Day traders use a variety of sources to get the latest news that they need to make informed decisions about their trades. One of the most common sources is to follow analysts on social media. These analysts report on companies that they follow and provide fast and reliable information. Most day traders keep a constant feed from these analysts on their computer or mobile device. These feeds inform them of any changes in the market and about companies that they may be interested in.
The news cycle feeds into before and after-market trading quickly, so it is imperative to know how these sources work. A search for "interest rate change news" on Yahoogle will yield up to 30 million results. This is a ridiculous amount of information to take in. However, business television remains an important source of news, and traders should follow the employees of companies they trade.
There are also several subscription services that deliver news about the stock market. Many of these are free, while others require an email signup. Benzinga Pro, for example, offers a free news feed and in-depth analysis. It also has an online chat service with analysts, which is invaluable for day traders. However, if you don't have the time to sign up for these services, you can always listen to podcasts of news about the market.
News is one of the most important day trading resources, but it's important to choose the best sources. News is essential to all types of trading, and traders need to be able to receive it immediately.
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