How Online Traders Use A Group Chat Platform

A group chat for online traders is essential for social trading. As a trader, you can share graphs, estimation, technical analysis, and tricks among colleagues or peers in private group chat rooms or sell your trade secrets for a fee.

Trading in a community gives you the advantage of trading together. Or, if you have your own expertise and record, you can trade secrets with your community.

So, how do traders use a group chat platform? They need a platform that is able to keep up with today’s technology. That’s where a group chat comes in.

Membership access only

In a membership-only site, embed a group chat where you can share your trading knowledge with members. To create a membership chat, here’s what you need to do.

  • First, create an account on the website.
  • Second, copy the provided line of code. Then, paste it to your website. You should immediately see the chat room on your website.
  • Lastly, change your group chat settings the way you like.
virtual events

Here are the different ways you can set your chat.

  1. Open chat – Allow multiple logins such as guest, Facebook, or Twitter.
  2. Registered users only – Only users that are registered via the Users tab can enter the chat. When you want to add a user, you can simply click Add new user and set a username and password.
  3. Userbase – If you have a userbase dedicated to your site, then you can choose the automatic login option. When they are registered to your userbase, they will automatically be logged in to the chat.

You can see all of these options in General & Logins > Login Options.

online traders

Exchanging trade secrets

You can make the conversation more productive by sharing files that are relevant to trading. Send images, pie charts, graphs, and more. With the file-sharing feature, directly attach files and images to the group chat.

online traders

There’s no limit to the number of messages or files you can send. So, share every piece of information that you can.

Become a trade advisor

As an online trader, trade secrets are important. This is your expertise and knowledge of years, so you would need to discuss tips like these in a one-on-one conversation.

You can make use of the private chat within the group chat to hold one-on-one conversations with your peers if they need trading advice. Another feature that you can only do in the private chat is audio and video calling, which is also handy if you want to do in-depth trade meetings.

If you need a chat that works primarily as a one-on-one conversation only for chatters, then you can check out the private chat type.

Online traders sharing knowledge

Trade secrets are not easy to learn. You’ve worked hard for it through years of research and experience. Therefore, if you’re confident as an online trader, then you can create a community of online traders and share your tips and tricks of the trade. 

Since you have a dedicated platform for your trading conversations, you don’t have to exit your website to talk with another trader or close a deal. Having an online community dedicated to trading will make trades easier as anyone can pitch in their ideas and what’s good to invest in according to the market.

Sign up now and get your trading chat.

How You Can Use Group Messaging for Virtual Events

Tired of one-way communication during an online event? Let your audience be heard by adding a group messaging chat for your virtual events.

A group messaging platform can be embedded next to your live stream to introduce two-way communication with your participants. How can you do that? It’s easy.

How to embed a group messaging platform next to your virtual events

It’s easy to embed a group messaging chat next to your event with RumbleTalk as you only need to copy the code and paste it on your site.

  • First, log in to your RumbleTalk account or register if you don’t have one.
  • Then, click Embed.
  • Choose if you want it as an embedded chat or a floating chat.
  • Finally, you can now copy and paste the generated code on your site or page where the event is happening.
virtual events

NOTE: If you’re using a website host that makes use of plugins, then you can visit this page and follow the instructions.

Now that you have a chat for your virtual events, how can you take advantage of it? Here are some that we can share with you.

Host effective Q&A sessions

The moderated chat can be used as a Q&A mode where you can ask your audience to send in their questions to the speaker. In turn, the speaker can address these questions in the live stream.

To create a moderated chat for your event, follow these steps.

  1. First, log in to your admin panel.
  2. Click Settings > General & Logins.
  3. Lastly, select Chat Type and choose Moderated chat from the list.
chatting platforms

Now, you can use the moderated chat to control what’s going in and out of your chat room. You can make sure that the chat is safe and secure for your participants, especially if it’s a huge event.

