In this blog post, we will be doing a short review of StockTwits.
StockTwits is among the largest social networks designed for traders and investors worldwide. StockTwits is currently one of the biggest networks of investors with over 3 million active users who exchange a total of 5 million messages every month.
StockTwits was launched in 2008 with Howard Lindzon and Soren Macbeth as its founders. They had a vision of creating a community where investors and traders can connect and exchange ideas about relevant issues such as how to make money, market conditions and review the latest news
So, is StockTwits platform still worth it? Keep reading our review to find out.
Key Features
The platform uses a host of useful features to solve several problems for investors but we will talk on only two of these features.
1. Stocktwits Social Heatmap
The platform does an exceptional job of aggregating data and creating visual representations through heat maps. Heat maps show the performance of market sectors and identify winners and losers within each sector.
The platform additionally features a section that can pick out the best stocks that are trending due to their level of social activity. These activities may be on an increasing or decreasing scale.
2. Chat Rooms
Financial chat rooms in StockTwits are categorized into Featured, Popular, and Premium. The purpose of these rooms is to allow you to meet up with other investors whose investing styles align with yours.
For instance, if you trade as a day trader, you will be more at ease in day trading chat rooms, while the buy-and-hold investor will do better in a longer term room.
You will notice that the majority of the rooms are completely free in the tabs that are featured as well as popular. The premium chat rooms, however, tend to be the ones with credible investors whose validity has been confirmed by the StockTwits team.
Is StockTwits Platform Still Worth It?
So, what’s the verdict of our StockTwits review?
StockTwits still remains a quality website that you ought to think about. It is the biggest financial social media platform worldwide and also comes for free. And most importantly, there are plenty of professionals to learn from in the Premium Rooms at membership fees, unrivaled in the industry.When looking for new investment opportunities, StockTwits is a great place to start.
