Using Facebook, Twitter and LinkedIn With Forex Trading
You think Forex trading is a mystical closed group only for the initiates? You could not be further away from the truth. In today's times, you can not talk anything about financial investments as a business only for "the chosen ones". The Internet and technology development have changed the financial world radically and retail trading is starting to become quite an important part of the Forex market. And social networks adopted it quite fast and opened the door for a different type of investor: the traders without so much financially education. Now everything gets published on social networks: your pictures, events, interest, likes and dislikes. Practically, your entire life gravitates around Facebook and Twitter. That's why businesses use social networks so much no matter their size.
In a very niche domain like Forex trading, it can become quite a difficult task for a simple trader to use exclusively the general social networks to promote his or her activity and meet people with the same interests. That's why more Forex-oriented social networks appeared in the first place. Although the results obtained by joining these communities is much more beneficial than by creating an account on general and very diverse social networks, the advantages of LinkedIn, Twitter and Facebook should not be left aside 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 advice. You learn new trading techniques, acquire 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 circle and start promoting your activity to other people.
Typically, you should not have any problems in linking your trading account to general social networks like Facebook or Twitter. Most of the Forex social networks offer the possibility to do it just by a simple click and accept. Your Facebook and Twitter connections will continuously and automatically receive information regarding your trades and, what is even more important, your LinkedIn connections can also have access to it. And LinkedIn opens a different door than Facebook or Twitter, that towards professionals in your domain that you never know when you might need. To link you trading 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 is even better is that you can instruct Twitter which status updates to add to LinkedIn by adding the hastag #in. Simple, easy and only takes up 3 characters from the precious 140 Twitter offers.
So why should you do it? Because you never know who is out there and may find your performance interesting, because you may want at some point to attract new traders around you that follow your trading signals and you can get some good money out of it (many of these social networks offer the possibility of automatic signal trading) and, why not, because you want the world to know what you are good at.