HansITAcademy

Stocktwits is a social media platform for investors that includes a chatroom or board for individual ticker symbols.  You are also allowed to create a personal chatroom for you and your friends or join one.  Stocktwits has a big community where users are allowed to share analysis, ideas, sentiments, and more.  Its main focus is on the stock exchange, so it has limited services for Forex.  Let’s go over some pros and cons. 

One of the cons is that the chatrooms are filled with too many beginners seeking for popular stocks at a moment in time, which means its credibility is low and there will be lot of noise.  A lot of the users in the community also can’t tolerate conflicting opinions, which will lead to lot of posts getting reported and blocked.  Another con is that there are too many people spamming for premium rooms and specific article posts.  Their platform simply lacks spam and junk mail protection.  I personally don’t recommend using their chatrooms for gathering any information.   

However, their app/site is great for tracking earnings date and newsletters.  Its ability to share news and send messages to others on the app is a big plus.  Another pro is that the app is free and can be used on any devices.  Another pro is their trending rankings page, which is a great way to see what the most popular stocks at a moment in time are.   

My personal opinion on stocktwits is that it’s not worth the time.  This is due to its limited capabilities compared to other alternatives and too much misinformation and self-promotions getting posted constantly on the chatrooms.  I personally recommend using investing.com, tradingview, or Bloomberg.  Investing.com has real professional analytics, forex rating and news, brokers rating, promotion and bonuses, educational materials to help you learn, and much more.  Their information is worth reading over and it’ll better help make investment decisions.