Is Social Media causing traders to lose money?

technical analysis
forex education



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Obvious technical patterns no longer seem to work as often. Is it possible that social media is causing this? In this episode of Technical Tuesdays Jason Sen highlights several good examples of obvious technical patterns that did not work, as well as several not obvious technical patterns that did work. Is it possible that retail traders hyping up obvious technical patterns on social media is causing them not to work and for the retail trader to lose money? With technology advancements now a days institutional traders can easily listen in on social media platforms to gauge what the retail community is doing. Then, because they have deep pockets they are able to squeeze the retail trader until they break. The most recent example of this was the head and shoulders technical pattern on the EURUSD.