Even so, what we're seeing is a renewed, albeit conservative, level of confidence among our members who are actively looking for new ways to educate themselves and prosper. That is why the demand for a site like ours is so invaluable right now--so that people have the trusted resources and tools that they need to take risks and succeed, regardless of what the market is doing.
Tampa Bay, FL (PRWEB) July 27, 2009
More than half of the respondents to a market sentiment survey conducted by http://www.TraderPlanet.com, an interactive social networking site for active traders and investors, remain neutral or bullish on the outlook for the stock market, despite the continued volatility in global markets over the last nine months.
More than four hundred http://www.TraderPlanet.com members who trade regularly participated in the survey, which measured feelings about stock performance, as well as their future concerns in light of both the weakened U.S. economy and the aftermath of October 2008's stock market crash. Results suggest that:
- 92 percent view current market conditions as an opportunity and not a threat.
- More than three quarters of respondents intend to increase or maintain their number of trades in the next six months, despite the heightened uncertainty and risk in the markets.
- 52 percent of the respondents see energy as the sector with the most potential for trading opportunities, followed by basic materials (37 percent) and technology (30 percent).
- The investment vehicle with the most appeal was individual stocks which attracted 49 percent of the respondents; exchange-traded funds attracted 48 percent and futures and commodities attracted 35 percent. Many respondents were attracted to multiple vehicles.
- 77 percent believe that gold will be a valuable investment vehicle over the next three years.
- One in five of the respondents are interested in learning more about foreign exchange trading.
The survey was conducted online by http://www.TraderPlanet.com, which launched in January of 2009 and currently boasts more than 15,000 users. The site is dedicated to keeping traders and other like-minded investors better informed by helping them to improve their trading skills with information and education content. http://www.TraderPlanet.com has more than 9,000 blog posts, almost 4,000 market commentary posts, as well as over 500 videos and 600 educational articles.
"As with any investor, our members are susceptible to the adverse effect we've been seeing in the market over the past year," noted TraderPlanet.com founder Lane Mendelsohn. "Even so, what we're seeing is a renewed, albeit conservative, level of confidence among our members who are actively looking for new ways to educate themselves and prosper. That is why the demand for a site like ours is so invaluable right now--so that people have the trusted resources and tools that they need to take risks and succeed, regardless of what the market is doing."
Added TraderPlanet.com Senior Analyst Darrell Jobman, "While there are no magic one-size-fits all answers, our goal is to simply provide a clearinghouse for exchanging ideas and information. As evidenced by the results of this survey, our business model has worked extremely well in a relatively short period of time. Hopefully, this generally positive sentiment among our members--who are generally contrarians and typically more willing to take chances even in a largely bear market--is a by product of what we've been able to offer them so far."
http://www.TraderPlanet.com, a Tampa Bay, FL-based social networking site, provides individual traders of all skill levels a one-stop destination for financial information and trading tools. TraderPlanet.com is the only financial networking site of its kind that offers its members a full suite of market data feeds, advanced technical tools and extensive analyst commentary across asset classes, while enabling members to give back to the broader world community through gift giving to charitable causes. Designed to level the playing field between institutional and individual investors, TraderPlanet.com's fully interactive multimedia platform is designed to promote the free-flow exchange of ideas through questions, answers and comments geared towards improving trading strategies and investment performance.
For more information, please visit http://www.TraderPlanet.com.
Spring, O'Brien & Co.
(212) 402-1676 ext. 208
bethl (at) spring-obrien.com
# # #