Is social media a good place for trading signals?

Asked 5 years ago

Does someone here use Twitter, LinkedIn, Facebook, Instagram, or Tiktok? What has your experience been so far and which do you recommend?

Social media Trading signals Trading signal provider Twitter

Andrew Moran

Thursday, August 19, 2021

Yes, social media can be a great venue as a social signals provider, particularly Twitter. Or, as the young kids call it these days, FinTwit.
You just need to cut through a lot of the noise and investors trying to pump up a stock du jour.
Tiktok is NOT a great place to find investment advice or trading signals.
A lot of the people who offer advice about stocks, cryptocurrencies, and foreign exchange on Tiktok present themselves as finance gurus, despite being only 20 years old. 
I have never seen investment tips on LinkedIn, Facebook, or Instagram.
You should also check out the /r/investing and /r/stocks pages on Reddit. Just steer clear of Wall Street Bets!