Role of Market Information in Trading | Forex Factory

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Role of Market Information in Trading

  • #1
  • First Post: Edited Jun 13, 2013 12:42pm Jun 12, 2013 3:55pm | Edited Jun 13, 2013 12:42pm
I'd be interested to learn what role news & info services play in the trading of other retail traders, so here are some questions...

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1. Does following the news and/or market commentary services plays an important role in your daily trading?

2. Do you follow one or more news feed(s) and what kind of information are you looking for mainly?

3. Do you prefer a news feed in text format or an audio feed where information is broadcasted in real-time?

4. Do you think all the information you need is available for free or are there some kind of info it would worth paying for (news, order info, market analysis)?
  • #2
  • Jun 12, 2013 4:30pm Jun 12, 2013 4:30pm
1. Yes, it is the most important part of my trading. I use almost no technical analysis.

2. I follow several news feeds and analysis/opinion blogs. I am looking specifically for situations where a news release has the potential to move price significantly in one direction but not necessarily in the other direction. An example of this would be inflation data hitting a currency which is already trending in line with previously released employment data. I also follow events which can cause medium/long term trend shifts such as monetary policy statements.

3. Text, I don't use any audio feeds. I like to take my time dissecting a report and update my journal as I read it.

4. Freely available information is all I need. I don't see how paid services could improve the way I trade.
si hoc legere scis nimium eruditionis habes
  • #3
  • Jun 13, 2013 1:36am Jun 13, 2013 1:36am
1. No, as I think that the big sharks have the info and the tools to play it rapidly well before us, so I prefer to follow the trend using technical analysis.

2. 3. and 4 are irrelevant as I don't play news.

Regards,
BT
Simplicity is the Ultimate Sophistication.
  • #4
  • Jun 13, 2013 11:36am Jun 13, 2013 11:36am
Common people, share your opinion!
  • #5
  • Jun 13, 2013 12:24pm Jun 13, 2013 12:24pm
News plays no part in my trading.
  • #6
  • Jun 13, 2013 12:41pm Jun 13, 2013 12:41pm
I should have mentioned perhaps that market commentary feeds are included as well. So feeds with order info, some technicals etc.
  • #7
  • Jun 14, 2013 1:37am Jun 14, 2013 1:37am
Quoting broketrader
1. No, as I think that the big sharks have the info and the tools to play it rapidly well before us,
Shinzo Abe announced his intentions to devalue the yen in September 2012. By November it was clear he was going to win the election, which he did by a landslide in December. JPY then plunged week after week until may 2013.
Split second stuff here folks, you barely have time to grow a beard in between these developments.
si hoc legere scis nimium eruditionis habes
  • #8
  • Jun 14, 2013 1:53am Jun 14, 2013 1:53am
Quoting numbnuts
{quote} Shinzo Abe announced his intentions to devalue the yen in September 2012. By November it was clear he was going to win the election, which he did by a landslide in December. JPY then plunged week after week until may 2013. Split second stuff here folks, you barely have time to grow a beard in between these developments.
I was focused on periodic economic news releases like employment, PPI, NFP, etc Maybe that the Shinzo thing generated some kind of ripple at the minute of the announcement which we can consider as a NEWS. Then, it becomes a fundamental data.
Simplicity is the Ultimate Sophistication.
  • #9
  • Jun 14, 2013 2:57am Jun 14, 2013 2:57am
Reuters and Bloomberg news terminals are usually 2 minutes ahead of conventional news sites like FF.Trading floor/hedge funds squak box usually get the news as much as 30 minutes ahead.

by the time news reaches you its worthless,the big boys have already bet or planning a squeeze.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #10
  • Jun 14, 2013 3:52am Jun 14, 2013 3:52am
Quoting pemully
Reuters and Bloomberg news terminals are usually 2 minutes ahead of conventional news sites like FF.Trading floor/hedge funds squak box usually get the news as much as 30 minutes ahead. by the time news reaches you its worthless,the big boys have already bet or planning a squeeze.
Ok, I'm familiar with the Reuters/Bloomberg service, but what trading floor/hedge fund squawk box services do you mean specifically?
  • #11
  • Jun 14, 2013 5:24am Jun 14, 2013 5:24am
Quoting pemully
Reuters and Bloomberg news terminals are usually 2 minutes ahead of conventional news sites like FF.Trading floor/hedge funds squak box usually get the news as much as 30 minutes ahead. by the time news reaches you its worthless,the big boys have already bet or planning a squeeze.
I think this is B.S., it's a persistent and pervasive myth around here that this is how the "big boys" enter the market. I know there are traders who do this, but they aren't the ones playing with the really big bucks.

Tell me, if the "big boys" throw their weight into the market during minute-by-minute news releases and move price by a few pips, who causes price to move a thousand pips or more during major trends? Are these not the genuine "big boy" investors we should be focusing on?
si hoc legere scis nimium eruditionis habes
  • #12
  • Last Post: Jun 14, 2013 5:34am Jun 14, 2013 5:34am
1. use fully.

2,3. news feed no use for me.

4. From what I know, have everything I need for free. However, can you provide example of news you think one would be paying for? trouble with this is that big boys pay big money for some news. Small fry cannot afford these. And you cant say - because you small you will get same news for 1/100 of a price at the same time
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