Why are Newfeeds and Twitter Important?
News feeds and twitter are very important to keep an eye on for day trading because news currently causes a lot of volatility in the markets. It is important to follow the correct news feeds and understand how to interpret this news in the correct way.
There have been multiple examples recently of tweets coming out mainly by Trump that have caused an instant reaction in the market for us to take advantage of.
Here is an example of this:
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As you can see from this example US 30 fell 500 plus points instantly in reaction to Trumps tweets about china tariffs on 24/08/2019.
Example 2: Nick Robinson – Brexit Tweet 28/08/2019
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As you can see from this example Nick Robinson has tweeted about suspension of government which is negative for GBP. As you can see GBP/USD fell 140 points within a minute.
In conclusion in both example’s shown above it is very important to be aware of the right news feeds and to understand how to interpret different news. We cover this a lot in our discussion group. By following the right people it can give you great trading opportunities to profit from.
We recommend setting up a twitter deck https://tweetdeck.twitter.com/ & set notifications on these people:
Donald Trump
Boris Johnson
Livesquark
Laura Kuenssberg
Nick Robinson
Bloomberg
You will also find our discussion group very useful in keeping on top of the news and how to interpret different comments.