How Traders Can Utilize
Web Logs (Blogs)
Web logs or "blogs" have become all
the rage on the Internet during the last couple of
years. Movie stars, politicians, pundits, journalists
and everyday folks are creating blogs. So it is no
surprise that traders and analysts are now using blogs
to communicate with their customers more effectively.
A blog is nothing more than an
on-line journal created by an individual (called a "blogger")
– a diary of one person’s market thoughts or a
collection of a variety of items that the blogger thinks
are relevant. A blog is usually updated frequently,
sometimes several times a day. Whereas a web site like
www.TradingEducation.com provides primarily
one-way communication from the originator to a viewer, a
blog not only presents the blogger’s personal
expressions but also gives readers an opportunity to
respond.
In the past there were news groups,
chat rooms, personal home pages and, of course, the
ubiquitous e-mail messages that have become a primary
means of communication in the corporate world. In an age
of MySpace.com, instant messaging and Blackberries, it
was only a matter of time before traders and analysts
adopted blogs as the newest method of getting key
information to their clients as quickly and efficiently
as possible.