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Internet Chat Sites....
 
So you want to talk other deranged caffeine fueled loonies up at 2am in the morning working out whether the BHP chart looks like a buy or even the face of Elvis if you hold it upside down and squint a bit. Here we go.
 
The biggest is probably Hot Copper, a diverse bunch of sometimes over enthusiastic and loud speculative traders. Being the largest site you get the full range contributors. There's chartists, gold bugs, gamblers, novices, pro traders, loonies and possibly the odd ramper. However there are some good experienced traders who have been on this site for a long time and hence a wealth of experience and information.
 
Egoli is a smaller quieter more polite but well informed community. Run by Shaw Stockbroking. Older members I would guess.
 
Stockcentral is where you go for all the real technical stuff. This site has a huge library of really good content. Loads of Metastock indicators, systems and experts, really good discussion on all the technical aspects of trading. According to themselves "StockCentral is Australia's ultimate share investors' community network and resource centre"....can't really disagree.

How to use a chat site.
 
  • Take time to work out who are the knowledgable and who are the loonies
  • Everyone will be biased and over enthusiastic about their own stocks.
  • A ramper is someone who uses chat sites to spruik promote or even damage a stock for their own gain. there are professional rampers so beware.
  • Read and listen a while before you hit the keyboard with your input. That way you will learn the etiquette and rules of the chatroom. 
  • Don't take what you read as gospel. ALWAYS do your own research.
  • Chat site content is chat and rumour not financial advice. Do not mistake the two
  • Finally when you chose your nickname remember "Phartybottom" might look funny on your first post but might not work when you meet some of the guys socially.

Featured Chat Sites
 

Other Chat Sites
 
 

U.S Chat Sites

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