Back in the day, if you wanted to follow or learn from anyone where Forex trading is concerned, you did so on Twitter. It was the in-thing. However, as we all know, over time, what is the in-thing can change, and it has, because now Forex trading tips, advice, and accounts to follow have made their way over to Instagram.
Before we tell you about some of the positives that come with learning from Forex traders on the Facebook-owned platform, there are a few things worth noting that will enable you to separate the wheat from the chaff.
Because Instagram is now the place to be if you’re a Forex trader, there are tons of scammers out there who will attempt to sell users a dream. They do this by uploading pictures purporting their wealth, such as exotic cars, big houses, and the high life. Of course, they will also sneak in some graphics documenting their trade success too.
Remember, effective USD Forex trading is never a get-rich-quick scheme. There are no fast routes to the top, and there are no programs where you pay loads upfront and get a guarantee of success in return. So, if it appears too good to be true, where Forex trading on Instagram is concerned, it most definitely is.
It’s not all doom and gloom, though. There are some excellent accounts worth following, and we will tell you about several shortly. If you want our advice on finding reputable accounts of traders on Instagram, we suggest doing a bit of research is crucial. To be specific, Social Sensei review will assist you in your research.
If you stumble across an account on the platform, find out what the feeling is on the trader online. Do a Google search or two. Check forums. Speak to those who can advise. Again, reputation and the words of respected and credible people are crucial.
Here are talented traders we give the thumbs up to:
Samuel Leach – @samuelleach
You immediately get where Samuel Leach is concerned is credibility, so you know it’s someone you can trust. Leach, who founded Samuel and Co. Trading nearly a decade ago is a trusted contributor for Forbes and Reuters, so that should tell you everything you need to know. As well as showing you, and nearly 400k followers on Instagram, what he’s about, Leach also has a useful Youtube channel, where more trading advice is available.
Austin Netzley – @netzley
Now, while Austin Netzley has a considerably smaller following than Leach, it doesn’t mean he hasn’t got as much to offer. In managing a trading model that worked around his 9-5 job, Netzley did is something many see as the holy grail. And, by following his Insta, you will pick up crucial tips. His best-selling book, Make Money, Live Wealthy, is also worth a read.
Jabulani Ngcobo – @cashflowngcobo
When you visit Jabulani Ngcobo’s account, you will immediately know you’re in the right place thanks to the verification tick and the massive following moving towards 500k. Like many traders on Instagram, you’re going to get a blend of Ngcobo showing off his wealth and some tips and advice along the way. And, because you know he has profited, you know what he’s saying is the real deal.
Featured Image by MayoFi on Pixabay