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Chapter 21, Part VI. News Impact. Page 2

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 22, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Aug 28, 2009
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    Web and TV sources

    Websites are our primary recommendation as a source of news and information, especially for a newbie trader. You can find some sites where appearance of news is rather fast and sharp, also there could be particular trade recommendations, analysis, discussion of this or that event or news etc. For instance, Free Forex Trading Community With Forex Signals And Broker Reviews has daily prerelease information on tradeable news events, a news calendar, and more.

    Although there are a lot of different news providers, it is better to stay with the leaders, such as CNBC, Bloomberg on TV, Reuters, Wall Street Journal and Market Watch. Their advantage is that they have a lot of contacts with really big persons that they could invite onto TV. Their reputation is sufficient and for some persons, it even could be an honor to share with his view on some news or event on live translation. Even such guys as Buffet, Gross, Soros and others will not nix their invitation. Thanks to that, you can get more in-depth view on some news. Second, they show you news very fast, almost in real time, no matter what they are – non-farm payrolls release or live Bernanke speech. Then even more, you will be able to listen to commentary and opinion on some particular event from well-known managers and traders.

    Bloomberg and Reuters also have websites where you can read news and watch some parts from TV translations.

    If you decide that this is not enough for you – very well. It means that probably you already have 100K+ of assets and ready to pay for really superb software. But be ready to pay 800-2000$ per month, depending on what you particularly need. Think twice before paying that money. Still, for example, Bloomberg will give you total flow of news, all historical data on any macro data with the possibility to separate, tune and choose only necessary news, real-time access to all markets, trading through software, all data to all companies’ financial statements etc. In other words – you will give all that you ever could imagine, and all this stuff online and real-time.
    #1 Sive Morten, Dec 22, 2013
    Lasted edited by : Sep 25, 2016
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