If you're an active Twitter user, you can gain market insights just by following these accounts. They're managed by experienced stock traders with great influence on the platform.
Twitter is a social media platform for celebrities, activists, politicians, and other public figures to inform and educate their audience or publish important information. But who would have thought that the California-based social networking company could become a place for every serious trader who wants valuable information like a Bloomberg terminal?
Currently, they use social media, especially Twitter, as a source of information for stock recommendations and macro news monitoring. Traders only have to follow the right accounts to access such knowledge for free. Usually, the accounts are created and managed by professional traders and investors who specifically build their followers on social media platforms. Not only do they motivate you, but they can also give you insights and signals on what and when to trade stocks.
With that in mind, here is a list of the best stock traders on Twitter to follow:
Peter Brandt (@PeterLBrandt)
Peter L. Brandt is considered a legendary stock trader, having a well-deserved reputation in the world of finance with over 45 years of trading experience. As a well-known financial analyst amassing more than 694k followers, Brandt attests to his skill and experience in his bestselling books "Trading Commodity Futures with Classical Chart Patterns" and "Diary of a Professional Commodity Trader", both of which have been well-received by his followers and fellow traders.
Barry Ritholtz (@ritholtz)
A newspaper columnist, author, blogger, and equity analyst, Barry Ritholtz is also the host of the Bloomberg podcast Masters In Business, a show interviewing influential figures in the market, corporate, or finance. He has been named a top 15 business journalist, author in an investment column for the Washington Post, and chairman and CIO of Ritholtz Wealth Management. With over 200k followers, Ritholtz helps traders by tweeting educational podcasts, the latest trading news, and other information.
Jim Cramer (@jimcramer)
Jim Cramer, best known as the author and host of CNBC's Mad Money, is one of the world's top day traders with 2 million followers on his Twitter account. A former hedge fund manager, he provides valuable information about the stock market for traders.
Mohamed A. El-Erian (@elerianm)
Mohamed A. El-Erian has many resumes desired by any trader. In addition to being chief economic adviser at insurance company Allianz, he was a New York Times bestselling author and chair of President Obama's Global Development Council from 2012 to 2017. On an account with 607k followers, El-Erian tweets about economic topics and uncovers tricky issues influencing financial markets.
With over 498k tweets and over 1.5 million followers, Zerohedge made headlines when his account was suspended by Twitter. That suspension has been restored recently due to citing mistakes when the account paved the way to offer an alternative stock market perspective to other mainstream media outlets. Moreover, he shares in-depth trading views to provide valuable content.
Paul Krugman (@paulkrugman)
A Nobel Prize winner and New York Times Columnist, Paul Krugman is an economics professor who mostly tweets about new economic geography theories and US policies to explain government agendas impacting world commerce. Although his figure is controversial, he has a pretty accurate analysis with more than 4.5 million followers on verified Twitter accounts. He has also written or edited 27 books, including "The Return of Depression Economics" and "The Great Unraveling".
Steve Hanke (@steve_hanke)
Verified tweeter with 614.3k thousand followers, Steve Hanke, a professional forex and commodities trader, regularly shares his views and thoughts on trading news and issues. Professor Steve Hanke is also an economist at Johns Hopkins University, America's first research university, and a regular columnist for Forbes. Many traders turn to Hanke for advice on stock trading because of his understanding of inflation that occurs in current economic conditions worldwide.
Joe Weisenthal (@TheStalwart)
Joe Weisenthal is an active trader, editor of the Bloomberg Business Account, and Co-host of the Odd Lots podcast with 337K followers on his Twitter account. One of the most helpful things he does is post on hot topics about trading, markets, and the economy with attractive topics like consumer confidence data and trading in overseas markets.
Ashraf Laidi (@alaidi)
Ashraf Laidi is known as a trading strategist and author of several publications on "Currency Trading and Intermarket Analysis", including other several independent publications for his work like FXStreet. With more than 70K Twitter followers, Laidi frequently posts about market news and geopolitical movements affecting market prices.
With 1,225 Followers and 4,782 Tweets, Asktraders.com offers its followers a sequence of tips and observations to help them build solid stock trading. As one of the best trading news accounts, Asktraders regularly posts the latest news and trading guides with analysis and strategies from live expert traders.
Twitter is not only a microblogging platform for sharing daily stories with followers but a platform for stock traders to find information by viewing or following tweets from other traders. There are three types of information traders generally share on Twitter:
- Insightful stock market analysis.
- Latest financial and trading news.
- Guidance for traders finding their way when opening positions in the stock market.
Therefore, if you are interested in becoming a successful stock trader and are active on Twitter, you can kill two birds with one stone by following some recommended stock traders to gain insight into their view of the current market situation.
If you're looking for more traders to follow, there are other popular recommendations in Top Traders to Follow on Social Media.