A Look at Trader Talk
For those unfamiliar with this type of stock trading chat, the chat described above is almost incomprehensible and even a bit intimidating. However, it is a very understandable language – especially for new investor s – and, in fact, is quite common among trading desks. It also provides a great arena for learning by way of practice. As an example, you can learn how to read the chat to determine what stocks are likely to be profitable in the near future.
The term ” Trader Talk” is not reserved for finance nor does it refer to stock-trading. In actuality, Trader Talk encompasses any arena in which people come together to discuss a particular subject. The origin of Trader Talk is probably as a result of the advent of electronic commerce. Almost everyone now has access to the Internet and the ability to chat. Trader Talk is essentially an online forum. The reason it is so popular stems in large part from the fact that it allows for honest and sincere discussions between traders and those who are interested in their advice.
If you are a novice, I would suggest checking out some of the more prominent online trading sites, such as Yahoo! Finance or Scottrade. These sites have a Trader Talk area that is open to all registered members. There is generally a very good selection of knowledgeable subscribers and it is easy to post questions or post suggestions. A few minutes spent here every day can go a long way towards helping you become a better trader.