Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Follow news, economy and fundamentals while trading?
Most of the discussion here seems to focus on technical trading. Does anybody follow intraday news, or economic reports, or other fundamental information while trading? I'd like to think yes, though as a scalper I tend to ignore the news and let the market come to me and take money out of it. However, if trading over a longer time frame market sentiment and news plays a larger role. If so, which news sources do you follow while you're trading? (CNBC, Bloomberg, some online news feed, etc)
Can you help answer these questions from other members on NexusFi?
Yes, there are some events that demand attention and respect. But I don't watch CNBC anymore while trading, I prefer it to be as quiet and relaxing and non-distracting as possible.
I use forexfactory.com for their calendar. I am trying to program a C# method to pull data from their calendar that relates to the markets I trade so an indicator within NT can tell me when not to trade automatically, but for now I just visit forexfactory daily.
Yeah, with Forex you have to be aware of central bank and other announcements. Same with treasury futures. With commodities you have to be aware of days where supplies/inventories/yields are reported as well. With index futures, probably not so much, maybe macro-economic reports like job reports, consumer confidence/sentiment, durable goods, purchasing managers reports, etc. but many times the market shrugs off those reports, other times it responds strongly to them.