Starting as a simple application on the social media platform Twitter, StockTwits today is the world’s largest financial social network with more than two million registered users and millions of visitors per month.
StockTwits is perhaps one of the best alternative ways to learn about what is currently on the market and developments in stock. Here’s what you need to know about StockTwits as an investor.
What is StockTwits?
StockTwits is a social media platform for investors. You can register for free on this platform to keep track of what financial experts and amateur investors are doing according to market conditions in real time.
If you are interested in investing in your friends, people you like or direct companies or especially in foreign markets, you can follow the stocks you are interested in and see the latest updates.
StockTwits has Cashtag Instead of Hashtag
You never heard of Twitter before, at least as an investor. Here StockTwits looks just like Twitter. One of the most important differences is the fact that StockTwits often speaks of markets. Another is that cashtag is used instead of hashtag.
For example, developments and comments about Apple traded on NASDAQ or Turkcell traded on NYSE are labeled $ AAPL and $ TKC. Thus, it is possible to reach instant information and ideas from many experts, investors or companies.
Like Twitter, StockTwits has a certain character limit on every share, from basic investment tips to reports and analysis for specific companies. You can either share or post comments up to this character limit.
On the other hand, you can follow the people you care about or companies you are interested in, create watch lists and receive alerts about the companies you follow. You can also link your StockTwits account to Twitter, Facebook and LinkedIn profiles.