We live in a generation of sharing. People share their thoughts on twitter, they share their photos on Instagram, and they share their entire lives on Facebook. So why not share their shares in a company? A new app called Copyop does exactly that. It takes the stock market and makes it a social network.
If you have any experience with the stock market then you already know how complicated and intricate the entire system can be. There’s an endless amount of information and it can be hard to translate that information into anything valuable. Copyop is founded on the idea that the stock market can be more accommodating for beginners by making it easier to pool resources and to improve the quality of information through sharing.
Beginners will be thrilled because the app gives them access to information they would otherwise lack. They can watch the strategies and methods of experienced traders to help them determine their own trade strategies as well as being able to easily parse information. The app also helps beginners connect to other investors by offering the ability for people to pool resources together. This creates a safety net by sharing the load and gives beginners an opportunity to get in on transactions they would otherwise be priced out of.
Experts will also find value in the app since it brings together a large community of knowledgeable investors and traders. The information shared is always valuable and the streamlined, slick app makes it easier than ever to check up on portfolios.
If you’ve ever been hesitating to join the stock market, this might be the foothold that you’ve been looking for.
Read the full article here: The emergence of social trading