Build a relationship with your audience

Answer your audiences’ questions in the live stream and build a relationship between you and your audience. As long as you’re moderating your chat, you can keep it safe for everyone. Especially for large virtual events, you would need to have the manpower for your event.

To do this, you would need to assign moderators.

Effective data gathering for future events

When you first introduce a chat platform for your virtual events, you can use this to gather ideas from your audience. From this, you can use your audiences’ comments and suggestions to improve your future events. 

To gather data for your events, you can make use of the export feature. By exporting the chat transcript, you can see what happened in your chat room for a specific date and time.

Here’s what you need to do.

  • First, log in to your RumbleTalk admin panel.
  • Go to Settings > History.
  • Choose the date and time of the transcript that you want to have a copy of.
  • Select Export and choose from CSV, Doc, or HTML as the file type.
chat tools

Then, you’re done! You can now use this data to see what your participants talked about in the event and how you can address this as a company, business, or entrepreneur.

Embedding a chat platform next to your virtual events

In a virtual event, there are several participants. Some participants won’t always be online and some would stay in the chat even if they’re away from their keyboards at the time. These participants would also be the key to answering questions that cannot be answered by the speakers.

Therefore, others would like a platform where they can talk about the topic and ask questions to the speaker or fellow participants. When you embed a chat platform next to your virtual events, then you can take advantage of various chat types such as group messaging or moderated chat. You can then use these chat types to create a community chat or host a Q&A session to take your event to the next level.

So, sign up now and create a virtual events chat!

Determining the number of audience if you need a chat platform for live events

Large events attract significant numbers of attendees. When an event is held online, this number becomes larger since the event can have a worldwide reach. When you avail of a chat platform for live events, the event participants will want to join.

RumbleTalk serves many event platforms/companies globally.

If you are expecting a large number of users, you may need to share with us some more information about your event so we can advise you.

From our experience, not all of your expected audience will join the online event. Only 10% to 20% join as chatters in live events. Why is that? Here are some common scenarios that may happen.

Common scenarios why seats don’t get taken in large events

Since we’ve been catering to the event industry, here are some of the scenarios that we’ve encountered.

1. Is this a two-day event?

2. Is this a live-streamed event?

3. What would be the peak number of participants?

4. Is the audience going to be scattered in different rooms/pages on your site?

Because of these scenarios, not all seats get taken for an event. Only 10%-20% of the seats get occupied. So, what can we suggest that you do for large events like this?

Start with a small plan

The RumbleTalk enterprise plan starts with 1000 seats, one room, and one admin. You can grow to as much as you need to go. We suggest that you start with the plan that suits your online events well.

You can upgrade your plan if you want more. You could add as many as you need. The price of your chat platform for live events will depend on what you add, e.g., seats, keywords, admins, etc.

Once you’re ready to grow to a large event with more than 10,000 simultaneous users, then this is the time that we can prepare your account to ensure it would be able to handle this big event.

RumbleTalk’s servers can handle as many simultaneous users as needed in any live event. However, if you are going to have an event of more than 5000 simultaneous users, giving our support team a heads up can ensure your chat account is prepared to handle this load.

Attendance in events

Based on experience, only 10-20% of people who registered for your event come in simultaneously at the same time. Most of the huge companies tend to go for the route of spreading their audience into different rooms or pages with different topics.

This is because events with more than a thousand people tend to be chaotic and much harder to manage.

Have you been doing online events with a large number of audiences (20,000 and above) in the same room? Or maybe this is the number of the expected viewers that will watch at the same time?

This is something that you have to take note of since not all watchers use the group chat to start a conversation.

Discuss with us to set up your chat platform for live events

chat platform for live events

If you are really going to have an event with more than 8000 simultaneous users, then we would have to set your account with special servers so the chat can accommodate your event smoothly.

So, let’s schedule a meeting. We can discuss what a chat platform for live events can do for your next live stream, conference, or event.

Contact us on our website.