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  1. #1
    Specialist Member marc's Avatar

    Where do you get your news from? !!!

    As newspapers are a little bit too slow these days being useful for trading:

    Which service do you use to stay informed?
    A paid service?
    Some free website?
    Some MT4 indicator (which I seen around)?

    Any tips anyone?

  2. #2
    Master Member Bogdan G's Avatar
    My first choice is Bloomberg for news and Forex Factory for the economic calendar.
    No technical trader can be affected negatively by any news in the long run, assuming he uses the right way to manage his money and risk.

  3. #3
    Specialist Member marvel's Avatar
    Hi marc,

    There is no need to pay in order to stay informed about the market news in almost real time. Now there are many flash news sites like http://www.dailyfx.com/ http://www.fxstreet.com/ I like very much also oanda forex blog http://forexblog.oanda.com/ You could check some other forex brokers too, they have some bloomberg or dow johns news wire conected to their demo terminals. Also OANDA demo accounts have such news feeds, which give very fast and accurate information imediately after the news releases. Check also http://www.myfxbook.com/forex-economic-calendar for the upcomming market events. I think initially these sources will be enough for your needs, but there are many others too.

  4. #4
    Senior Member raymond09's Avatar
    I prefer forex factory for news. Though there are a lots of website for news I cannot trust them all. Because forex factory is the most trustable and reliable website for binary and forex news. I also suggest to all that use forex factory as your first choice.

  5. #5
    Master Member SeasaltMcFish's Avatar
    Quote Originally Posted by Bogdan G View Post
    My first choice is Bloomberg for news and Forex Factory for the economic calendar.
    No technical trader can be affected negatively by any news in the long run, assuming he uses the right way to manage his money and risk.
    Not sure if I agree with this. I avoid speeches and meetings (-30m to + 3h, using forex factory) and it does improve my testing results dramatically.

    I must add that I trade a reversal strategy, so I don't like fast moves and strong trends for this. That may make a difference.
    Last edited by SeasaltMcFish; 10-09-2013 at 02:15 PM.

  6. #6
    Veteran Member hchandra's Avatar
    Personally digesting lot of news in short time is really hard for me,
    I get news from bloomberg, marketwatch, finviz, forex factory.
    I traded medium - long term and I think reading all of the websites is more than enough, you can fish out gem if you understand the numbers and what happen to the company if you are trading shares.

  7. #7
    Master Member SeasaltMcFish's Avatar
    In my strategy, I focus on leaving the real big events, like the NFP and FOMC meetings etc. out of my trading time.

    Smaller events are needed to get some action.

  8. #8
    Specialist Member marc's Avatar
    Thanks for all the interesting tips and answers ...

    actually I am still undecided, if I should put much concern into news ... I am usually trading [many] 15M options daily based on price action and some indis ... I fear, if I care about news too, I would be simply too late most of the time ...

    I try to have an eye on big events to catch some big movements ... but I should still care more about that, maybe ...

  9. #9
    Specialist Member runneroption's Avatar
    Quote Originally Posted by marc View Post
    Thanks for all the interesting tips and answers ...

    actually I am still undecided, if I should put much concern into news ... I am usually trading [many] 15M options daily based on price action and some indis ... I fear, if I care about news too, I would be simply too late most of the time ...

    I try to have an eye on big events to catch some big movements ... but I should still care more about that, maybe ...
    If there is really a big market event and big move it could last longer than half an hour, even sometimes two – three hours and could be easily followed with appropriate trade. The only thing you have to be very good at is the ability to distinguish some small market moves from the really big ones, which shake totally the markets, and which are relatively rare, less than ones a week.

  10. #10
    Specialist Member runneroption's Avatar
    Quote Originally Posted by SeasaltMcFish View Post
    Not sure if I agree with this. I avoid speeches and meetings (-30m to + 3h, using forex factory) and it does improve my testing results dramatically.

    I must add that I trade a reversal strategy, so I don't like fast moves and strong trends for this. That may make a difference.
    Avoiding speeches and central bank meetings is very important for newbie traders because the movements after the releases are weird and very difficult to predict but if you gain experience how to read the market sentiment immediately after the news release it could give great advantages ahead of all other traders and could help you make very high probability trades, so it is not absolutely forbidden to trade after news releases and I like to trade there too

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