, because we understand that every party related to stock market, whether brokers, trading companies to stock exchange authorities, all have the needs to spread information about the right and safest way to invest in online stock trading. Traders Group Chat room provides just exactly what is needed to educate the people and market.

RumbleTalk is a solid web chat platform built using HTML5 latest technology, it has everything online stock trading needs for chat and communication channel. With our superior technology, you can utilize multiple communication methods such as:

  • Upload Charts and Images
  • Upload Files like pdf files, docs, excel and Other files
  • Send short Audio message to the group
  • Sending YouTube and Vimeo video to the chat room
chat for stocks traders features - upload files to the
Upload Charts, Diagrams and Share files with the group

When you conducting a chat with online traders (group chat) visiting your website, it is necessary to be able to attach images, pictures and even charts to the chat room, so you can explain the point more precisely. You are also able to attach documents, excel files, presentations and pdfs directly to the chat room.

RumbleTalk still has more features, to prove that it is entitled to be named the best chat for stocks traders. One of which is the ability to attach the audio message and video in the chat room.

When you have a youtube or Vimeo video you want to in the show to the chat room, you can easily do that, just copy and paste the video url and it will show immediately. This is important especially to explain a complex concept such as trading wisely and smart in online stock trading. A video will ease the explanation and understanding of concepts. Then you can have a Q&A session after the video is played to increase understanding and comprehension.

We have explained top of the line features of web chat that RumbleTalk provides. As you can see, communicating and training your traders and people who want to start online stock trading is very easy with RumbleTalk. You can even create your own podcast with RumbleTalk.

>> Get your own Chat for Stocks Traders 

Why Social Stock Trading Companies Need a Group Chat?

We now have witnessed how Internet technology has changed our daily life and the way we do things. Nowadays, There is none single aspect of our life that is not affected by the presence of Internet, including financial market with its electronic trading. Financial market make use of Internet in almost of their trade, from stock market, commodities,  future market. Trading activities in the financial world have undergone a revolution along with Internet. The revolution that gave birth to a new form trading called social stock trading.

Social Stock Trading Chat

Since Web 2.0 technology was introduced, so many of our social live face a new era. One of which is social trading and social stock trading as well. Web 2.0 is an Internet technology that enable people to contribute, generate and manage their own contents for sharing information, idea and knowledge across the Internet. Financial market is one sector that utilize this technology heavily, especially in its electronic trading activities using Internet as its vehicle. Investors, brokers and traders can now communicate and exchange information using Internet. This trading is called social trading because with the Internet, all traders around the world are able to link and connect each other, thus enable sharing and exchanging trading strategy and even copying trading position.

Social stock trading has several methods, some are using automated trading with a series of pre-programmed trading instructions, known as algo trading or algorithmic trading. Some employ copy trading method, in which the trader copies the position from well-known investors or top traders. Each time the top traders take a position, the trader copy his position. Another method is called mirror trading, the enhancement of algo-trading, where the traders select a strategy based on their trading preferences, and the trading platform executed that strategy.

The most important thing for traders in social trading is information. Without it, traders in social stock trading can never make right decision. It does not matter whether the trading method used is algo trading, or copy trading or mirror trading. All of them need information in order to make the best decision. All renowned social trading platforms, such as elToro, ZuluTrade, TrakInvest, and many others provide a trading mechanism for traders to copy top traders movement. They also provides algorithm which we can use to automate our trading.

The Social Chat Room Technology

Technology itself without human intervention is useless. That is why in the world of social stocks trading, traders’ experience is much more valuable than all automated and trading algorithms. Experience will put a trader ahead and predict the unexpected situation which is not available in technical analysis. Furthermore, when a trader starts to assemble a team or trading group, he needs a communication tools to share his trading system to all team members. Combination of trading experience and automated trading will generate the most powerful social stock trading strategy and execution.

