To “Tweet” or Not to “Tweet”….

While I like to think of myself as fairly tech savvy, I have to admit that Twitter was something I didn’t really “get”!  From all appearances in those first few years, it seemed to be a great way for junior high school students to deeply annoy their teachers.

Well, it turns out that Twitter has grown up and, among other things, is a phenomenal resource for active intraday traders of all types.  You can elect to receive information from news sources and web content providers in record time and there are several platforms/dashboards that you can use to categorize, organize and define who you follow. 

One such site that I highly recommend is Stocktwits.com (although TweetDeck.com has a strong following as well).  Once you sign up with Twitter and select the people and/or organizations that you want to follow, their platform can stream your personal Twitter Timeline as well as picking streams from specific markets.  For instance, a EUR/USD trader can plug in that ticker symbol and receive a separate aggregate of all Tweets that note the Euro Dollar in real time.  You could use it to follow a variety of instruments, including (but not limited to) the S&P 500, Apple, Crude Oil or the 10-Year Treasury Note....in fact anything that has a ticker symbol!

I do have to caution you though, it can be overwhelming to receive so much information especially to the new trader.  I try to edit my list of people that I follow at least once a month and delete anyone who doesn’t provide the content that I feel is useful to my trading.

If you want to see who I’m currently following, go to Twitter and search for @womentradeforex.  Who’d of guessed you could get outstanding information in 140 characters or less….