It’s Klout for traders. Ok, so you may not of heard of Klout, but Klout is a fairly popular (especially in the tech world) website that rates social media influence. Users connect their social media accounts such as Twitter, Facebook, and Linkedin and are then rated between 1-100 on their influence.
In a similar concept, new startup TradeSlide has developed a product where traders report their trading, are diagnosed for invest-ability and use their rating to establish credibility with investors, or simply for bragging purposes. Aspirants of all levels are additionally offered a challenge to improve from any starting point, one step at a time.
The company was founded by brothers Javier and Juan Colon, to offer freelance traders 3rd party credibility.
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According to Juan Colon, the rating system assesses track-records for key skills (risk management, discipline, etc.) to answer whether the trader’s performance and strategy is worth investors’ capital?
To help aspiring traders reach “investable” status, TradeSlide offers the Tradeslide Challenge: a roadmap that guides committed traders from Newbie to Expert in a sequence of actionable steps, all while they trade. Juan Colon described the rationale for the Challenge: “There is a clear roadmap to become a doctor, lawyer, etc. Becoming a trader is too much of a hit & miss affair, as a result of which too many quit too early in the process. We think our score & challenge offer great promise in enhancing trader lifetime values, investor volumes at PAMM accounts and social interaction between traders.”
The startup starts by invitation only Beta from March 4th. In addition to their product for individual traders, TradeSlide is also looking forward to partnerships with brokers, trader forums and education providers in the future.
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