Computer Support Blog

According to economists, there is ample demand for a social blogging service that targets stocks, trading, and financial information.  While there is already plenty of similar data all over the Internet, Stocial is different, working to make stocks social.  Its developers intend it to be, in their own words, a one-stop shop for all financial news, including stocks, analysis and financial journalism, all curated in a live feed.  It does this by having an updated news feed that incorporates Twitter, StockTwits and Yahoo! Finance, as well as similar financial news sites and tickers.  It goes even further, though, gathering information from your friends, family and followers as well.

Stocial works much like other stock market-themed websites with one main difference: the app has a built-in virtual market so that, rather than working within real financial markets, users can sign up and begin trading amongst each other on Stocial. There is real money at stake through contests hosted by the website, so users should be sure to be mindful of Internet security and keep personal information private.  Still, by “gamifying” the process, users can win money without losing any, so the app can be a training ground for users looking to work in real markets.

Stocial provides users with real-time stock market updates, helping them quickly gather the information they need to make good decisions about how and where they invest their money. Stocial also shows users trending social sentiment, allowing them to gain more insight from real people who are investing. The homepage features real-time trends, stock forecasts and a form that allows the user to pick a stock to win real money. You can switch between tickers of major companies like Google, Amazon, Apple, and more. Through Stocial, users can see what experts are saying and follow them on the site.

Stocial also provides universities with their own version of the app, including private pages and a trading platform to help educate students in finance.  It offers students a dashboard for stock news combined with a private social network, providing an educational platform for students to learn trading and to share ideas.  Stocial keeps its universities section separate from the main site to create a private Facebook-like wall within schools.  Since using a laptop is ideal for most students, laptop repair may be important but not vital, since they can still access the app from any computer or mobile device.

Stocial’s homepage has three main sections.  One displays information on user-selected stocks, another displays stock-related news as it occurs on various news outlets and Twitter, and the third adds the social element.  One of the more interesting features is the “Stock Pick” feed that tracks which stocks people are picking and sharing on Stocial.  Users can discover new friends and experts based on the stocks they select, and the app alerts people when a Facebook friend joins.  Stocial can serve as an excellent tool for those who want to educate themselves on finance without facing risk.

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Filed under: startups