Twitter is a popular social network where people follow what other people are doing. I opened a Twitter account recently, and to be honest, the possibilities are endless…if you have the right tools.

I have developed a plugin for Metatrader that transmits my trading activity directly to Twitter so everybody (or a selected group of people) can see what I’m trading. Not a simple alert service, but trading as it happens. Using Magic Lines and the MTwitter plugin I can report order entry, changing stoploss and profit level, the number of pips my position is winning (or losing) and of course when I exit. Whatever information Metatrader has available, I can now send out to an unlimited number of people worldwide.

Now I’m sure nobody cares what I trade, but using the MTwitter plugin a lot of experienced traders can NOW use Twitter as their real time alert/trading or expert advisor service.

If you want to find out what the possibilities are, check out Twitter where I will be testing the MTwitter plugin the next few days.