Beside, when a trading group or team using algorithmic trading or copy trading or even mirror trading, they surely need a reliable communication tools to exchange information. It is because all traders need to know which trader has the best track record to follow and which algorithm needs to be adjusted.  RumbleTalk provides communication channel that suits every trader’s need to share information, they are:

  • Live conversation
    Easy conversation just like Skype. You can even have a closed group chat between your own trading group and invite other experience trader to share their knowledge.
  • Live video chat
    One exciting features of RumbleTalk that can enrich the explanation and knowledge sharing is through a video chat.
  • Live trading chart
    Shares movement of the trading chart on the go.

Now we have understood the importance of communication channel for social stock trading, provided by RumbleTalk, now let us talk about how to use RumbleTalk for our trading group and team.

How Do I Begin with RumbleTalk

RumbleTalk have designed the easiest way to create a group chat, whether you have your own website or not, you just need a browser to chat with your trading group. If you have your own website, we provide you the code which you can put in your website to create a group chat in your website instantly.

In order to enable group chat, you can easily do it just like 1-2-3 in RumbleTalk. You just create an account, setting your chat group and start your group chat. That is so simple.

1. Create an Account

First of all is you need to join RumbleTalk. You can go to http://rumbletalkcom and signing up. You can create an account in RumbleTalk, or using your Facebook account.

Signup to get your own group chat
Sign UP

2. Setting your Chat and Group

The next step is setting up your chat group. When you have signing in, you can have the option to create a chat room in your website, or chat in RumbleTalk. We have created an easy way to setting a chat room in your own website, by providing a group chat code to copy to your website. Then, you can have your chatroom easily available. The code can be accessed in the Dashboard.

Your own code
Chat Room code

You can also have the option to make your chat room secured.

Then always setting up the Login details for users. There are two setting you need to adjust to secure your chatroom. First is to secure our chat by disallowing viewers access, disabling auto invite and disabling Invite Friends button. Second one is to disallow guest login. Take a look at the settings below:

Your own group chat settings
Login Type Settings

Note, for advance login type, you can use your own users base.

3. Start you Group Chat

After you have setup your group setting, you can start a group chat with your audience, invite your team and conduct a live social group discussion.

New Feature: Export Chat Transcript to Html

Many of our customers ask us frequently to allow them to export chat transcripts directly from the chat interface. They need it for two reason.

  • SEO – Many customers wish to add the conversation transcript to their website. The transcript (chat history) consists of highly targeted keywords that are perfect for SEO. This is one of the easiest ways to create great highly targeted content for a website.
  • Spreading The Word – Many websites and communities that are running periodic live discussions often send the entire conversation transcript to all members of their community. In that way, people that were not able to participate in the conversation, can catch up and keep updated about the conversations topics.

Export Chat Transcript

We are happy to share with you a new feature: Export chat with a click).
You may find a new button on the button left. Clicking on it will export the chat history into html file.

Export chat history (transcript)

The export function will get all the content that already exists in the chat screen and export it to HTML. This means that when you enter a chat room you a portion of the last typed messages. The export function will only export these lines. If you wish to export older messages from the chat room, you will need to scroll up in the chat area to load older messages.

The Exported File is in HTML format but it includes text only. Meaning when an image or video is placed in the chat it will immediately show. However, in the export chat transcript file, only URL will be shown.

Hiding the Chat Export Button

If one wishes to hide this button for any reason. It can be done using one line of CSS in the Advanced Design menu.  Simply go to your chat settings in the advanced design menu and click on the CSS tabs. Copy this line and save.

#options #export { display: none !important; }
For your information, we replaced an old chat Icon (trash)  with the new export icon. The old icon was used to clear the screen temporarily. This was effective when chatters wanted to clear their screen from too many texts and messages. To make it clear, the purpose of this trash icon was only to make it easy to read and particularly it deleted nothing from the actual chat.

See here a CSS code that will add the trash icon in case someone wants to use it.

#options #clear { display: inline-block !important; }

Additional Archive Features

The option to export chat transcript is not limited to the chat interface. One may export based on your criteria using the admin panel –> archive export feature.

See elaboration on the export chat transcript options in here.