Discussion in ' Educational Resources ' started by billythekidd , Jun 28, Log in or Sign up. Elite Trader. Hey guys, been a lurker in the forum for a little while. All the news you mentioned are not really news outlets but rather adding own content on top of news.
Free Resources for FX Traders
They employ a few journalists who write stories on a few companies that's it. The full cables of the former 2 are quite expensive though Reuters less so than Bloomberg.
I use the Global Economics tape of Dow Jones News and find it to be extremely well tailored to traders. It covers everything the other news outlets do but also some specialist coverage on commodities and currencies that I find somewhat inferior in Reuters and Bloomberg. A comprehensive news feed with Dow Jones costs about usd per month.
If you can't afford that then Briefing dot Com sells a pretty good feed for 99 but somewhat limits itself more to US equity markets. Did I forget to mention Twitter? Many well timed trades I placed this year off Trump comments onTwitter.
Ransquawk/Talking-Forex - futures io
The ones you mentioned are crap imho. Before you choose any you should ask yourself what you need this exactly for.
All mentioned feeds only make sense when you trade on news. For research and analysis you don't need those.
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It is the fastest and most efficient way to stay on top of fast moving markets. They check hundreds of news sources and pull all of the information into one place - creating both a cost and time saving over checking all of those sources yourself!
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It is a relatively premium priced tool, so if you are trading a small account or just starting out then you may want to wait until you have a slight larger account and know trading is for you. They have specific news feeds for different products - so regardless of whether you trade currencies, stocks, indices or commodities there will be something for you. Just be sure to mention Two Blokes Trading and use the link at the bottom of the page.
If your trading style requires you to trade real time news events then you are going to need a live squawk. Hitting refresh on an Economic Calendar website economic calendar a million times a second is not conducive to a good trading strategy.
RANsquawk Review
You might get the news eventually but only after the professional traders have already moved the markets! For ECB announcements they literally have a mic in the room…. One of the best features of RanSquawk is their analysis. The live feed will look something like this:.
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This enables you to instantly tune into the markets either first thing in the morning or if you have stepped away from your trading for a bit. If you trade for a bank or fund you will have a team of analysts to back you up. This institutional level detail is often essential to many fundamental and sentiment based systems, across all asset classes. Without it you are trading hamstrung.