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Largest Number of People Ever Making Money Trading On Social Networking Sites
I’m sure you can remember the huge buzz that went around when Ebay first launched and people could easily sell almost anything that wanted. It meant that you didn’t have to have you own physical shop to make money buying and selling, and people could find items online that they may not have been able to find elsewhere. It is likely that Ebay will remain a highly used site for many years to come, but the prominence of online trading has now been taken to a new level by sites such as Twitter and Facebook that boast a more social capacity.
Facebook first saw the potential in allowing people to advertise items on their site a very short time after they launched. They termed their new section ‘Facebook Marketplace’ and it soon became very popular, with many people even setting up their own shops to trade their goods. Being able to advertise online is nothing new however and sites like Gumtree and Craig’s List have done very well through allowing people to do this, but they find themselves struggling to compete against the newer socially-led networking sites. They allow buyers and sellers to interact with each other in many more ways, including being able to trade photos easily, see friend’s recommendations or even ask online experts before they buy. For example, before you make that commitment to buy one of those second hand bikes you can request more pics, query your friends about it, or ask those people who are hanging out in the cycling community section if you are making the right choice, and if not, what is the right one?
Moreover, people now even have the ability to actually seek out items that they are looking for via sites such as Twitter. For example an extreme sports enthusiast might post on their twitter profile that they are looking for 7’6” surfboards, and because of the potential size and power of the networks here, they will likely find multiple people very quickly who have suitable surfboards for sale
Traders Using Twitter To Stay Ahead of The Game
Ask any city trader, such as a hedge fund manager or invest banker and they will tell you that communication plays a massive role in their job. They need to be one step ahead of the game in many respects and be tightly connected to the latest news. This information tends to come from a great deal of sources, including mediums such as press releases, business statements, cable news channels and many more. However, because the world of finance often moves faster than a speeding bullet, traders need to get the latest information from a wide variety of sources, and they need it now. Twitter is something that has been used by the masses for a few years now and according to the National Australia Bank (NAB) has recently caught the eye of traders who are using it to get info from the horse’s mouth.
Twitter has been termed a ‘micro-blogging’ entity, where people are limited to posts of 160 characters. What this means is that posts have to be to the point and not include small talk, which according to Trevor Keen of the City Trading Union in NY “is exactly the kind of information traders want”. Users within a certain niche, such as the obstruction light sector, can follow other Twitter members who they want to receive updates from, and can themselves be followed. The financial sector operates in a global market these days and people need to be able to stay in touch with lots of different people who are in different countries and different time zones. Twitter provides a central platform for people within different niches or medias to communicate instantly and en masse, allowing them to remain up to speed with latest news and events.
Some people have voiced concerns that Twitter could be used as a platform for insider trading as messages can be sent out privately to people using the site. Although supporters such as this multicore cables business are quick to point out that this was always possible via email and the real power comes from the ability to alert hundreds of thousands of people publically, which of course can be monitored for underhanded dealings if necessary
Twitter Changing The Way Traders Stay In Touch
Any investment banker or financial adviser in the city will vouch for the importance of good communication methods in succeeding in trading. They need to have their finger on the pulse and their ear to the ground in order to get a lead or a jump on the market before everyone else. This information tends to come from a great deal of sources, including mediums such as press releases, business statements, cable news channels and many more. There is however an ever-increasing demand for information to be supplied and received faster and more readily. Twitter is something that has been used by the masses for a few years now and according to the National Australia Bank (NAB) has recently caught the eye of traders who are using it to get info from the horse’s mouth.
Twitter has been termed a ‘micro-blogging’ entity, where people are limited to posts of 160 characters. This obviously ensures that ‘tweets’ are not too long and focus on the key points, something that city business men find refreshing. Users within a certain niche, such as the Beacon sector, can follow other Twitter members who they want to receive updates from, and can themselves be followed. The financial sector operates in a global market these days and people need to be able to stay in touch with lots of different people who are in different countries and different time zones. Twitter allows groups of people from various sectors such as the media, banking and business to alert each other of the latest updates or discuss predicted market trends.
There have been some groups that have frowned upon the use of Twitter as they say it has potential to be a portal for insider trading as messages can be sent privately. Although supporters such as this multicore cables business are quick to point out that this was always possible via email and the real power comes from the ability to alert hundreds of thousands of people publically, which of course can be monitored for underhanded dealings if necessary