While Twitter has long been considered a great platform for following and learning from forex traders, Instagram is quickly becoming the source of visual inspiration to trade forex. With many successful, albeit self-proclaimed, traders displaying their lavish lifestyles, built on forex gains, it is little wonder that many others are motivated to achieve the same.
It is always a good idea to learn from more experienced players, regardless of which domain you might belong to. And, forex is no different. You can learn a trick or two, hone your skills at analysing the market and more by following the right people.
Here’s a look at the 5 best Instagram accounts to follow for new and veteran traders alike.
Best Forex Instagram Accounts to Follow
This pic, posted on Instagram by forex guru, Jabulani Ngcobo, seemingly flaunts how much he has been able to profit from forex trading.
With more than 200,000 followers, @cashflowngcobo is a highly popular account, which Jabulani uses for his personal branding, blended with charts, signals and trading setups. Jabulani uses this platform to share notifications of seminars and conferences that he considers will educate new traders regarding successful forex trading. Traders can also get useful insights from his best-selling book, Cashflow Naked.
A highly popular Instagram account, @invictusfx is known for posts that are great at enticing traders to trade forex.
The account regularly features information and videos on how new traders can make a considerable amount of money via forex trading in a significantly less amount of time. Some of the popular posts are “How I turned 20k to 50k in under 5 days, forex trading,” “How to trade gold in forex” and “What are moving averages and how they can be used in trading?” The account also shares motivational thoughts to keep followers inspired.
Run by forex trader Sam Leach and his mates at Samuel and Co Trading, this is a group that specialises in forex training and mentoring. Their Instagram account is full of professional images, covering various successful forex traders. The article “A day in the life of a traders,” by Samuel Leach was in the limelight due to its content and promotion on Instagram.
This account is run by two British forex traders, who have made it quite big in the forex space. They offer forex trading education and advice for aspiring traders to make the most of the markets. The account also publishes images of the lavish lifestyles of the account holders, which can be quite inspiring for hopeful traders.
Loaded with images associated with wealth and luxury, @millionaire_mentor is an Instagram with obvious visual appeal for hopeful traders.
Accompanied by emotive text, each Instagram post is somewhat inspirational and keeps followers wanting more. If you’re tempted enough by the lavish posts to enter the trading world – it’s important to stay grounded. The forex markets are incredibly volatile, so it’s essential to have risk management strategies in place if you’re inspired enough to enter the live markets.
This is only a small list of forex traders on Instagram. You can search for more online with hashtags like #Forextrading, #lifeofatrader and #Forexsignals. However, remember that you will only learn from genuine traders and even then it’s best to try out new strategies via a demo account. Never follow anyone blindly.