Social Trading is the process of making investing/trading decisions based on content currently available on social networks like StockTwits, Twitter, Facebook, and Linkedin. Social Trading is a relatively new way to make investment decisions. The popularity of these networks has made it easy to share as well as gleam up to the minute market information.
Social Trading competes with as well as complements mainstream news sources like CNBC, Routers, and Bloomberg. Big companies like Dell Computer have recently gone as far as posting their earnings on StockTwits before releasing them to mainstream news sources.
Trade-Ideas assists in Social Trading by having access to data that is streaming on the social networks. Traders who use Trade-Ideas are able to spot unusual and interesting price action in any stock or ETF that is being actively discussed.