Are you active on Twitter and Instagram? Here are 5 top traders to follow in each platform if you want your timeline updated with market news, trading opportunities, and tips from experts.
For Millenials and Generation Z members, getting market updates is no longer limited in conventional ways. In addition to online news from official websites, they can also scour some market information from social media.
This way, they won't be only receiving news content but also insightful updates from the experts themselves. As a matter of fact, some experts have been active in social media to reach a wider audience and communicate directly with their followers. If you're an active social media user, here are some recommended figures to follow on Twitter and Instagram:
Top Traders in Twitter
Twitter has been long become the platform to get real-time news as it boasts speed and simplicity for its users. The number of financial services using Twitter as their main platform to share updates has been growing in recent years, with some major institutions even make use of Twitter to share their official releases. No wonder it becomes the center of breaking news for many topics, including the financial sector.
See Also: 5 Major Banks Offering FX Retail Trading
The prominence of Twitter grew even stronger during Donald Trump's presidency. The Republican figure was a known avid user of Twitter and frequently tweeted his controversial opinions on many topics. There was even a time when one tweet from Trump could trigger major movements in the market.
Now that Trump no longer serves as the US President, does Twitter lose its high impact? Not necessarily so. There are still many well-known traders to follow if you're a trader or investor who also spends a good time on Twitter.
As the inventor of the highly popular Bollinger Bands, there's no denying that John Bollinger is an important figure in the trading industry. His indicator is so impactful that it's made as one of the default indicators of MetaTrader platforms. You can follow John Bollinger in his Twitter account @bbands to get updates on his insights into some technical perspectives about the current market condition. John Bollinger also actively tweets about the crypto markets. His account is active since 2009 and has gathered more than 176K followers per this article's writing.
Following this figure (@MBForex) would provide you with real-time updates on forex and commodities charts. He has many viewpoints that he'd like to share with his 54k+ followers; even professional traders, financial journalists, and many other big financial accounts are on the list of his followers. There's no doubt that Michael Boutros is a prominent figure to follow on Twitter, especially considering his position as a currency strategist with DailyFX.
Not only tweeting insightful analysis, but Rudy Harvenstein (@RudyHavenstein) is also famously known for his witty market outlooks. With more than 75k followers as per this writing, Rudy is always ready to either post or engage in others' tweets with his sarcastic streaks. After all, he regards tweets as his own amusement in his account bio. Despite his jokes, Rudy is actually a financial historian who specializes in inflation. Instead of tweeting about technical outlooks, Rudy mostly talks about market trivia in his tweets, with analysis on monetary policies and inflation as his main focus.
Peter Brandt is a seasoned trader who has been active in the market since 1975. More importantly, he tweeted about charts and trading lessons that he has learned the hard way. Peter Brandt (@PeterLBrandt) currently has 555k+ followers. It is kind of become a must to follow his account for he's not only professional in the way he shares his insights. Interestingly, he is also one of the most active traders on Twitter despite his age.
Focusing on trading psychology and behavioral finance, Mandi (@MPX_Trader) has helped and inspired many traders with her relatable tweets. Sometimes, getting market updates is not all about the technical outlooks, market news, and entry signals. Information about market psychology and attitudes are just as important since many traders have failed to control their emotion because of lack of insightful resources in this matter. As of August 2021, Mandi's followers have grown to 14k+ since she started he Twitter account in 2011.
In addition to the 5 accounts above, there are Kim Krompass (@priceactionkim) and Steve Burns (@SJosephBurns) to follow.
One of the most active price action traders on the internet, Kim Krompass mostly shares her viewpoints on her blog or Youtube videos. Yet, she also manages a Twitter account with more than 12k followers to give updates about market news. She also regularly tweets and communicates with her followers about PATI, a trading institution on Price Action that she developed.
Meanwhile, Steve Burns is the founder of NewTraderU with a mission to share tips for newbies in the financial market. He covers everything from fundamental concepts to a number of technical indicators and how they work under certain market conditions. Since 2010, Steve Burns' Twitter account has managed to gain 390k+ followers.
Instagram's Popular Traders
It has been long known that Twitter's quality is more in real-time content rather than descriptive graphics. This is where Instagram comes. As a social media platform specializing in pictures updates, Instagram has what it needs to be the center for traders to share charts, infographics, or even videos with better visualizations. Furthermore, Instagram provides Story and Live to facilitate real-time updates and platforms for traders to connect with their followers.
With that being said, you may come across a good number of seemingly promising traders' accounts on Instagram. Which one to follow? Here are 5 recommendations to start your journey.
Known as the CEO of Trading Channel, Steven Hart (@thetradingchannel) consistently updates his Instagram account with educational videos on technical analysis. They are mainly videos uploaded in his official Youtube channel, but followers can get more informational captions in the Instagram posts as well as forum-like discussions in the comment section. As of August 2021, there are almost 50k followers getting regular updates from Steven Hart.
Yes. The legendary George Soros is on Instagram and you can follow him in @georgesoros. Unfortunately, his posts are more about philanthropic activities and his remarks on the latest social crisis rather than his insights on the financial market. Nevertheless, it is still a good measure to follow one of the most prominent investors of all time. He only follows 1 Instagram account but gets followed by more than 52k accounts.
Samuel & Co. Trading is the brand company of Samuel Leach since 2012. As a young trading guru, Samuel is able to reach Millenials and Gen z members, especially through his Instagram account. He shares various contents on his platform, from technical analysis, market news, as well as updates on his company. The official account of his company (@samuelandcotrading) has gathered more than 113k followers, while Samuel Leach's personal account (@samuelleach) has managed to attract 380k+ followers.
See Also: 5 Key Tips on Trading with the News
Trading made simple is what this account aims for. The posts always intrigue the followers to comment and discuss as well as share their ideas together. "Arya Trading", the man behind @trade_simple_fx, is a trader coach who keens to share technical outlooks and inspirational trading tips. In addition, there are trading courses offered with a whole packaged of trading education programs, including sessions on mentorship and live trading, not to mention direct support from the mentor itself. As per this writing, trade_simple_fx is followed by more than 64k accounts on Instagram.
Hither Mann (@hithermann), a self-proclaimed public figure is the founder of The Billionaire Project & Fortune Academy. Compared to the abovementioned trading educators, Hither Mann chooses to post pictures that describe her lifestyles rather than price charts with some analytical setups. Nevertheless, she always captions her posts with trading-related stuff. Hither Mann also provides online courses and private mentorship. With her training program once voted #1 by Yahoo! Finance, it has come to no one's surprise that she's able to gather 309k+ followers this far.
Other Notable Accounts
The 5 accounts above are just some glimpses of what you can acquire when searching through Instagram accounts to follow when you're a forex trader. It is worth noting that Millionaire Mentor (@millionaire_mentor), Kiana Danial (@investdiva), and AstroFX (@astroforex) are also recommended.
Millionaire Mentor's posts are about inspirational tips and wise sayings; it is followed by a whopping 7.9m accounts. On the other hand, Kiana Danial is a high-profile female trader known for her diamond analysis. She regularly uploads self-made videos and trading quotes to her 121k+ followers. Last but not least, AstroFX is more of a forex traders' community with more than 161k followers. Their peers are made of individuals from many countries.
Getting updates from your social media platform can be an exciting experience. But if you're not careful in who you choose to follow, you may end up in a devastating situation. Instagram traders are particularly infamous for being convoluted with affiliated marketers who like to give the illusion of being young and rich just to get new clients under their referrals. How so? Explore one of their stories here.