According to research in South Africa, whilst other social media platforms like Twitter has been considered a great platform to follow for learners and forex traders, Instagram is quickly become the most popular source of visual inspiration to forex traders. With many successful, although self-proclaimed, traders displaying their extravagant lifestyles which was built on their lucrative forex gains, it is little to no wonder that many beginners are motivated to achieve the same “fame and fortune”.
In over just 9 years since its start, Instagram has become a wildly popular photo sharing app and social network and rivals Facebook in terms of numbers of users, reaching billions and counting. So, what makes Instagram a runaway hit across the globe? Well, there are a lot of reasons, actually, which will get into a little later on but one thing is for sure – it is a huge hit amongst millennials and Gen Z users who loves to take photos and follow just about everything. The trend is so contagious, that even users from the “old school” generation is getting involved!
For any beginner in any field it is always a good idea to learn from more experienced players in the game, regardless of which domain they may belong to. And, forex is no different. Traders can learn a tried and trusted trick or two, hone their skills at analysing the market and much more by following the right people on social media.
Here is a list of Best Forex Traders and Accounts to follow on Instagram
After Samuel Leach graduated from University, he joined one of the United Kingdom’s leading independent private banks and founded Samuel and Co. Trading in 2012, which has become an international CPD accredited company. Samuel is a well-known Forex trader and a social media influencer, with an Instagram social media following which is currently standing at 300k+ followers.
Samuel Leach is also a contributor to Forbes where he frequently posts about stocks on his watch and why he thinks certain stocks should be on a traders watchlist. Samuel has been featured in City AM, Reuters, Forbes and many other well-known publications.
At only 27, Austin Netzley created an automated stock trading system which built him a fortune. The system was created enabling him to trade while keeping his 9 to 5 job and efficiently build wealth. Austin Netzley wrote a best-selling book, Make Money, Live Wealthy and he continues to share his tips and insights on the forex market through podcasts and blog called YoPro Wealth.
Sam Seiden specializes in price action trading by making use of supply and demand analysis. He first found fame when he explained his approach to trading in fxstreet.com, which he has explained very well through many articles written for the site. Through his social media, he creates and shares content in order to empower followers by sharing financial market skills and strategies that work.
Walter Peters is a popular currency trader who has been featured in The Wall Street Journal, Yahoo! Finance and TradingMarkets.com to name but a few. He previously focussed on share trading, but now works with a smaller community of traders at Naked Forex Now, a private online trading community. Walter is also a psychology professor, has worked as a hedge fund trader and best-selling author.
Jabulani Ngcobo tends to openly flaunt how much he has been able to profit from forex trading and with more than 200,000 followers, @cashflowngcobo is a very popular account. Jabulani uses this account for his personal branding, blended with charts, signals and trading setups, to share notifications of seminars and conferences.
@invictusfx is a highly popular Instagram account best known for posts that are great at enticing traders to trade forex.
The account is known to regularly features information and videos on how new traders can make a considerable profit via forex trading in a small amount of time with some of the popular posts including “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?”.
@astroForex is an account which is run by two British forex traders, who have who have both had great success in Forex. On this platform, they offer forex trading education and advice for would-be traders to make the most of the markets.
With images depicting wealth and luxury, @millionaire_mentor is an Instagram with massive visual appeal for beginner traders. Instagram posts are inspirational and keeps followers wanting more.
Traders who follow trade4wealth, can expect striking images and a host of top trading tips and with over 23,000 followers the account is clearly very popular – and worth keeping an eye on.
@forexgoldtrader is a very interesting account which features images of chart analysis from live trading accounts plus offers a link to the owner’s Telegram channel, where he discusses trading techniques in detail.
Gustine Samuel regularly posts images from his live trading sessions on his Instagram account alongside links to his website. Apart from Forex, he also follows cryptocurrency trading.
This account mainly concentrates on binary options, along with forex trading paired with useful tips to keep spirits high in the challenging financial markets.
For traders who are looking for an account which covers broad Forex information in an easy-to-understand way – @everything_fx is as good for beginners as it is for professional traders. Followers will enjoy regular posts with images of important articles and news releases.
@shaunfxlee boast more than 74,000 followers and is definitely an account to look out for. Apart from trading tips and chart images, inspirational quotes are shared to. The account often looks at images facing the FX industry and individual traders in a funny and satirical way.
Reuben Singh is the CEO of Isher Capital and alldayPA and the account mostly includes images of Singh’s life of luxury but, he also regularly posts images of his family and stresses the importance of hard work. This account boasts over 88,500 followers, and Rueben is seen as a massive influencer in the FX world.
For those who would like to learn more about female traders on Instagram and learn which ones to follow, then this past of the article is for you. There are many successful and interesting women out there who at the top of the Forex game when it comes to trading! Here is a quick overview:
Rezekifx is a female trader who spends part of her time at Pipsrunner, which is a mobile trader page. On her page she likes sharing her thoughts and trading tips.
