These days, forex traders have a wealth of information at their disposal. Learning about the markets can be as simple as turning on the computer and searching for the information you require based on the keywords that you specify.
While Google can be a great tool for finding exactly what you are looking for, it’s not necessarily so good for discovering new and interesting things. Twitter on the other hand, has the potential to offer up new and relevant material that you would otherwise have missed.
Here are some words of wisdom taken directly from the Twitter universe:
Markets are like a car accident: One thing happens & everyone experiences it so differently that no one can agree on exactly what happened. @tradelikecasino
It's usually those who try to sound the smartest & say everyone else is 'dumb' that have been watching it pass them by. Price easy to follow @systemstrader95
i'd rather be long at the top then spend every day calling one… @systemstrader95
I think Social Media tends to overstate the normal pullbacks and DDs. Many still fighting '08 in their heads. @systemstrader95
The test of success is not what you do when you are on top. Success is how high you bounce when you hit bottom. -George S. Patton @caseystubbs
In trading you gotta be able to deal with the bad days more readily than the good days. @caseystubbs
Your ability to manage fear will dictate the level of success you can attain. @theRealKiyosaki
You should be learning how to USE RISK, not how to avoid it. @caseystubbs
China is closing a massive oil deal w/ Russia, taking advantage of the Ukraine conflict Smart, unlike our leaders. @realDonaldTrump
I love analysts that say stuff like,"I remain bullish on Eur/Usd unless 1.3400 is violated" - 400 pip hit will finally tip you off, huh? :) @bogartmaverick
To be great one must be humble. @neilpatel
Life will get in the way. Count on it. Be prepared for it. Maintain focus and press on towards your goal. @theRealKiyosaki
To succeed... You need to find something to hold on to, something to motivate you, something to inspire you - Tony Dorsett @knmtechnology
You take what the market gives you. Tight range out there. @BinaryOptionsU
Not all currency pairs are born equal. After New Zealand admitted currency intervention, it seems that nobody will stay out. @forexcrunch
Good leaders solve problems, keep it simple & stand up for what they believe in. What do you think makes a #leader? @richardbranson
“Buy the rumor, sell the news” cliché can be misleading. Real opportunity emerges once everything settles and the fast money trades out. @caseystubbs
While Google can be a great tool for finding exactly what you are looking for, it’s not necessarily so good for discovering new and interesting things. Twitter on the other hand, has the potential to offer up new and relevant material that you would otherwise have missed.
Here are some words of wisdom taken directly from the Twitter universe:
Markets are like a car accident: One thing happens & everyone experiences it so differently that no one can agree on exactly what happened. @tradelikecasino
It's usually those who try to sound the smartest & say everyone else is 'dumb' that have been watching it pass them by. Price easy to follow @systemstrader95
i'd rather be long at the top then spend every day calling one… @systemstrader95
I think Social Media tends to overstate the normal pullbacks and DDs. Many still fighting '08 in their heads. @systemstrader95
The test of success is not what you do when you are on top. Success is how high you bounce when you hit bottom. -George S. Patton @caseystubbs
In trading you gotta be able to deal with the bad days more readily than the good days. @caseystubbs
Your ability to manage fear will dictate the level of success you can attain. @theRealKiyosaki
You should be learning how to USE RISK, not how to avoid it. @caseystubbs
China is closing a massive oil deal w/ Russia, taking advantage of the Ukraine conflict Smart, unlike our leaders. @realDonaldTrump
I love analysts that say stuff like,"I remain bullish on Eur/Usd unless 1.3400 is violated" - 400 pip hit will finally tip you off, huh? :) @bogartmaverick
To be great one must be humble. @neilpatel
Life will get in the way. Count on it. Be prepared for it. Maintain focus and press on towards your goal. @theRealKiyosaki
To succeed... You need to find something to hold on to, something to motivate you, something to inspire you - Tony Dorsett @knmtechnology
You take what the market gives you. Tight range out there. @BinaryOptionsU
Not all currency pairs are born equal. After New Zealand admitted currency intervention, it seems that nobody will stay out. @forexcrunch
Good leaders solve problems, keep it simple & stand up for what they believe in. What do you think makes a #leader? @richardbranson
“Buy the rumor, sell the news” cliché can be misleading. Real opportunity emerges once everything settles and the fast money trades out. @caseystubbs
Editors’ Picks
EUR/USD hits two-day highs near 1.1820
EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.
GBP/USD reclaims 1.3600 and above
GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.
USD/JPY drops back below 157.00, as focus shifts to Japan snap election
USD/JPY is back in the red below 157.00 in the Asian session on Friday. The Japanese Yen recovers ground against the US Dollar amid some profit-taking ahead of Japan's snap general election on Sunday. The preliminary reading of the Michigan Consumer Sentiment Index report for February will be released later on Friday.
Editors’ Picks
EUR/USD: US Dollar to remain pressured until uncertainty fog dissipates Premium
The EUR/USD pair lost additional ground in the first week of February, settling at around 1.1820. The reversal lost momentum after the pair peaked at 1.2082 in January, its highest since mid-2021.
Gold: Volatility persists in commodity space Premium
After losing more than 8% to end the previous week, Gold (XAU/USD) remained under heavy selling pressure on Monday and dropped toward $4,400. Although XAU/USD staged a decisive rebound afterward, it failed to stabilize above $5,000.
GBP/USD: Pound Sterling tests key support ahead of a big week Premium
The Pound Sterling (GBP) changed course against the US Dollar (USD), with GBP/USD giving up nearly 200 pips in a dramatic correction.
Bitcoin: The worst may be behind us
Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.
Three scenarios for Japanese Yen ahead of snap election Premium
The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.
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