Using Facebook, Twitter and LinkedIn with Forex Trading

Do you think forex trading is a mystical closed group only for insiders? You couldn’t be further from the truth. In these times it is no longer possible to speak of financial investments as a business only for “the chosen ones”. The Internet and the development of technology have radically changed the financial world and retail is starting to become quite a part of the Forex market. And social networks adopted it quite quickly and opened the door to another type of investor: traders without much financial education. Now everything is published on social networks: your photos, events, interests, likes and dislikes. Virtually your entire life revolves around Facebook and Twitter. That is why companies use social networks so much regardless of their size.

In a highly specialized domain like forex trading, it can become quite a difficult task for a simple trader to exclusively use general social networks to promote their activity and meet people with the same interests. That is why more Forex oriented social networks appeared in the first place. Although the results obtained by joining these communities are much more beneficial than creating an account in general and highly diversified social networks, the advantages of LinkedIn, Twitter and Facebook should not be neglected in any case.

Many of these niche Forex networks offer specific tools and features to measure, analyze and compare your performance, follow other traders and share or ask for advice. Learn new trading techniques, gain new skills, find out what and where you are doing wrong and losing money and but somehow and at some point you need to break this cycle and start promoting your activity to other people.

In general, you should have no problem linking your business account to general social networks like Facebook or Twitter. Most Forex social networks offer the ability to do this with a simple click and accept. Your Facebook and Twitter connections will continuously and automatically receive information about your trades and, most importantly, your LinkedIn connections will also be able to access it. And LinkedIn opens a different door to Facebook or Twitter, that towards professionals in your domain that you never know when you may need. To link your business account to your LinkedIn profile, all you have to do is change the settings in your Twitter account and allow LinkedIn to update your status automatically. What’s even better is that you can tell Twitter which status updates to add to LinkedIn by adding the #in hastag. Simple, easy, and only takes 3 characters out of 140 precious Twitter offers.

So why should you? Because you never know who is out there and you may find your performance interesting, because at some point you may want to attract new traders around you who follow your trading signals and you can make good money out of it (many of these social networks offer the possibility of trading with automated signals) and why not because you want the world to know what you are good at.

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