It’s not always easy to decide what to do, especially when money is at stake.
You could always take your neighbour’s advice, or follow influencers on Twitter, but you will not be guaranteed the best results since these sources are not always reliab
So why not have a “Facebook” for trading?
A place where each trader can post their trades and their outlook on market developments.
This might be a good idea but, once again, reliability is uncertain.
How can this be remedied?
First possibility: a voting system for example, like a review left on Google. This is a good start, but some users might be tempted to leave a fake review (positive or negative, to boost or tarnish reputation)
Second possibility: an algorithm that directly attributes a score to a position posted by a trader.
The trader indicates an entry price, exit price and a date.
Once the date is reached, a score is automatically attributed to the user.
A reliability score can be attributed to a user by averaging their trade scores.
In our opinion, this is the only valid method to obtain the highest possible reliability.
But why would users post their positions and opinions about market developments?
Some would share in order to get other opinions and some to make money.
How? Users posting positions can publish some for free, but also some (or all) for a fee. Each user will be free to do as they wish.
In this sense, we have found the ideal partner: Shillerz.
A partnership?
Shillerz offers the beforementioned features, so we decided to collaborate with them to offer you a community trading feature directly integrated into the exchange.
The Shillerz integration will be completed as of Q2 2020.
You will be able to post your positions directly from the exchange if you like, or follow your brother or even a complete stranger.
Do you have any questions?
There are answers there: Liqio Telegram
