We have known financial sectors are very sensitive to news and information. Most of time rumors, issue, innuendo, gossip or hearsay may affected market. That is why financial sectors need experts opinion in order to clarify those rumors. Opinion from the prominent pundits will make the news and information make sense and elligible. We always see every financial news surely have one or more financial maven accompanying the news anchor commenting on the news.
However, financial news most often takes some time to gather experts opinion. While a split second decision in financial market is a crucial one between profit and loss. Fortunately, we have an option to have financial maven opinion at the time we need, with the experts chat.
What is Experts Chat
Imagine there is a high volatility in the market and there is nobody can comprehend the cause and how to deal with that. Most often financial news, whether television, radio or other news media, they will take more than one hour to confirm the situation to financial aficionados. Meanwhile markets may have gone wild and people may start to panic. Experts chat will provide something that financial news unable to do: experts opinion right at the incident.
One recent example is the circuit breaker system used in China’s stock market starting the 2016. The system is put in place to halt the trading when a stock price go down rapidly to prevent further losses. Financial authority in China deemed it necessary to have a circuit breaker system, in order to inhibit another stock market crash, just like in June 2015. Nevertheless, China Securities Regulatory Commission (CSRC) sets the value lower than usual at 7%.
On the first day of trading in 2015, the trading was halted because index fell to 7%. People started to wonder why is happening. Then two days later, on Wednesday, January 6, in just 30 minutes after market opening, trading in Shanghai and Shenzen stock market was stopped suddenly. This creates a global financial panic, because China is the second largest world’s economy. When something happens in China, it will affect the global finance and economy.
During that time, experts opinion is what the market needs. Global financial news could react accordingly when experts have given their views on the situation.
Why Experts Chat
When news station, either television, radio or other media are interviewing a pundit, they will need a lot of preparations beforehand. They must set up the equipment, audio and video, camera and others. This will add to more time being spent for preparation, resulting the news to deliver a little late. While an experts chat does not need to have that much preparation. Financial pundit that is invited to an experts chat session just need a laptop or computer to be able to join experts chat. When the experts is on the mobile, he can even use his tablets or smartphone.
What a fast and convenient way to gather experts opinion.
Let us go back to what happened in China’s stock market during the first trading week of 2016. Following the sudden halt of trading in China, global market reacted violently to such unknown situation, triggering a bearish market sentiment around the world. After the China’s incident, stock market around the world started to drop consecutively. This happened for more than a week, even Dow Jones Industrial Average (DJIA) also fell 8.2% after the incident that incite panic sell-off from the investors.
During that time, news station need time to prepare a breaking news section. They need more time to prepare experts opinion to respond to that event. Financial news service such as Bloomberg, Wall Street Journal and CNBC took some time before they can contact an expert to provide insight. Meanwhile the market has already started to panic before the expert stated their views.
This is why experts chat can be very convenient way to provide information. Once we have a chat room for our trading group, we can contact experts and invite them to give their opinion regarding the matters. What we need is just a simple setup in our chat room to make it the right place for an expert opinon.
How to Setup Experts Chat
Setting up the chat room to accommodate financial maven contributing their opinion is very simple. This link will give you a complete and simple howto to prepare and setup your experts chat.