Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

umfan92

What News Source Do You Trust?

Recommended Posts

Now, I don't like watching anything about finance and the markets on tv. I never watch any of the usual channels such as cnn, msnbc, cnbc or whatever else there is. But recently I watched a little bit of cnn and it wasn't bad. I've hear many people say that you can't trust any of that because they all have biased opinions. I don't really know much about that but what do you guys do?

Share this post


Link to post
Share on other sites

There are various news squawks if you do a search on the net for them. I would say use one but know their limits. Make sure that you can 'see' that what they have said is being confirmed by reaction in the market you are trading. Note also that often market participants react to news prior to absolute confirmation and that when it turns out they are wrong, the market reverses hard the opposite way and squeezes them out. The real news source you need to trade news quickly if you are so inclined, is say a Reuters or Bloomberg terminal, which link in to their respective newswires- which most stories originate from. These are very expensive though (in the order of thousands of pounds a month).

Share this post


Link to post
Share on other sites

i would suggest you look at your charts first - form an opinion and plan for the day, and only then look at the news - if there is something that really puts your plan into question (and I mean really puts your plan into question) then exercise some patience in the plan maybe eg; be a little more cautious in putting the short you wanted on - but often more than not the market will give you all the information you need - especially if you are trading short term - the market will react far far quicker than any news service unless you are watching a BBerg and reacting with those wire services.

Share this post


Link to post
Share on other sites

The market reacts almost instantly to news. The average person does not have time to react immediately. If you don't have time to react immediately, then getting news the very split second it comes out, really doesn't do you any good. If you get a news service, and they give you the numbers the second they come out, you need to know what they mean, and react within a couple of seconds. It's not possible.

 

You still need to know what the news is, but whether you get it the second it comes out, or 10 seconds after it comes out is immaterial. If you are paying huge amounts of money in order to get news the second it comes out, then you can't react fast enough, then it's all just pointless.

 

It's important to know when the major news releases are coming out, so that you don't get caught unexpectedly in a very volatile market. Watch what the initial reaction to the news is, then look at what the news actually was. Then decide what the bias is. For example, if the price spiked way up, then went way down to a new low, and the news was good, and the price had been falling on expectation of the news, that may have been the bottom. But it can get tricky.

 

I use Forex Factor for news releases.

 

Forex Factory

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.