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Where do you get your financial news & investment ideas?
I'm using Jigsaw Daytradr with their included variety of different news feeds and their integrated economic calendar along with Guidants news, which is a German news source.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Can you help answer these questions from other members on NexusFi?
Wow @bobwest, well damn... it is as if you responded to this poll for me. If I had to describe my style of trading, it would be “pattern recognition” trading. Everything I need to know is on my screens. I’ve said this in other posts here on futures.io. 90% of the market is traded via computers, the market repeats itself every day, day after day. So most of the time, I can count on my signals to work. If 90% of the market were to be traded by emotional retail traders, I would be doing something else with my life. The only information I look at is the US Economic Calendar so that that I can sit out when the FED is talking. Outside of that, I don’t watch any news, whether financial, mainstream, or alternative, none, zero, nada. That way my mind is not corrupted with opinions or predictions that can warp my trading. I am pure pattern technical. Everyone has their way, and this is what works best for me.
I do have to admit something though, I stream Marvel Cinematic Universe Ambient Soundtrack Mix when I trade… it makes me feel powerful
Hi. I think you forgot 2 categories - paid services like Trade The News, (I don't use it, but I thought about it) and also non mainstream media internet websites - as opposed to Yahoo, BBerg, Reuters or CNBC (there are lots of them I suppose, but I check Zero Hedge regularly. It's a shame its so heavily trolled now). And like others, I use a calendar website like Forexfactory.com for report data.
Ft-71, I have considered Benzinga myself for my market related news however, they do not provide futures/commodities specific news, they are geared primarily towards only equities and options. I have even spoken to them about this and they have confirmed that they cater to the equities and options crowd.
Do you find them useful for futures trading or do you use them only for equities and options info?
These are two great poll question to ask. Where do you get your 1) financial news & 2) investment ideas?
I voted but the accuracy of my vote is weak because, just as FT71 mentioned in his answer above, I use completely different sources for 1) News and 2) Trade / Investment Ideas.
If we asked those same two questions in two separate polls I think the quality/accuracy and so the value of the poll results might improve.
So I suggest breaking this poll into two polls, 1) sources of News and 2) sources of Trade / Investment Ideas.
Depends in what type of instrument I want to invest in that moment. For stocks I use https://www.fool.com/ where I get some ideas about stocks that might be worth investing in, then I usually go to https://finviz.com/ and check the stats of the company I am thinking about buying (you can scan here for P/E ratio, debt ratio, cash flow etc.). For cryptocurrencies, on the other hand, I use https://tradingbeasts.com/, this one does investing as well as trading related content (there is also information on other assets categories than crypto, but not so much so I use it just for crypto).
When I wake up in the morning I read news squawk's morning briefing first thing to see what happened overnight. During the session I use financial juice as my news squawk. I'm a big fan so I have their lifetime subscription, and am an affiliate with them. I also keep an eye on a list of twitter users that post breaking news through tweetdeck. I read CNBC regularly to get an idea of market opinion and sentiment, and I read ZeroHedge for their reports on what the big wall street research outfits are putting out. Finally I keep a very close eye on new scholarly research studies being released.
I've been doing a lot of research about subscription news services like CNBC Pro, Bloomberg, Wall Street Journal, etc, but I just don't see the detailed macroeconomic research at a reasonable price I'm really looking for. ZeroHedge is probably the best with that, but it's maybe one or two gem articles a day amongst a whole slew of other trash that is worthless.
My goal is to be as informed about markets as possible. A lot of market movement is random and or has no informational content behind it. The only way to know what matters and what doesn't is if you can match it up with context about what's going on in the real world outside of the exchange. The more you understand about the current market the greater chance you have of being able to identify and capitalize on inefficiencies.
