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Who to Follow on Twitter by D este
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Who to Follow on Twitter |
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Finance & Investment,Investment
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If you follow traders on Twitter, they often make reference to what Billy Ray Valentine (the character played by Eddie Murphy in Trading Places) is up to in the markets, or more specifically, the pits in Chicago. This is of course a metaphor for what I believe is today's equivalent to the invisible hand the self-regulating nature of the market . Last week traders commented that instead of studying for the CFA accounting certification traders would be better off watching Billy Ray Valentine explain trading to the Duke Brothers. In addition to supply and demand, speculation is another driver of commodity prices, which is why financial advisors can get an edge in commodity investing by being aware of geographic factors. Traders need to watch weather patterns may seem trivial, however, the impact a single storm can have is tremendous like the Ivory Coast is the world's leading producer of cocoa, it pays to keep an eye on local developments as they are bound to have a major impact on prices.Twitter Traders
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