Investment decisions become social with web 2.0

Posted on September 27, 2006
Filed Under Forex, Investments, Trading, web 2.0 news |

In the last few years many books have promoted the idea of contrarian trading… which basically means: do the opposite of what most people do… but it is not sure whether this is the correct approach or not… businesshackers are traders so they know how difficult it is earn money trading.. let’s have a look at this new project called: Social Picks.
SocialPicks is a community for stock market investors to share investment ideas, exchange market research, and track peers’ investment performance. It is a relatively new site, which was created for individual investors.
The screen you will see if you register will look more less like this one:

Advantages:
- it’s free
- it’s simple to use
- it allows beginners to improve their knowledge about finance

Disadvantages:
- it’s hard to establish if there is any benefit as far as investment results are concerned
- the site is sometimes unstable
- grahics could be better