Best Stock Trading Chat Rooms

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Contributor, Benzinga
July 28, 2024

Want to jump straight to the best? Benzinga readers choose Highstrike as their preferred stock trading chat room.

Stock trading chat rooms offer an excellent opportunity to learn new techniques and even get some actionable info for successful trades. Just remember, the internet is full of con artists, and finding a credible chat room can be difficult, especially if you’re a novice investor. Find the best stock chat room by reading the article below.

Quick Look at the Best Stock Chat Room Options:

Best Trading Stock Chat Room Options

Check out the trading chat rooms that traders can't stop talking about!

1. Best for All Trading Levels: Benzinga Pro

The chatroom in Benzinga Pro is for you if you’re looking for something that will not only give you access to a chat room, but access to several other stock news and research tools. It’s a great start for beginner to advanced traders. 

The traders in the chatroom are a community of full and part-time traders. Since Benzinga Pro is focused on stock market news, many of the traders talk about and react to market-moving news. The traders in the chatroom also discuss their positions and give advice or opinions to others in the chat. 

Start a FREE trial and Join the Stock Picks Inner Circle.

Why We Picked It: Benzinga Pro's "Benzinga Squawk Box" offers live audio commentary on breaking news and market events, making it a valuable resource for traders seeking to capitalize on timely information and expert insights.

2. Best Overall: Highstrike

HighStrike’s Trading Room offers an interactive, educational community with daily live trading sessions led by funded trading instructors. Members receive a daily watchlist, daily live audio from HighStrike’s instructors sharing what they see in the markets, what they’re watching, and their trade ideas for the day. Instructors also hard signal their own live trades with exact entry and exit points throughout the day.

Members can also share their own trade ideas and get feedback from HighStrike’s instructors - or from other community members with funded credentials. HighStrike’s instructors trade stocks, options, forex and commodities. There are educational and live trading sessions each week as well. Overall, HighStrike emphasizes the benefits of a true community, with over 10,000 members and a big focus on collective education making it a great trading resource for traders of all types.

Get a 50% discount when you check out by using the code: BENZINGA50.

Why We Picked It: HighStrike offers a premium chat room with real-time trading signals, daily watchlists and direct access to experienced traders, making it a valuable resource for both novice and seasoned investors looking to improve their trading strategies.

3. Best for Swing Trading Chat Room and Education: The Swing Trading Club

The Swing Trading Club hosts a robust Discord chat room where investors just like you can learn from other investors about swing trading. The Discord server is designed to help you learn the trade, share ideas and keep up with market news.

Hailed as a community of traders, you will also see helpful tips in the Discord server, including:

  • Watch lists
  • Swing trade alerts
  • Tips and information from like-minded traders

You can register for $19 per month, get all the data you need and become a much more savvy swing trader.

Why We Picked It: The Swing Trading Club's active community of over 10,000 members, daily watchlists and real-time trade alerts make it a top choice for traders looking to capitalize on short to medium-term market movements.

4. Best for Experienced Traders: Eagle Investors

Eagle Investors is a unique investment research platform. You don’t make trades on the site—you learn about your trades. There are several alert channels and chat rooms available, moderated by expert traders.

You can register for free, or you might step up to a Silver or Diamond account. Aside from the chat rooms and alerts, the site offers information and statistics on its alerts. You can see how successful the site has been over long periods of time. Plus, you can check out the blog or review the education section if you’re new to options trading.

If you want to test out of the site, you can register today and compare Eagle’s information to other sites or platforms you’ve used in the past.

Why We Picked It: Eagle Investors offers a comprehensive suite of services, including real-time trade alerts, daily market analysis and access to proprietary trading algorithms, all for a competitive monthly subscription fee of $67.

5. Best for Live Options Trading Room: ShadowTrader

New to options or want to take your game to the next level? ShadowTrader offers 3 options advisories for all skill levels, each just $49 per month.

Traders can choose from Weekly Options Advisory, Time Spreads Advisory or Beginner Options Advisory.

Attend live sessions in their Pro Trading Room and also receive real-time trade alerts to your mobile or tablet through a dedicated app. Click the 'Get Started' button to receive a FREE options training video.

Why We Picked It: ShadowTrader's daily live-streaming pre-market video, available at 8:30 AM ET, provides actionable trade ideas and market analysis.

