Can Tik Tok mess up Forex?

Discussion in 'Forex' started by terrifrancis, Feb 2, 2021.

  1. The people that fall for the social media twitter/tiktok/youtube/reddit scammers will always fall for them, regardless of the medium.
     
    #111     Dec 26, 2021
    gabriella likes this.
  2. Correct!
    Forex market is not gonna be hit by ticktockers.
     
    #112     Dec 27, 2021
    Coner1980 likes this.
  3. camera

    camera

    Interesting that you should say about that Gamestop stocks. I cannot not see that same happen to forex, but I do not think the impact will be that big as compared to that stocks.
     
    #113     Dec 27, 2021
  4. Exactly!
     
    #114     Dec 27, 2021

  5. The squeeze still hasn't happened with Gamestop, the run up last January was just from people buying it. Why it has stayed so high all year, people are buying it roughly 9:1 versus people selling it on any given day.
     
    #115     Dec 27, 2021
  6. tiktok may pull younger generation into trading FX but i don't think it can have any major impact on fx.
     
    #116     Dec 29, 2021
  7. Agraphia

    Agraphia

    Forex is a big name. A mere app like tiktok can’t ruin it. A tiktoker who thinks he can outsmart the market will probably be answered by the market itself.
     
    #117     Dec 29, 2021
  8. Tritical

    Tritical

    No. But social media platforms, including Tik Toks, can scam a lot of forex enthusiasts.
     
    #118     Dec 29, 2021
  9. kroxobor

    kroxobor

    Yeah this is the easiest one and still works especially on crypto
     
    #119     Dec 29, 2021
  10. The worst problem these days is ‘information overload’. Decades ago there used to be not many social media platforms and the information was scarce. Even the information sources at that time were legit and verified. However, these days there’s no end to the amount of information you can get. Whatever your opinion is you can find something to support that. If you believe that forex can make you rich quickly, you can find many people on the internet making your belief stronger with all the false information.
     
    #120     Dec 30, 2021