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I’ve been noticed twitter getting really popular and coming from under the shadow of a useless gimmick to be potentially quite useful. Personally I have my doubts.
If you’re not familiar with twitter, it is one of those web 2.0 apps which allows you to broadcast to the world little snippets. So you can tell the world: “I’m having a peanut-butter sandwich.” or “My jello pudding-pop just fell down.” Ultimately it’s about communication: real-time, fast, easy and cheap. In the hands of pre-adolescents it’s inane. But what about traders?
One challenge that that most traders have is that they are isolated. While most traders are proud to be on their own, this can get to you after a while. So a few have been putting these twitter widgets on their blog and sharing with the world (in almost real time) trading tidbits.
So why not use something like Gizmo VOIP to connect a group of remote traders in a conference call? Wouldn’t that be much more productive? With a headset you’d have your hands free to, you know, trade and to keep the chatter down you can mute your mic until you have something to say. Like twitter, it is free and blazingly fast (who can type as fast as they can talk?) . And unlike twitter, you get instant feedback (two way communication).
Sure, twitter is the hot thing right now (read: fad) but I think a real time voice chat is much more effective for traders. Of course, you would have to keep the group faily small and invite only (same as twitter). What do you think?
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