Social Day Trading Comes to Facebook

GangTrading has launched a beta version of its free Facebook social trading application allowing intraday traders to share statistics about long and short trading positions among private groups of trusted friend traders, dedicated trading groups and a global trading community.

According to GangTrading, market movements are driven by change in the supply and demand balance, which results in swings among traders. Using the app, registered day traders can see on which side their friends, colleagues and the trading community at large are making trades – who and how many are on the short and long sides and in which direction they are moving.