So you’ve decided to quit your 9-to-5 job and start day trading from a balcony overlooking the Champ de Mars in Paris. The only problem is that you’re not sure where to begin, and the more you study about this potentially lucrative business, the more questions you’ll have. That’s ok; let us provide a selection of the greatest stock trading chat rooms on the internet; these are communities where you can get professional solutions to your questions.
Advantages of a Stock Chat Room
Before we go into our list, let’s talk about the advantages of joining a day trading chat room. To begin with, they allow members to experience what it’s like to trade in real time, rather than just envisioning it, and in many cases, these platforms live stream professional traders buying and selling! With that said, don’t have the bright notion of replicating everything the person on your computer screen does – it’s a sure-fire way to lose all of your money. It’s critical to work toward developing a trading approach that’s all your own.
Second, you’ll have access to enormous volumes of data. As they say, knowledge is power. Not only will the group provide you with real-time news on any ticker symbol, but some will also provide you with scanner tools that will alert you to a desirable stock on the rise based on a set of precise criteria you enter into the system!
Finally, having a supportive group to draw on is always a plus. All of your burning questions and worries can now be shared with your peers and ultimately answered by a professional day trader.
Keep an eye out on scammers.
Let’s be clear about one thing: the world of day trading is rife with con artists. Even though we didn’t include them in this article, you’re bound to come across d-list celebrities who claim their course – which costs thousands of dollars – will make you rich, when in reality they’re just some scumbag looking to take advantage of financially vulnerable people who want to improve their lives in a legitimate way. Don’t be fooled; you’re smarter than that.
Keep in mind that there are dozens of free YouTube videos accessible that teach the principles of day trading step by step; oh, and don’t forget Google! Before paying thousands of dollars to some self-proclaimed expert, try learning as much as you can on your own using free resources.
While we have included a list of stock trading chat rooms that we found beneficial as a result of our own study, we encourage anyone interested in learning more about this issue to take the initiative and conduct their own study. Don’t just take our word for it; delve into the resources available to see if you can find anything that suits you better than what we found!
StockTwits is a social networking network enabling investors, traders, and entrepreneurs to share their thoughts – like Twitter, but for the stock market. The website makes it simple to look for ticker symbols and assess all of the current discussion and news about a certain stock. StockTwits CEO Ian Rosen revealed in April 2019 that over 150,000 messages are posted every day, with some estimates putting the overall member count as high as 2 million, making this trader-centric community the world’s most crowded, robust, and active!
The Techbud Solutions Facebook group is a group dedicated to connecting motivated people and assisting them with their own personal endeavours. While virtually any business subject can be asked, the most common topic of conversation is day trading. Because this is a tightly monitored private group, you’ll have to wait for admins to confirm your request to join. Once inside, make sure to ask any and all questions you have, as their over 300,000 success-oriented members are usually eager to provide helpful advice.
Ricky Gutierrez, a seasoned investor, is at the helm of this operation. He is undoubtedly one of the most well-known day traders in the world, with approximately 900,000 YouTube subscribers. Gutierrez updates his YouTube channel on a regular basis and has built an almost limitless library of free instructional resources over the years.
For anyone wishing to start their financial adventure, Trade Ideas provides a variety of handy tools. Anyone may join the well-maintained Live Trading Room Community, and a free subscription gives users access to educational courses and real-time simulated trading. The stock scanner feature provides important insight into potential strategic profit chances based on a long list of variables that you, the trader, can customise to your preferences.
Taking things a step further, their premium plan gives you access to Holly, an artificial intelligence programme that helps you manage your trading cycle.
“These scanners will locate the tiny handful of equities worth trading each day out of the thousands of equities available on the market. “There is nothing else like it,” Warrior Trading writes in a 5-star review. Trade Ideas adds to the subscription-based content by providing a YouTube channel with a collection of videos on day trading fundamentals; the channel even goes live with expert traders from time to time.
Ross Cameron is regarded as one of the best penny stock and small-cap stock traders in the industry. Members may watch him trade live (with a 15-20 second delay) in the warrior chat room, which also serves as a platform for thousands of peers to criticise his movements. Cameron does caution viewers, however, that they should never join his live stream with the goal of replicating his transactions. If you ever enter a trade without conducting your own research, strategy, or confidence, you can kiss your money goodbye!
Because this is a paid chat room, it is more exclusive and screens out most people who aren’t serious about trading, resulting in a great learning atmosphere. While Cameron’s courses can be somewhat costly, he constantly publishes high-quality day trading content to his YouTube channel, Warrior Trading, which has over 670,000 subscribers.
The Better Business Bureau has given Warrior Trading an A- rating.
Haikhuu Trading, which has a user base of 150,000, allows users with both free and paid-membership exclusive chat rooms. Their free subscription gives access to basic trading education, an options chat room, and a cryptocurrency chatroom, in addition to the online Trading Community. Finding a unique discord channel with the proper individuals in it might be really beneficial.