The Forex Chick
Forex Chick is a retired register nurse turned CEO allowing traders to follow her interesting life and tips on Forex.
Shabs Fazl is a Market Analyst at @everything_fx who likes to share her ideas with followers. On this Instagram account traders can watch her own market news where she presents the caps on the last week and the week ahead.
Nicole is an expert when it comes to trading and a simple look at her IG posts shows how her company closes a consistent amount of profit almost each week. Her posts are also visually beautiful and motivational.
Yamila Hernandez is a Market Analyst at @astroforex, @everything_fx and @cryptonary who shares her tips of the trade and working etiquette with followers.
Sabina may look young but she is an established Forex trader. Traders who would like to learn more about trading but also follow a unique life will find her account very interesting.
On this account, followers can explore a world of financial opportunities and independence through Forex, Binary & CDFs. She shows traders many financial opportunities and how she has become one of the best.
Sophia Rodrigues – @thepipsroom
Sophia Rodrigues is a famous Forex trader and her account is filled with both pictures of her travel adventures and trading tips.
Faye is UK based and for traders who would like to learn more about her trading tips, can join her online. This account boasts a staggering 30k followers.
On Mitchell’s profile traders can learn more about her skills and crypto experience. Mitchell Bryan has more than 10 years of experience in the industry.
Tracey Walker is the Creator of “Sips and Pips” and has almost 20k followers to boot! She is a creator of a popular company which teaches people about Forex and Followers can get her 1-Pg Trading Plan in order to learn more about how she honed her trading skills.
And last but not least –
Hither Mann is the World’s First Female Trader & Educator, a Business Investor and the founder @fortune.academy and @tradewithpanorama. She is an educator who shares her trading journey with Instagram followers.
Returning to out earlier asked question – what makes this platform such a popular choice for these traders?
Main reasons for the popularity of Instagram
Easy and User-friendly Installation
Instagram was initially created for use by iPhone users, but almost immediately spread to other mobile formats. These days, Instagram is easy to download and install, whichever mobile platform a user makes use of and whether a trader an iOS or Android user, they can simply go the App Store or Play Store, download, set up their account, choose a username and upload a profile pic.
Easy Photo Sharing and Manipulation
Taking photos can easily be done in the app or through a phone’s camera, give the photo a title, and make it more engaging and fun. Photos are public by default, but users can also set them to private and other people will have to request permission first before they follow. Photo “filters” are also one of the main drivers of Instagram’s popularity and Instagram is continuously tweaking its filter selection to adapt to its many active users. It is also compatible with many photo manipulation apps like Camera 360, Camera+, LabelBox and 100 Cameras, which expands the possibilities of photo manipulation even more.
Instagram can be considered as one of the most popular social media networks available to the current generation, primarily created for the purpose of having friends or so-called followers. Instagram allows users to be “followed” or for them to “follow” other people or in this case the 27 Best Forex Traders and Accounts. When a trader follows an Instagram trader, their photos are regularly appearing in their stream. Traders can also like photos and comment on them, making it a friendly and laid-back social community.
It’s makes for a Great Business Channel
Another contributor to Instagram’s growing popularity is its use in the business world. In this case, Forex Traders realize the importance of having a large following from both established customers and new ones and in article by Chris Tweten (Market Strategist by Trade) on his website emphasizes the use of Instagram bots as one of the most effective tools that can contribute to a traders’ brand growth.
The bots are an Instagram automation feature which gives its users an idea of the preference of the followers of their business allowing for many likes, followings and views. These analytics and statistical data can help social traders focus on more options to target more audiences and help innovate their approach to marketing and branding. Reports and statistics that are visually presented and easy to understand. With so much hype among users when it comes to Instagram, it’s no wonder its popularity is still growing under traders.
The Next Question on our list – What makes these 27 Forex Traders and Accounts so successful and what puts them so far ahead in their game?
Top Things Successful Forex Traders Do
When it comes to successful forex trading there is no single formula for success. Traders can think of the markets as being an ocean and them, a surfer. Surfing is a skill which requires talent, balance, patience, proper equipment, and mindfulness of surroundings and no “trader” will go into dangerous waters right? The attitude when it comes to trading is no different and by blending good analysis with effective implementation, a trader’s success rate will dramatically improve and good trading comes from a combination of talent and hard work. Here are the main strategies that will serve a trader well in all markets, especially Forex.
Approaching Forex Trading
Before trading, a trader should recognize the value of proper preparation, aligning personal goals and temperament with applicable instruments and markets. For example, if a trader understands the retail markets, it would make the most sense to trade retail stocks rather than oil futures, about which a trader may know nothing.
