How do people that trade the news get the most up to date info ?

[Aston01]

A lot of times you see the news of a particular event come out and the stock has already reacted, so watching CNBC just isn't going to cut it for someone that makes their living trading the news. I know professional traders use a Bloomberg terminal @ about $1600+ a month w/ a 2 year contract, but what is the next best thing to a Bloomberg terminal ?

I have heard positive things about Reuters info, but next to nothing regarding actual cost or coverage of the services offered.

 

[BeginnerJoe]

The next best thing is the casino, where mostly it's either red or black. Is there any reason you believe you would be better at appraising the news than the professionals ? Often times when the news hits, even the professionals couldn't get it right. So the price move in both directions taking down all your stops and wipe you out. So the odds of winning is lower than the casino.

 

[Aston01]

I am not particularly looking to trade the news, but I figured that people that did would have a better idea of the more accurate news sources out there . In effect its their business to be in the know.

 

[BeginnerJoe]

ransquawk offers real time up to the 10th second news. If you do make money from that, all I would be interested to see is a broker statement containing all the winners. That in on itself is highly rewarding.

 

[bha1]

wait for the news spike and jump in on the retrace in the direction of the spike..works for me most of the time

 

[maxima]

ransquawk offers real time up to the 10th second news. If you do make money from that, all I would be interested to see is a broker statement containing all the winners. That in on itself is highly rewarding.

I got it... you are creating a virtual brand out of your forum name and then you will sell it on ebay.. Lady and gentlemen! BeginnerJoe who is asking for statements!

 

[Bint_Crusher]

A lot of times you see the news of a particular event come out and the stock has already reacted, so watching CNBC just isn't going to cut it for someone that makes their living trading the news. I know professional traders use a Bloomberg terminal @ about $1600+ a month w/ a 2 year contract, but what is the next best thing to a Bloomberg terminal ?

I have heard positive things about Reuters info, but next to nothing regarding actual cost or coverage of the services offered.

Checkout these guys
United Kingdom Chapter - Technical Analysis - Market Technicians Association - Technical Analysis
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The mta doesn't have many traders in their ranks but they sure know how to bull**** and impress the media, to do that they must have live fed data.
Their women are better looking than most of the traders as well, prob because some see it as a way into the media as a career which in reality is about anything else but expressing what is actually the troof.
whistlingwhistlingwhistling

 

[BeginnerJoe]

I got it... you are creating a virtual brand out of your forum name and then you will sell it on ebay.. Lady and gentlemen! BeginnerJoe who is asking for statements!

No. Statements containing winners are so rare, I get a warm fuzzy feeling just to get a glimpse. If you put your statements of winners up on ebay, I will bid.

 

[tures]

yeah!about cnbc!Maybe that's why the top one is faster, but it's probably just to stagger them out, make them each more distinctive, to be able to see them separately.

 

[alphahunter]

Ransquawk, CNBC, Bloomberg TV for the time-sensitive news. Given that I don't scalp nor trade intraday, I'm not looking for a ms feed and don't intend to compete with GS or UBS's trading desks.

 

[billvhillard]

Try Benzinga Pro. It's pretty cheap.

 

[tuscan]

you mean news or economic numbers ?
in the second case the fastest way to get them known to me is when you have professional platform like cqg with some additional cost you can have the number displayed in front of your eyes miliseconds after release

i dont know what u mean by "trade the news" its like "trade the noise" to me, most of market participants dont know the FULL detailed context and the real impact on value of the instrument they're trading

 

[Mattjs]

I Use Forex Factory personally

 

[drtro]

Trade crude oil inventory every Wednesday. It's what I did when I began trading. I can't keep up with news real time. You can try StockTwits. I've gotten on a few pump and dumps via some of those guys like PLUG and FCEL back at the beginning of the year.

 

[MistakesWereMade]

I know sources but I'm reluctant to give out this info... If you do research you'll prolly know where to look though. They're still very expensive and I don't think a news momentum trader is really that profitable, at least not anymore. Btw don't most brokers change the spreads whenever news breakout so trying to make a profit out of it is thin as ice.

 

[drtro]

Squawk Radio's are ways to get news as fast as traders on the floors get it. When I traded futures, I subscribed to a Squawk Radio on the CME and would always get in on /CL inventory statements every Wednesday. And just because the stock has already reacted and you didn't get in on the bottom doesn't mean it's too late to get in. I see 10-Ks moving stocks all the time and people in the firm I trade for just brush it off because it already moved overnight. I still buy and make a sizable profit. It's already proven one direction based on the report. It'll still get buyers over the next few days.

 

[gerryg]

Squawk Radio's are ways to get news as fast as traders on the floors get it. When I traded futures, I subscribed to a Squawk Radio on the CME and would always get in on /CL inventory statements every Wednesday. And just because the stock has already reacted and you didn't get in on the bottom doesn't mean it's too late to get in. I see 10-Ks moving stocks all the time and people in the firm I trade for just brush it off because it already moved overnight. I still buy and make a sizable profit. It's already proven one direction based on the report. It'll still get buyers over the next few days.

The same is on forex. I suppose that trading sessions overlap each other thus some movements on each of them are generally repeated. Itis not necessary to get news with skyrocketed speed it is enough to track market outcome on certain session (Japan for example) and expect the same behavior on rest of them.

 

[Vinayak1000]

I really think Bloomberg and CNBC are the best. Websites like MarketWatch are also great. Then for those periodic or recurring news events, its best to note down the times a week in advance and research them on the web. FXStreet is a leading source for reliable news information.

 

[ACstudio]

The free news feed on Thinkorswim is as fast as anything any retail trader is using. I would guess the only people using faster news feeds are using algorithmic trading (just a guess)....and I see them get smoked all the time by misreading the news or making the wrong assumption.
Just watch your news feed and the order flow around a binary event and TOS is literally only a second or two off the initial move. And it seems like half the time the initial move is the wrong way.

 

[MistakesWereMade]

I really think Bloomberg and CNBC are the best. Websites like MarketWatch are also great. Then for those periodic or recurring news events, its best to note down the times a week in advance and research them on the web. FXStreet is a leading source for reliable news information.

I've used marketwatch before they've a realtime section but the amount they cover is laughable. Out of 20 stocks to report earnings they might cover 3 at best. Other news feeds that come from your broker for example, there is enough to make your eyes explode.