“FinTwit” stands for Financial Twitter and it is a super useful underground layer of Twitter that people in the know are active on. On Twitter, you can search tweets by anything from words to hashtags to $tags.
Why is this useful?
Because we can obtain free insights into some of the most respected professionals in the industry.
You too can turn your Twitter account into a constant feed of the forex markets and financial data on the move. You can do all of this without even clogging up your own Twitter feed.
You can compile lists in your Twitter so you have a laser-focused feed of insights. (You can subscribe to ours, or cultivate your own – list given later on).
So don’t worry about seeing tweets from respected professionals highlighting CPI figures and it impacts following a tweet from Kanye/Yeezy/Ye West.
You can have your fun tweets and your FinTwit tweets completely separate.
Why is this so awesome?
Because they freely share trading ideas, views, insights and more;
Without you having to subscribe to a long-term, high-ticket, subscription service.
For example, a Bloomberg Terminal costs $24,000 a year to lease and use. Majority of the people tweeting on FinTwit use this, and they filter out what needs to be known.
However, the biggest warning from all of this is that you must not fully trust and rely on the information produced. The content is always high quality, but you must realise that you have to commit to your own research and trade-off of your own idea generation tools.
So how do we use FinTwit?
As mentioned earlier, FintTwit is not only easy to set up but easy to use.
For example, if one would like to find out what FinTwit is talking about on Facebook we would search for the hashtag $FB.
Let’s rewind there a little bit:
We use $ instead of a # because FintTwit uses it to differentiate between Stock related info and info on the company. This is how FinTwit works. We use FB instead of Facebook as we use the Stock Ticker for reference, thus searching $FB.
As you can see from the search it has pulled up the top tweets for $FB:
If you click on Latest, you get the latest $FB tweets available on Twitter.
If you are looking for Forex pairs, try $EURUSD.
The FinTwit underworld is filled with exciting opportunities and analysis for free and I bet now you can start seeing it’s potential, right?
How do I set up FinTwit?
Now for the fun part.
To get started, firstly create a Twitter List.
Then add all of your favourite accounts from the FinTwit universe.
Once added, you will now have a feed of Tweets about the markets.
Follow @alphaexcapital and our curated FinTwit lists, simply click subscribe and get immediate access.
(Please note we do not endorse any of the accounts on our list. Use the information as provided for educational purposes only.)
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