At first sight, it’s great – Twitter is absolutely made for the forex market and traders – up-to-the-second tweets about what’s happening on the markets, a global perspective, maybe the odd bit of free advice from people who know… But then the problem comes… too much information.

I’m not sure I need to know that “the Pound fell against the Euro while the Dollar gained in volatile trading” – probably knew that already, if I were paying any attention at all. As for eavesdropping on big shot traders and investors, I’m not sure the real pro traders have much time or inclination to twitter, quick though it is… And certainly don’t be swayed by anything that claims to be the inside line on a trading opportunity

Socialize your Ideas
The slightly frenzied attempts of day-traders to talk up the penny stocks they’ve just loaded into are amusing – for a while. As are the races to get as many off-topic followers as possible, just for the kudos of the numbers. But as soon as I hear bs such as “adding vertical value to a horizontal userbase” that’s when I make my excuses and depart…

Better to impose a little bit of self-discipline, and tweet only when there’s something useful to say – and having said all that, feel free to follow forexperform on Twitter… you’ll get a follow back, seems only fair, having had to read this rant…