6. Best for Day Traders: TrueTrader

TrueTrader is more than just a chat room. When you visit TrueTrader, you learn how to invest, get stock alerts, can screen share with experts and slip into the chat room to discuss your trading patterns and the markets. Even after taking the masterclass course, screen sharing with 2 experts and checking out the scanners, you can use the chat room to:

  • Learn from investors just like you
  • Ask questions you would be afraid to ask elsewhere
  • Discuss your trades
  • Compare trades with others
  • Build relationships with other traders

You can start on TrueTrader with a 5-day free trial. After that, you can pay $1195 for yearly access to all of TrueTrader’s content or pay $295 upfront and $99 per month after that.

Why We Picked It: TrueTader stands out as a stock investing platform due to its cutting-edge AI technology that analyzes market trends and suggests personalized investment recommendations based on user preferences.

What are Trading Chatrooms?

Remember chatting on AOL chat rooms back in the 90s? Sure, they may seem primitive in the age of Twitter and Instagram, but this was the most popular way to communicate back in the early days of the internet. Chat rooms put a bunch of strangers together to share ideas. The investment community has been a meeting place for new ideas for decades, so naturally, trading chat rooms were born.

Trading chat rooms are online hangouts where individual traders can converse and share ideas. In an industry full of pros looking out for themselves, trading chat rooms offer spaces where investors could learn new strategies, ask questions, and develop a trading style. Moderators control the chat programs and help police for malcontents. Most services also charge a fee, which further deters trolls.

Price structure and chat style can vary, so make sure you know what type of trading you want to do before signing up for any specific room and seek out opinions from current or former users.

Pros of Stock Chat Rooms

Chat rooms can be a big boost for traders, especially those who are just starting out. Here are a few of the advantages:

  • Learning opportunities for new traders: Novices can learn the ins and outs of the market from brokers—pros who have years of experience.
  • Lots of eyes on the market: Even the most sophisticated investors can’t watch every corner of the market. Chat rooms offer dozens of people who watch individual stocks and relay information.
  • Community of support: The life of a full-time trader can be an isolated and stressful one, especially when the market goes sideways. Trading rooms provide a place for you to vent, share stories and pick each other up after you make mistakes.

Cons of Stock Chat Rooms

Not all trading chat rooms will steer you in the right direction. Here are a few red flags to consider before getting a membership to a room:

  • Membership fees: To prevent trolls and other malicious users from joining, most rooms charge fees. Nothing good is free, but this is an instant cut into any profits.
  • Lurking scammers: Carefully vet your chat options and make sure scammers and manipulators are quickly ousted.
  • Bad ideas spread quickly: Chat rooms have the capability of spreading good as well as bad ideas. Fact-checking is a must.

What to Look for in a Stock Chat Room

The best trading rooms all have a few common characteristics. Benzinga used the following criteria to make selections:

  • Quality of information: Look for rooms with well-informed participants who provide substantive analysis. Avoid rooms dominated by hype or unfounded speculation.
  • Moderation: A good chat room should have active moderators to maintain civility and remove spam. Clear rules of conduct help foster productive discussions.
  • Cost: While some rooms are free, paid rooms may offer more features and higher-quality discussions Evaluate if the cost is justified by the value provided.
  • User expertise: Seek rooms with a mix of experienced traders and investors. Be wary of rooms where everyone claims to be an expert.
  • Focus: Consider rooms that align with your investment style (e.g. day trading, long-term investing). Some rooms specialize in certain sectors or types of stocks.
  • Community: A supportive community can enhance learning and provide diverse perspectives.
  • Technology: User-friendly interface and reliable platform are important for a smooth experience.

Tired of Trading Alone?

There’s a plethora of options available, so choose a chat room that aligns with your investment goals, make sure the service fits your trading style and that the price point is an excellent value.

Frequently Asked Questions

Q

Are stock trading chat rooms free?

A

Some are free, while others require paid subscriptions. Free rooms may have limited features or less experienced participants.

Q

Can beginners benefit from stock trading chat rooms?

A

Yes, beginners can learn from experienced traders, but should be cautious and verify information before making trading decisions.

Q

How can I protect myself from scams in these trading chat rooms?

A

Be skeptical of “hot tips,” do your own research, and never invest based solely on chat room recommendations.

Dan Schmidt

About Dan Schmidt

Dan Schmidt is a finance writer passionate about helping readers understand how assets and markets work. He has over six years of writing experience, focused on stocks. His work has been published by Vanguard, Capital One, PenFed Credit Union, MarketBeat, and Fora Financial. Dan lives in Bucks County, PA with his wife and enjoys summers at Citizens Bank Park cheering on the Phillies.