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This article was written by Lior Nabat, CEO of Tradency.
‘The wisdom of the crowd’ is defined as the collective opinion of a group of individuals rather than that of a single expert. In our trading industry the wisdom of the crowd is portrayed by what we have come to know as ‘social trading’. Social trading has proved to be ineffective in the trading arena. Why is this so?
There are 4 core elements that are essential in order to turn the wisdom of the crowd concept to a real working model:
1. Information Gap – propagation of critical ... (read more)