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How do you keep up to date with trading news/ events/ opinions?

idimitrov
Apr 25 2016 at 06:12
421 příspěvků
mlawson71 posted:
I am pretty sure there are plenty of people out there who know these news before they are announced and they leak them to others who have an interest to start trading as early as possible.

yeah, the news are traded before they came out.
idimitrov
Apr 25 2016 at 06:24
421 příspěvků
Market is unpredictable during news, so that stay away from the news.
mlawson71
Apr 29 2016 at 09:20
1487 příspěvků
idimitrov posted:
Market is unpredictable during news, so that stay away from the news.

I try to do just that most of the time. And even if I did want to trade news, the spreads on most pair increase to untradeable levels during that time.
kieran (snapdragon1970)
Apr 30 2016 at 14:33
1948 příspěvků
mlawson71 posted:
idimitrov posted:
Market is unpredictable during news, so that stay away from the news.

I try to do just that most of the time. And even if I did want to trade news, the spreads on most pair increase to untradeable levels during that time.

Some times it takes time for the spread to adjust,if its some unknown company it can take longer,I've traded stocks where the spread
changed the day after I made a profit.So many financial products they don't keep an eye on everything :)
"They mistook leverage with genius".
idimitrov
Apr 30 2016 at 20:52
421 příspěvků
Yeah, the thing is that we, as trader, want the odds in our favour and trading during the new is doing the opposite because it is very unpredictable
kieran (snapdragon1970)
May 01 2016 at 15:54
1948 příspěvků
idimitrov posted:
Yeah, the thing is that we, as trader, want the odds in our favour and trading during the new is doing the opposite because it is very unpredictable

Trade it up too the news or after,I trade stocks if they get whacked more than 10% or increase more than 10% on news,I use saddle trades sometimes as well.It would be insane to have a naked trade on the exact minute of data release.
"They mistook leverage with genius".
FXtrader2010
May 01 2016 at 18:36
724 příspěvků
SamBull posted:
Hi guys, I'm a beginner at Forex and I'm looking for a way to stay updated with analysis and opinions on the financial markets. Have you heard of this app tradebird Do you know what is it and is it useful? Thanks
no of that shit is useful, just a distraction. only need to know what news events can trigger market volatility and that's it. don't listen to analyst bs. focus on getting good at trading, not being a social butterfly.
mlawson71
May 03 2016 at 09:47
1487 příspěvků
snapdragon1970 posted:
mlawson71 posted:
idimitrov posted:
Market is unpredictable during news, so that stay away from the news.

I try to do just that most of the time. And even if I did want to trade news, the spreads on most pair increase to untradeable levels during that time.

Some times it takes time for the spread to adjust,if its some unknown company it can take longer,I've traded stocks where the spread
changed the day after I made a profit.So many financial products they don't keep an eye on everything :)

The spread changed to wider or tighter? On the next day, I mean. I'm asking because recently I read someone's complaints that her spread became wider the day after.
kieran (snapdragon1970)
May 03 2016 at 13:08
1948 příspěvků
mlawson71 posted:
snapdragon1970 posted:
mlawson71 posted:
idimitrov posted:
Market is unpredictable during news, so that stay away from the news.

I try to do just that most of the time. And even if I did want to trade news, the spreads on most pair increase to untradeable levels during that time.

Some times it takes time for the spread to adjust,if its some unknown company it can take longer,I've traded stocks where the spread
changed the day after I made a profit.So many financial products they don't keep an eye on everything :)

The spread changed to wider or tighter? On the next day, I mean. I'm asking because recently I read someone's complaints that her spread became wider the day after.

Wider.
"They mistook leverage with genius".
mlawson71
May 04 2016 at 09:11
1487 příspěvků
Huh, so that wasn't an isolated case, apparently. I've seen spreads becoming very wide during the news event itself, but never after.
kieran (snapdragon1970)
May 04 2016 at 13:07
1948 příspěvků
It depends on the broker provider and what your trading,if the broker gets it wrong on the risk and you get it right or if it hasn't been noticed because its some unknown stock.There is such a push on the popular names that the focus isn't on the unknown.If we are talking Eur/Usd the spread is very tight because everyone is trading it,even though its negative return,where as eur/mxn has a positive return.
"They mistook leverage with genius".
mlawson71
May 06 2016 at 09:50
1487 příspěvků
snapdragon1970 posted:
It depends on the broker provider and what your trading,if the broker gets it wrong on the risk and you get it right or if it hasn't been noticed because its some unknown stock.There is such a push on the popular names that the focus isn't on the unknown.If we are talking Eur/Usd the spread is very tight because everyone is trading it,even though its negative return,where as eur/mxn has a positive return.

Ohh, I've always wondered about that, actually. Thank you for explaining it.
Remaux (Clert)
Aug 10 2016 at 06:20
20 příspěvků
Besides other mentioned, I check this website for forecasts to make profits https://www.dfid.org/forecasts/
They rather often come true you know and I manage to profit from most of my trades
camforex10
Aug 10 2016 at 07:09
21 příspěvků
Bloomberg, Reuters etc.
xgavinc
Aug 10 2016 at 08:34
235 příspěvků
mlawson71 posted:
snapdragon1970 posted:
It depends on the broker provider and what your trading,if the broker gets it wrong on the risk and you get it right or if it hasn't been noticed because its some unknown stock.There is such a push on the popular names that the focus isn't on the unknown.If we are talking Eur/Usd the spread is very tight because everyone is trading it,even though its negative return,where as eur/mxn has a positive return.

Ohh, I've always wondered about that, actually. Thank you for explaining it.

Variable spread is adjusted on the following:

Higher than usual liquidity
[like news events. The quotes become 'out of price quotes', iow. the price you were quoted is already out of date due to high volatility, by providing a larger spread the margin of quote errors are reduced for the broker.]

Lower than usual liquidity
[The market is flat, like near dead. The broker increases spread to discourage trading on instruments it will find difficult to fill due to low liquidity, hence you will pay a premium to get filled.]

On brokers providing fixed spreads you will encounter more 'off quote' errors, as the broker will simply not fill orders on the above extremes.

As to the topic of the thread, I only look at the myfxbook news ticker and calendar to ensure that my account is within margin limits before an event. I do not specifically trade news events.
For every loss there should be at least an equal and opposite profit.
FusionPRO
Aug 10 2016 at 11:42
52 příspěvků
RANsquawk is a good up to the minute news service provider which both we and institutions are seen using.

https://ransquawk.com/
Frank
RedRhinoFX
Aug 10 2016 at 14:48
395 příspěvků
forex factory calendar xml into the mt4 trading platform. All my trading systems are automated and it is best to not have an opinion when trading.
Meltafoz
Aug 16 2016 at 05:28
15 příspěvků
I monitor economic calendar at forexfactory.com, also I see daily analysis and news feed, assists well for trading
Xiantero
Aug 18 2016 at 10:00
45 příspěvků
Clert posted:
Besides other mentioned, I check this website for forecasts to make profits https://www.dfid.org/forecasts/
They rather often come true you know and I manage to profit from most of my trades

I also check this https://www.dfid.org/news and also that one https://rankcup.com/news

And of course major economic calendars always come in handy.
Darren72
Feb 17 2017 at 10:10
12 příspěvků
You would need study the economic calendar on daily basis to keep yourself updated with the upcoming events, news and the opinions offered by the market communists or policy makers. You can check for the same in tradingeconomics.com or investing.com.
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