Where can I get sound realtime market analysis and news

I am a newbie to spread betting having only started trading over the past 6
weeks. I have to say it is not going well. I have always had an interest in current
affairs and I monitor the economic situation closely etc but whenever I actually trade
the market it always seems to go against me. It's as if I am the last person to
find out what is happenening, I can only think that it is perhaps an experience
issue. What are the best websites or services out there (prefersably free)that
can provide me with news and analysis in real time ? By the time I read most
news stories the market has already moved.

apatel said:

I am a newbie to spread betting having only started trading over the past 6
weeks. I have to say it is not going well. I have always had an interest in current
affairs and I monitor the economic situation closely etc but whenever I actually trade
the market it always seems to go against me. It's as if I am the last person to
find out what is happenening, I can only think that it is perhaps an experience
issue. What are the best websites or services out there (prefersably free)that
can provide me with news and analysis in real time ? By the time I read most
news stories the market has already moved.

Click to expand...

STOP TRADING NOW... paper trade/demo trade, ask questions, learn, absorb info. from all directions, immerse yourself into your chosen subject...but for pity sake don't (at your level) attempt to trade (any security) using fundamentals or news releases..:-0
Don't rush, down tools and make this the first day of your trading career...

Ok.. Tools down.. now where is the best place to see breaking news stories
economice data etc.. ideally for free but failing that something not too
expensive.. I want to be able to see breaking news/events/corperate results etc
as quickly as possible.

Your spreadbetting provider's platform should provide you with breaking news. Open an account, place a minimum amount of funds in it and get a free service from the platform.

Why are you hung up about breaking news...?

I would suggest that you pick 5 companies from FTSE 100 and follow their fundamentals and price action at least for a year.....I would suggest that forget about any freebee, as it will not help you...Invest in some form of software that provides prices, fundamentals and some form of TA....Sharescope is perhaps the most economical...Also be aware of all singing and dancing softwares that are being touted as being used by everyone under the plant - they are useless...!

Also learn TA....there are some indicators that work very well....also look at which indicator to use and when with what period setting etc etc...You may find that your sucess rate may be perhaps 50 - 60% maybe...Even the best traders do lose some and sometimes many trades......Remember Nick Leeson...!

And then you can hit the town with some sucess rate..!

Just begin to get some sort of strat. sorted first, here's a starting point, the site has sadly been plagiarised to death by 'system sellers' but it's ok and as good a place as anywhere to start off, particulary if you want to swing trade equities.
This guy also has the simplest explanation of price action ever;

Swing Points

For a swing point low, the first candle makes a low, the second candle makes a lower low, and the third candle makes a higher low. This third candle tells us that the sellers have gotten weak and the stock will likely reverse.

For a swing point high, the first candle makes a high, the second candle makes a higher high, and the third candle makes a lower high. This third candle tells us that the buyers have gotten weak and the stock will likely reverse.

Here are pictures of the candles to help you better understand swing points:

http://www.swing-trade-stocks.com/entry-strategy.html

Also here's a bit of the intro. blurb that may interest you...

Learn the Swing Trading Strategy

In the second section, you will learn swing trading strategies using charts and technical analysis. As a swing trader, you are mainly interested in short term moves lasting between two and five days.

You do not care about the fundamentals of a company.

You do not care what kind of products they sell.

You do not even care what the name of the company is.

As a swing trader, you are making trading decisions based on the laws of supply and demand - and nothing else.

Here are the two things that you are interested in...

Is there money flowing into this stock or is there money flowing out of this stock?
How can I get into this stock with the least possible risk to my trading capital?
That’s it! You have be able to answer those two questions in order to be a profitable swing trader.

In section one, you will learn swing trading concepts to answer the first question. In section two, you will learn swing trading techniques to answer the second question.

http://www.swing-trade-stocks.com/learn-swing-trading.html

Most short term traders rely solely on technical analysis and completely ignore the fundementals.
Most long term traders rely solely on fundementals and ignore the technicals. To be a rounded trader I dont see the harm in using both approaches.. personally i rely heavily on fundementals and use the charts for timing.. markets have a memory and the charts are excellent at graphically illustrating that.. but most technical analysis has little predictive value.. i think you do need real time news etc to get any good at this game the proffessionals will use bloomberg and reuters (pro) but they are extremeley expensive.. as someone said here see what your platform provides and try and get to grips with that..the style of trading I think you are talking about is called "event driven" and to trade that approach you will need fast information!.. good luck

bollucks to all the other posts .......... all you need is a 1 min stochastic , buy when its at the bottom turning up , and sell at the top turning down .

you will make millions !

price777999 said:

bollucks to all the other posts .......... all you need is a 1 min stochastic , buy when its at the bottom turning up , and sell at the top turning down .

you will make millions !

Click to expand...

you will make millions for your broker..never tried trading on that time frame myself but surely it would generate a load of signals ?.bet you get chopped to pieces over lunch time (or thanksgiving tomorrow). Anyway whatever time frame you choose newbie trade the minimum size you can until you get comfortable.. good to read up on technical analysis because whatever you think of it it is so widely used that it does have an impact in itself.

Broker ACM has a great news section at their website, it even has an economical calendar that you can subscribe to just by entering your email address.