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-   -   Trade the News -- any good? (http://www.elitetrader.com/vb/showthread.php?t=190026)

Andiroo Feb 3rd, 2010 10:35 PM

Trade the News -- any good?
 
Hi

Does anyone subscribe to Tradethenews.com?

Its not cheap but is it any good? Are there cheaper alternatives?

Thanks

Andiroo Feb 3rd, 2010 11:01 PM

I don't "trade the news" but it looks like an interesting and useful news service albeit not cheap.

joe4422 Feb 4th, 2010 05:22 AM

It's great. The news service is easy to use and for a bit more you can get the SandP squawk box. I make the monthly fee easily by catching news pops, but be careful trading those if you don't have experience.


Have you not done the 2 week trial? You get two weeks, don't need a credit card or anything.


There is cheaper squawk box, tradersaudio.com. Google traders audio discount page and you'll get some links for the discounted rate of 75 dollars a month. You can also get traders audio for free if you have thinkorswim. Check the chat rooms on the software in thinkorswim and you'll find it.


Interactive brokers has a live reuters feed, you may want to look into that as well. It's free if you produce enough commission.

Cordog1356 Feb 4th, 2010 03:40 PM

Feedback on TTN
 
Its good for those who use a certain strategy. A pro at my firm uses it, but he's been in the business for a while. You have to be very fast when the news hits for it to be effective.

Just factor it into your cost/reward ratio and see if its worth it. You can get a free trail I believe.

Anaconda Feb 4th, 2010 03:54 PM

The nickname for that service is "Fadethenews". Too many pikers use it. The superior news services cost significantly more and are geared for institutions. Considering the lag of Tradethenews.com behind the other services, you might as well use briefing.com instead.

wouter Feb 4th, 2010 04:13 PM

The question si do you trade the news or do you trade the technical info ffrom your charts. It is important to know what your method is. You need to define that and write a trading plan, stick to that plan once you know it works. It takes patience and discipline, lots of it.


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