Can Tik Tok mess up Forex?

[Phalange]

I think tik tok is messing up with forex traders who are looking for trading signals or strategies and ending up on accounts of scammers pretending to be forex experts. But, the ratio of such traders is quite low, so there is no chance that a phone app can mess up a multi-trillion market.

 

[Doldrums]

Those who are serious about forex trading won’t consider Tik Tok a source for getting information on forex.

 

[Oblectation]

Not going to happen. Those who follow forex coaches on Tik Tok will most likely blow up their accounts and perish from the market.

 

[Adelbert67]

I was reading an article on the independent about the recent GameStock Fiasco. As a forex trader, one section in particular got my attention. With the availability of robinhood, IQ options and other easy to use trading apps, trading is more open to the general masses than it has ever been. The article mentioned how Tik Tokers and Youtube is a breeding ground for unverified information on trading that can easily lead novice investors to huge losses. Now, of course, Forex doesn’t work the same way as the stock market but we are still subject to shifting spreads, varying fees, commissions and so on.
I’m seeking your inputs in regards to strategy and safeplay here. Also, what broker do you use and do you trust them?

I got your concern, but you may know Tiktok is a funny social media; it’s not the perfect place to take investment advice; I have no worry on Tiktok, Youtube or any other social media! Making consistent money in Forex is so much challenging, it’s not easy as like uploading video on Tiktok!

 

[Coner1980]

TikTok only can harm teenagers not forex trading.

 

[Volable]

I don’t know about forex, but Tik Tok can certainly mess up with a few forex traders looking for help on the app.

 

[Jungletrader]

It can probably tarnish forex trading even more than it has been by unleashing a sea of scammers/morons into the space

 

[Cometography]

I think it can! I’ve seen many influencers on Tiktok and other social media platforms who are sharing just basic stuff about forex trading that you can find pretty much everywhere on the internet and what was really surprising was that there are many people who are following them. Relying on someone for education who doesn’t have any real experience in the market can mess up anyone’s trading career.

 

[Virtuosoer]

There is no correlation between the two. So No, it can have no influence on forex.

 

[DepthTrade]

Yes it is possible, but unlikely because they would need to be highly organized and have the bank roll to do so. They would have to pour in 100s of thousands of dollar (before leverage) per second to move the market, the market would then be "out of alignment" with other correlated pair and be prone to snapping back. All the time big players and entities would be watching the order flow/ stops/ targets.