How to Utilize News Feeds in Trading Efficiently

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The market is a living organism, with events impacting prices on the go. Let’s find out how to stay in tune with the market news to have an edge in trading.

How to choose the news feed?
Today there’s no lack of market information available. Breaking news gets known worldwide in a blink of an eye. What makes a difference is how you select what matters and treat it in decision-making.

The needs of a trader
What does a trader need to have the inflow of information helpful? Check out the list below.

1. Niche-focused sources: Follow news focused on the market you trade only 
2. Actuality: This is a no-brainer – news must be timely
3. Visually appealing: Spotting and reading the release should be effortless

Of course, the points above are more of an absolute necessity for short-term traders.

News sites vs. aggregators
You must be wondering, “what’s wrong with simply checking Bloomberg-like media daily?” The answer is, due to the robust journalism, such news tycoons are likely to overwhelm you with extra information. 
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Suppose you trade Forex; look what happens when you click on the FX section on Bloomberg




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How many of those would be potential currency-movers? Probably one or two.

Sorting out what matters takes an additional mental effort, which could be used for executing your trading system. 

What’s the solution?

News aggregators!

Such services gather articles or any relevant updates from major agencies globally, presenting you with laser-focused data.

Best three news feeds and their perks
News aggregators or simply feeds can also vary. Below are some of the best ones and their features.

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Investing.com
The site offers broad market data, but the news section for a specific market is saturated with the most relevant news from different sources.



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Notice that the articles are posted by four distinct agencies: Investing.com, Bloomberg, Forexlive, and Reuters.

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Financial Juice
Here’s a promising startup taking news feeds to another level. It doesn’t stop on merely gathering filtered news, but posts live highlighted commentaries from key entities, easily catching attention. 


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You can also track upcoming economic releases from the calendar on the same screen.

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TweetDeck – top Twitter feeds in one place
The tweets management tool is perfect for organizing your informational flows – you can choose what to follow and how intensively.


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You can see several feeds simultaneously. However, there’s a natural limit to how much information the mind can process. It would be healthy to stick to 2-3 accounts.

How to act on the news
It’s an art to be able to monetize news. Below are three essentials to turn news into opportunities.
Have fundamental biasBroad bias is essential to put your next trading idea in context. Gather several facts that may impact a general sentiment on a particular asset. As such, critical economic data releases or comments from the regulator can set the market tone for days to come. 

Follow the price action
Regardless of the facts, the market may behave irrationally. One approach is to follow the price, seeing a data release simply as a catalyst in either direction. Another way is only to take price action setups that align with fundamentals.

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​Add to your trade conviction
Sometimes you may see a compelling setup but would hesitate to take it due to the lack of evidence for the preceding move. Look through the news feed; it might offer you a reason.

Suppose you were waiting for a bullish breakout of 1.03 in EURCHF below.

You might hesitate to buy due to the absence of euro-related news or the unimpressive ATR potential of the pair.
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Here’s what Financial Juice tweeted right when the price was getting above the key level.​







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As you see below, the breakout turned into a nice intraday move.






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Similarly, you can check the feeds to find intraday catalysts, boosting the market momentum.

Final words
Traders should take their attention limits seriously to avoid information overload. News aggregators are a prudent way to make informational flows digestible. Use live news updates to add odds in your favor while considering price action setups.

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