Wow, that is excellent, I have a suspicion we are talking about major savings. MNI give 4 hour delayed feed free but don't even hint at the price for the live feed. I wouls suspect around $200 a month based on other news feeds I checked out.
You can still profit from the "noise" the news generates... Try trading the bonds without paying attn to news, and see how many times one can be smacked square in the ass unexpectedly.
Quote from ertrader1: LOL no disrespect ...but cnn money IS NOT FUCKING NEWS, LOL. Niether is smartmoney,cnbc, cnnfn, or any of those amture websites.....let alone Briefing, all be it briefing is the better of the online news sources. < Pay sources have their place, but acually, those "amateur" sites that you list are the best sites because they tell you what 95% of the small people are hearing, and that is the info that market professionals need to know. You knock Peter which is a joke. Peter is likely one of the most profitable traders on this board in IMHO. Some of the absolute best traders around look at the big "amature" news sources and then read the mood of the markets to make either consitent or contrarian decisions. Of course brilliant traders like Mr. ertrader1 have their much better "special" news sources and are much smarter than market professionals and consistant winners. I would like to start a web service called "Secret News that NOBODY Knows". You can be my first subscriber, sucker.
The question was "Is news necessary to trading?" The answer is or should be no. Now if you were being asked would you prefer the option of the news virtually no one is going to say no or oppose that. News is simply not the day to day driver of the market pattern. Also you can observe many occasions when you get bullish outcomes following bearish news or vice versa. The news itself is not necessary for me .. so much so that for the few 10 o'clock major economic news items its the often bullish run-up that is the distortion to anticipate rather than the news itself but of course this is common knowledge. If you have done a well researched job using the correct parameters and put in place a highly reliable predictive system the market itself (ie DOW) will operate as you anticipate. From this perspective you can see why others may simply see a news item as driving a market when you could see beforehand that was going to be the direction anyhow. Equally you can see why a news item may not hold a market to the direction you would otherwise expect that news to dictate. I must add a personal caveat: I'm not a news buff because I know it doesn't remove the anticipated pattern/direction for my trading. Also .. each to his own for what you say works for you.