Information on Financial News and Media

Keys · #1 08-21-2006, 07:40 PM

I would like to know where I can get financial news and resources. I currently watch CNBC during market hours. Is this enough?

Lisa · #2 08-21-2006, 07:41 PM

Originally Posted by Keys

I would like to know where I can get financial news and resources. I currently watch CNBC during market hours. Is this enough?

Nooooo.

Tradesta · #3 08-21-2006, 07:44 PM

Here's a list of several that I use:

1. Wall St. Journal
2. Bloomberg (they have a online TV you can watch for free)
3. CBS Market Watch
4. CNN Money
5. DailyFx

Hope this helps

*Soultrader* · #4 08-21-2006, 07:54 PM

Originally Posted by Lisa

Nooooo.

hehe.. I would have to agree with you Lisa. Trading based on news you see on TV is a bad idea. By the time news gets broadcasted you are two steps behind the professionals. You'll end up chasing the markets. CNBC is good to keep you updated. For trading... not a good idea.

I used to use Breifing.com. Now I trade with the TV off. Here's my little secret. If you plan on day trading use pit noise.

PM me... I'll send you a good link for a pit noise vendor. It might be confusing at first but ever since I started using pit noise I can never trade without it.

Here's a link to a complete list of terms used in the S&P pit.