Ransquawk free now rubbish?

[scose-no-doubt]

I've been on the sidelines for a while and when I used to use it there was a MAX 2 min delay (though usually less) on the free squawk but now even forex factory clears first.

What gives?

Any alternatives?

 

[Masquerade]

It's now a 5min delay, it's fairly useless except for if you just want to generally know what's going on. Twitter's not bad though.

 

[scose-no-doubt]

5 minutes lol. They might as well take down the free page. I don't have a twitter account. Who should I be looking at?

 

[the hare]

a) get yer wallet out !

b) do wot i do and ignore news !

c) blackmail em for a free trial of the full product (photoshop some compromising piccies of their CEO with a mountain goat and 2 nuns)

d) Ask em for a years free subscription in exchange for writing a nice review of the product in an article for t2w "News Trader Scose-No-Doubt reveals his secrets to making a fat wad" kind of thing

wot do you do with this info ?

 

[scose-no-doubt]

a) Certainly not
b) Can't
c) I've already got Black Swan working on this for me
d) T2W don't like me


I watch...

 

[Masquerade]

5 minutes lol. They might as well take down the free page. I don't have a twitter account. Who should I be looking at?

Get one then?

You can follow zero hedge, ransquawk (lol), forexlive (Forex News | Currency News by ForexLive) , I guess you can follow things like FT/Reuters/BBC although I try not to follow too many to stop feed getting clogged up.

Alternatively you can get some free trials on things which should tide you over for a few months. Or you can pay £20/month for the other RAN product which is mainly FX but you still get some other stuff.

 

[Pferd]

Overpriced service + arrogant customer care. Have very bad experience with them.

My recommendation: Don't give them your money.

In any case, the service they (or any of these companies) provide is not going to improve your trading results. At the retail/short term trading level is not necessary to have access to real time headlines. That will only take your concentration away from the screen, the only place you need to look at. The chart in front of you already provide you with all the information you need to know for your trading.

If you are an institutional investor/big size trader you would have already a Bloomberg terminal. And for sure you will not be asking about this here.

If you want just to have access to financial news in general, there are hundreds if not thousands of free sites.

These guys just collect/aggregate the information they see on different sources and deliver it to you in one stream. But there is nothing more to it and as said before, is not going to bring any profits to your trading.

 

[Masquerade]

I agree and disagree with the above. If you're purely a TA person then it makes no difference. Knowing what was going on today did happen to lead me to being cautious and not trading a few times, had I stared at just the charts i'd have traded and made a lot more. The thing I disagree with is that they won't bring profits to trading, knowledge is power and if you trade using fundamentals it doesn't hurt to have a general idea what's going on in the market.

I have experienced first hand how RANsquawk operates and it's as you said. But if you just want someone to read the headlines and don't mind a slight lag it's an ok alternative to the other feeds out there. Having said that, you can get plenty of the stuff on twitter these days, even before they break on RAN.

 

[robster970]

Stopped using it because I don't need news to trade. If anything having it has a detrimental effect for me.

 

[maxima]

sigma is good.... i wonder... how do you guys use twitter in reality. as long as i understand you search for a keyword or subscribe to 'follow' some active publishers and in return you get bunch of short messages.. about 30 on one screen... i just dont get it. how do you process this information? for me personally to read 30 texts would take almost a minute to reconcile and decide what is rubbish and what is not and then to find which one helps me not just the whole world.... surely you can get RAN faster than that......

 

[Liquid validity]

a) get yer wallet out !

b) do wot i do and ignore news !

c) blackmail em for a free trial of the full product (photoshop some compromising piccies of their CEO with a mountain goat and 2 nuns)

d) Ask em for a years free subscription in exchange for writing a nice review of the product in an article for t2w "News Trader Scose-No-Doubt reveals his secrets to making a fat wad" kind of thing

wot do you do with this info ?

:cheesy:

 

[Liquid validity]

Yeah, seriously get your wallet out.
RANsquawk
Personally I just don't use it anymore, don't need it for what I do.

 

[dailytrader52]

I watch bloomberg when news is imminent and the news comes up almost spot on, at the published time.
By subsribing to these services like ransqwak do you get the news before the published time?

 

[Liquid validity]

I watch bloomberg when news is imminent and the news comes up almost spot on, at the published time.
By subsribing to these services like ransqwak do you get the news before the published time?

No...
Obviously some do, insider info with equities.
Forex gets leaked a lot (except NFP, FOMC - the headline stuff) prior to
official release, so debateable whether a squawk is any use.

 

[tony1979]

Overpriced service + arrogant customer care. Have very bad experience with them.

My recommendation: Don't give them your money.

In any case, the service they (or any of these companies) provide is not going to improve your trading results. At the retail/short term trading level is not necessary to have access to real time headlines. That will only take your concentration away from the screen, the only place you need to look at. The chart in front of you already provide you with all the information you need to know for your trading.

If you are an institutional investor/big size trader you would have already a Bloomberg terminal. And for sure you will not be asking about this here.

If you want just to have access to financial news in general, there are hundreds if not thousands of free sites.

These guys just collect/aggregate the information they see on different sources and deliver it to you in one stream. But there is nothing more to it and as said before, is not going to bring any profits to your trading.

Ranvir, who runs it, is an 'A' grade @r5ehole. That's a good enough reason in itself not to use it.

 

[Hoggums]

Listen to bloomberg radio on the net - only a few secs delay on the major news announcements...

Bloomberg Radio - Bloomberg

 

[Pferd]

Ranvir, who runs it, is an 'A' grade @r5ehole. That's a good enough reason in itself not to use it.

Correct. In addition sometimes he is not only arrogant but does not know what he is talking about and does not want to accept/listen to anybody.

Stay far away from them if you don't want a really unpleasant experience. The guy has no education or manners whatsoever.

 

[Vorbis]

I've used this free news feed on occasion, but not too recently so don't know for sure if it's delayed or not or by how much (I think it used to be delayed by about 5 seconds?).

Talking-Forex - First for FX News

 

[geurillatrader]

@ scose-no-doubt and masquerade, I'm in the process of developing an alerts sytem for people who trade on news, looking for guinea pigs to try out a prototype, prob be ready by july, when I'll be doing a 2 week user acceptance test.

It looks like you're both of the same opinion as me that news is part of the trading decision making process, so I thought you might be interested.

For the record I can think of several times when I've made good money trading on news stories and economic data announcements... you just have to know whether something's already factored into the price or not, which admittedly is often just a hunch.. Also improtant is getting out quick as news events often cause quick movements followed by quick reversal.

 

[maxima]

what is the source of information in your system?

anyone can make that system. what you feed in is important.