It’s a social network, but don’t expect any updates on what your pals had for lunch or profile pics of babies. TradingView, launched in September, is a resource for investors to get trading ideas, research stock charts and the foreign exchange market and get feedback from fellow investors. The service is the brainchild of Westerville-based MultiCharts, created in 1999 by Russian developers who built trading platform software for investors. (While MultiCharts moved its HQ stateside, programmers remain in Russia.)
TradingView Chief Operating Officer Stan Bokov says the network fills a void in the investing arena: “If I just want to look at a quality chart from anywhere in the world, how do I do that? There’s no such technology available right now.”
Beyond posting to www.tradingview.com, investors can use the service’s cloud-based tool to drop interactive charts on blogs, Twitter, Facebook and elsewhere. Bokov says Google Analytics reports TradingView gets 1,500 unique visitors a day who spend an average of 20 to 25 minutes on the site. “People are digging in,” he says.
Traditionally, investors learn about the markets by reading news and analysts’ predictions. TradingView wants them to learn from each other. Users can predict a stock’s performance, and peers can comment and rate the projections. Interacting with others “is the ultimate way to improve, especially as an investor,” says Bokov.
The website and its basic tools are available for free; developers expect to generate income from a to-come app store that will offer enhanced real-time data and trading ability. As of early January, the service was limited to U.S. markets but Bokov expected to add Canada, London and Europe in the coming weeks.
Reprinted from the February 2012 issue of Columbus C.E.O. Copyright © Columbus C.E.O.