Thursday, May 13, 2010

Trading Through FM

This is an idea basically for metro cities or where FMs are available. we all know that FM has become quite popular in most of the metro cities and people are quite addicted ( interested) to it . But one thing is common in all FM stations and that is all the FMs broadcast only songs ( though in different languages )... well it is true that people want to listen songs in their free time or while travelling . But the adverse part of this situation is that people are not bothered about any particular FM or in marketing term they are not brand conscious. but i am surprised whether there is only single use of FM or are we limiting the scope of FM. why can’t we use FM in some other way? while analyzing the different ways , i am zeroed down to one of the most useful way of using FM which i find it interesting and think that there is a vast scope of it .

I want to use FM for trading . We have seen that as Indian economy is growing, more and more people are getting involved in trading . But main problem in trading is that we need to have continue access to the market price of particular script and it is impossible for a working class professional. Basically as on today there are only two popular sources are available to know the share price of a stock. One is television and other one is computer. People cannot sit continuously in front of their television as they have to go for their work. Now other way is computer. people who are working in service industries do have access to the computers but most of the time either these kind of site are blocked or their Boss will mind if he finds his subordinate doing it . Now it is another case if boss himself is doing
trading in his chamber :)..

So which is the technology which can be kept most of the time . Well it is our Mobile phone. Easy to carry and access. People would be able to access even they are travelling in metro trains or sitting in their office. What require is to get subscription of stock prices from news channel ( like CNBC Avaz or NDTV profit ..) .People are not interested in seeing the face of Udayan Mukherjee which takes most of the band width. People are only interested in his idea's or people want to listen expert’s comments, they are not at all interested in their faces. What they want to see is the stock prices. Which can be shown on the screen of mobile phone ,It can be shown like the way it is telecasted in television ( in a continuous scroll) and expert’s voice can be listen through ear phone. So overall we need to have two things
1. Stock prices and views of experts which can be subscribed from
various news channels
2. Band -width

i dont know why any news channel is not doing this or they are waiting for 3-G to come which is not required at all, whatever would be the reason, they are missing a huge opportunity to earn profit

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