3 Fintwit Twitter Trading Tips

By Carl Paraskevas, Chief Economist

Fintwit is the Most Overlooked Resource for Traders

Fintwit stands for financial twitter community, which when harnessed correctly grants access to breaking market news, economic and other fundamental research, technical analysis, and a whole lot more – all for free. Using fintwit enables you to tap a more diverse range of reputable sources than traditional paid news providers like Bloomberg or Reuters. Here are my top three tips on how to get the most out of Twitter when you trade:

#1 Straight to TweetDeck

If you have any familiarity with Twitter and the Fintwit community in the past, you may have noticed that your basic account timeline is not always in chronological order in terms of posting date. That’s a big deficit if you are trading financial markets where timing is everything. Tweetdeck is a free web or downloadable application from Twitter allows you to track your own Fintwit feed in real-time and a whole lot more. Additional key features include customisable search feeds, filtering, and list integration.

#2 Lists & Dollar Signs

Lists are probably the single most powerful tool for any trader using Twitter and the fintwit community. These are a curated list of Twitter accounts on a particular subject. My most favourite Twitter list is the Squawks list created by @ExanteData, which basically gives you tweets from real time market breaking news providers without paying a big price tag. But the available lists on Twitter are virtually endless. Here is a great article on how to find the l relevant lists for the markets you are trading.

Meanwhile, you probably heard of hashtags (#), but did you know that the $ sign is also used in front of financially related tweets (i.e. $GBPUSD). Mix your hashtags, $ signs, and lists on your Tweetdeck to better refine your Fintwit searches.

#3 Go Pro with EarlyBird

Even if you master Tweetdeck, lists, # and $ signs, the fintwit community is an immense multidimensional universe. Hence why it doesn’t hurt to have some systematic help in place. The EarlyBird Twitter services available free to the VARIANSE MT4 platform is just such a tool. Powered by NLP (Natural Language Processing) algorithms, EarlyBird matches the most relevant and authoritative tweets to your watchlist instruments or hundreds of relevant subjects of your choosing. This type of Twitter filtering and matching service was previously only available on platforms like Bloomberg and Reuters Eikon. To find out more about EarlyBird on the VARIANSE MT4 platform click here.

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