Sources of information for news strategy
The news trading strategy is one of the most popular trading options on almost any exchange platform.
It can be used both when working on the Forex currency market and when trading on the stock market or commodity exchange.
Despite its apparent simplicity, there are a large number of nuances that should be taken into account when using this strategy in practice.
The strategy itself has been described more than once on our website “ Trading on Forex News, ” but today we will talk about the sources of information from which you can receive signals to open transactions.
Where to get news for news trading?
There are several sources of information that can serve as a source of news for opening trades:
Economic calendar – shows the time of news release for a specific asset.
A good option, but due to the fact that it often contains a forecast, the exchange rate begins to react even before the news itself is published. But nothing prevents you from opening a trade if you see the reaction of the trend even before the news comes out. The economic calendar is suitable for trading on the Forex currency market.
Economic news sites - today there are many reputable sites that publish messages about events in the world of finance, economics, or reports from various analytical agencies.
Here are the most popular ones:
- Reuters ( www.reuters.com )
- Bloomberg ( www.bloomberg.com )
- Associated Press ( www.apnews.com )
- CNBC ( www.cnbc.com )
- Financial Times ( www.ft.com )
- Wall Street Journal ( www.wsj.com )
- BBC News ( www.bbc.com/news )
- CNN ( www.cnn.com )
- Al Jazeera ( www.aljazeera.com )
- Xinhua News Agency ( xinhuanet.com )
Moreover, it should be noted that there are both free options and with a paid subscription; Bloomberg is considered one of the most authoritative options for stock trading.
News feed in metatrader – if you use this trading platform, then it has a built-in news feed.
True, the news here is published in English, but even if you do not know English perfectly, you can always use Google translator or another similar tool.
I myself have never used this source in practice, but perhaps someone will like it. Metatrader 5 also has its own built-in MT5 news calendar .
MT4 News Indicator – the tool displays current news directly on the chart of a currency pair in MT4 in accordance with the specified parameters.
It is possible to set up an alert when new news is released, this allows you not to miss the appearance of an important signal to open a deal. The disadvantage of the indicator may be the dubious source of information on the basis of which it works.
As you can see, there are quite a lot of options, you can test each of them yourself and then choose the most suitable one for your strategy. I myself prefer Bloomberg .