It may also benefit traders to assess the following three components:
Given its low commissions and fees, the Forex market is very accessible to individual investors and traders must make sure they have a solid understanding of what the Forex market is and the smart ways to navigate it. Traders should always learn the basics and see real-time examples of the approaches and strategies.
The time frame indicates the type of trading that is appropriate for a trader’s specific temperament. For instance, trading off a five-minute chart suggests a trader will be more comfortable taking a position without exposure to overnight risk or choosing weekly charts on the other hand will indicate comfort with overnight.
In addition, traders will have to decide if they have the time and for that matter of fact, the willingness to sit in front of a screen all day or if they would prefer to do their research over the weekend and then make a trading decision for the week ahead.
Once a trader has chosen a time frame, find a consistent methodology (a system of methods used in a particular area of study or activity). Some traders may like to buy support and sell resistance whilst others will prefer buying or selling breakouts. Many may like to trade using indicators, such as moving average convergence divergence and crossovers.
Once a trader has chosen a system or methodology, they should test it to see if it works on a consistent basis and provides them with an edge. If a system is reliable more than 50% of the time, it can be considered as an edge.
Traders will find that certain instruments will trade much more orderly than others and unpredictable trading instruments make it difficult to have a winning system. Traders must test their system on multiple instruments to determine that their system’s “personality” matches with the instrument being traded.
Forex Trading Attitude
Behaviour is a very important part of the trading process, and a trader’s attitude and mindset should reflect the following four attributes:
Once a trader knows what to expect from their system, they must have the patience to wait for the price to reach the levels that said system indicates for either the point of entry or exit. If a traders’ system indicates an entry at a certain level but the market doesn’t reach it, move on.
Discipline is the ability to be patient and to wait until a system triggers an action point. Sometimes, the price action won’t reach an anticipated price point and traders must have the discipline to believe in their system and not to second-guess it. Discipline is also being able to react when a system indicates to do so. Especially when it comes to stop losses.
Objectivity depends on the reliability of a trader’s system or methodology as mentioned above. If a trader has a system which provides entry and exit levels that they find reliable, they don’t need to become emotional or become influenced by the opinion of experts. A traders’ system should be reliable enough to be confident in acting on its signals.
Sometimes the Forex Market can make a much bigger move than anticipate and being realistic means that traders cannot expect to invest $250 in their trading account and make $1,000 each on trade. Although there isn’t a safe trading time frame, a short-term mindset might involve smaller risks if the trader exercises discipline in picking trades. This is also known as the trade-off between risk and reward.
Motivating Forex Trading Factors
Instruments trade differently depending on the major players and their intent and large banks that are trading in the spot currency markets most times have a different objective than currency traders buying or selling futures contracts. If a trader can determine what motivates the larger players, they can often align that knowledge to their own advantage.
Traders should start by picking a few currencies, stocks, or commodities, and chart them all in a variety of time frames. Then they should apply their particular methodology to all of them and see which time frame and instrument align to their system. This is how a trader will discover alignment within their own system. Traders should repeat this exercise regularly, as this will help them to adapt to changing market conditions.
Implementing a Forex Trading Strategy
There are never only profitable trades, just as there is no such thing as a system which is a 100% sure thing. Even a profitable system, say with a 55% profit-to-loss ratio, still, has 45% losing trades. Profitability is found in the management and execution of the trade.
Successful trading is all about risk control and traders should try and trade in the correct direction right out of the gate. Traders should evaluate their trading system, make adjustments, and try again. Most time, it is on the second or third attempt that a trade will move in the right direction but this requires patience and discipline.
The Bottom Line
Trading is an art to execute successfully and there is only a profit-making trade or a loss-making trade. Warren Buffet has been known to say that there are two rules in trading: Rule 1: Never lose money. Rule 2: Remember Rule 1. Traders must always remind themselves to take small losses often and quickly rather than wait for the big losses. Inspiration can many times play a very big roll in keeping a trader motivated in those losing times, and having a list of “insta-traders” to keep a traders’ eye on the prize is most times very valuable.
Frequently Asked Questions
Can you trust forex traders on Instagram?
There are legitimate forex traders on Instagram and then there are also the scam artists. Those who share their tip openly are usually the legitimate traders.
Who are the best forex traders to follow on Instagram?
Here is a list of the 26 Best Brokers to follow on Instagram
Why is Instagram so popular even for forex brokers?
Easy and User-friendly installation.
Easy photo sharing and manipulation.
Friendly and laid-back social interaction between traders and the community.
What are the rules of Forex Trading?
According to Warren Buffet, who is considered as one of the best investors in the world:
Rule 1: Never lose money / Rule 2: Remember rule 1
Can you make a living out of Forex trading?
Yes, it is possible, but it is not easy to make consistent profits, be prepared to lose more than you win.