In today's New Product Spotlight, we take a look at BestStock.co. The multi-asset trade idea platform rates analyst and user generated trading calls to create a portal for investors to find qualified trades.
Earlier this year, we wrote about TradeSlide, and its system of rating traders and providing Analytics and tips for them to become better traders. Using a similar, but different approach is BestStock. Unlike Tradeslide, where users connect their accounts to the product, BestStock grades trade ideas. With BestStock, users share their trade ideas, providing buy/sell recommendations, rationale behind the trade, timeframe, and price targets. Trades are then analyzed to calculate their performance. In a way, BestStocks can be compared to a combination of StockTwits and SeekingAlpha, that is integrating with a trade grading feature.
Adjusted Performance
According to the company, the product aims to analyze more than just the ultimate percentage performance of the trade idea. The grading is done via what BestStock calls their “alpha capture system”. According to BestStock, “The term alpha capture refers to the aim of such systems, to help investors find market-beating returns on investments. For example, a trade idea might be live for 100 days and be profitable. However, traditionally, if that idea lost money for 99 days and on day 100 made up for those losses, it would be considered a success. “
The company though, believes that such an approach is flawed. Explaining to Forex Magnates the problems with focusing strictly on performance, Nico Black, BestStock Founder and CEO, stated to Forex Magnates that “We expect analysis to reflect not incidental fluctuations in stock price (lose 99 days, profit day 100), but a core understanding of value investing. The money you wasted in non-providing returns for 98 days, should have been put to better use somewhere else. An analyst should have posted a buy/sell recommendation on day 99, with expecting profit moving forward from 100 onwards. This is how our rating rewards analysts, for fundamental, not technical analyses.”
As a result, BestStock utilizes a grading system that looks for daily open and close rates, growth/decline trajectory and investment time frame. Based on those parameters, they produce a grade range included, that allows the investor to focus on the top performing ideas and analysts in turn.
Third Party Ratings & Newsletter Marketplace
Leveraging its rating system, one of BestStock’s goals is to become a destination for investors to find qualified analysts and traders. Part of this plan includes the rating of analyst trade ideas from third-party investment websites. In addition, Best Stock is creating a virtual ‘Newsletter Marketplace’. Looking to replace the existing fragmented sector of investment newsletter services, BestStock will soon be allowing users who receive high grades to ‘lock down’ their ideas and sell subscriptions to their analyst. Analysts are also able to create profiles to promote their backgrounds and services to prospective subscribers.
In this regard, BestStock considers it part of a small, but growing group of startups such as WealthFront, MotifInvesting and YCharts, that are bringing innovation to the retail investing space.
The article is part of Forex Magnates' 'New Product Spotlight' posts. Previous write-ups:
Earlier this year, we wrote about TradeSlide, and its system of rating traders and providing Analytics and tips for them to become better traders. Using a similar, but different approach is BestStock. Unlike Tradeslide, where users connect their accounts to the product, BestStock grades trade ideas. With BestStock, users share their trade ideas, providing buy/sell recommendations, rationale behind the trade, timeframe, and price targets. Trades are then analyzed to calculate their performance. In a way, BestStocks can be compared to a combination of StockTwits and SeekingAlpha, that is integrating with a trade grading feature.
Adjusted Performance
According to the company, the product aims to analyze more than just the ultimate percentage performance of the trade idea. The grading is done via what BestStock calls their “alpha capture system”. According to BestStock, “The term alpha capture refers to the aim of such systems, to help investors find market-beating returns on investments. For example, a trade idea might be live for 100 days and be profitable. However, traditionally, if that idea lost money for 99 days and on day 100 made up for those losses, it would be considered a success. “
The company though, believes that such an approach is flawed. Explaining to Forex Magnates the problems with focusing strictly on performance, Nico Black, BestStock Founder and CEO, stated to Forex Magnates that “We expect analysis to reflect not incidental fluctuations in stock price (lose 99 days, profit day 100), but a core understanding of value investing. The money you wasted in non-providing returns for 98 days, should have been put to better use somewhere else. An analyst should have posted a buy/sell recommendation on day 99, with expecting profit moving forward from 100 onwards. This is how our rating rewards analysts, for fundamental, not technical analyses.”
As a result, BestStock utilizes a grading system that looks for daily open and close rates, growth/decline trajectory and investment time frame. Based on those parameters, they produce a grade range included, that allows the investor to focus on the top performing ideas and analysts in turn.
Third Party Ratings & Newsletter Marketplace
Leveraging its rating system, one of BestStock’s goals is to become a destination for investors to find qualified analysts and traders. Part of this plan includes the rating of analyst trade ideas from third-party investment websites. In addition, Best Stock is creating a virtual ‘Newsletter Marketplace’. Looking to replace the existing fragmented sector of investment newsletter services, BestStock will soon be allowing users who receive high grades to ‘lock down’ their ideas and sell subscriptions to their analyst. Analysts are also able to create profiles to promote their backgrounds and services to prospective subscribers.
In this regard, BestStock considers it part of a small, but growing group of startups such as WealthFront, MotifInvesting and YCharts, that are bringing innovation to the retail investing space.
The article is part of Forex Magnates' 'New Product Spotlight' posts. Previous write-ups:
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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