Cyber traders turn to blogging

(02:25) Report
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Aug 21 - As many investors try to find new ways to deal with an ever-changing market, online traders move toward Web 2.0 tools like blogs and podcasts for new investment strategies.

Many sites with a social networking element are online brokerages, but with growth in peer to peer investing two new sites offer the option without the brokerage element.

Diane King reports from New York.

SOUNDBITES:

  • Donato Montanaro, CEO, TradeKing
  • Michael Morris, Director, Program on Social Intelligence, Columbia University Business School