Watching the CNBC Channel for Stock Market Information
As a stock market trader I rarely watch the news for my trading decisions since I base my trades on technical analysis. However there are valuable nuggets of information you can glean from the screen, that is if you have the patience for it.
The main financial news channel to use would be CNBC. You can access it online or via cable. CNBC is the biggest of its kind, although there are others available. Along the bottom of the screen you get the market prices and other data, while the newsreader goes through all the events of the day that has affected the markets.
It can be difficult enough to watch this channel all day long as there will be a lot to take in unless you have a specific piece of information you are looking out for. But what makes it all that bit more annoying to watch is the commercials. They tend to repeat the same advertisements over and over, and the commentators tend to make bad news worse than it really is, so if you can put up with that you're set to go.
Many people think that all trading decisions are made based on news items alone. This is a bad way to trade. You know, the traders that buy on good news and sell on bad news. This is one sure fired way to lose your shirt and investment with it. I know that sounds a bit strange, telling you to sell when news of a company merger takes place and the like. But sometimes you have to add a bit of your own initiative and apply some technical analysis along with your fundamental analysis to get results.
So what I would do is check the financial news on CNBC then go over to your charting software and see that your technical analysis is giving the same signals as the news item. As I say there are some very useful information you can get from CNBC, but be careful not to get into the habit of buying on good news all the time. I guarantee you will lose money in the long term. If it were that easy everyone would be doing it.
As I mentioned at the beginning, I don't bother with the CNBC news at all in my investment activities. Sure I will still do fundamental analysis and maybe look at a company's balance sheet and check out the markets a bit, but the final decision lies with technical analysis.
The main financial news channel to use would be CNBC. You can access it online or via cable. CNBC is the biggest of its kind, although there are others available. Along the bottom of the screen you get the market prices and other data, while the newsreader goes through all the events of the day that has affected the markets.
It can be difficult enough to watch this channel all day long as there will be a lot to take in unless you have a specific piece of information you are looking out for. But what makes it all that bit more annoying to watch is the commercials. They tend to repeat the same advertisements over and over, and the commentators tend to make bad news worse than it really is, so if you can put up with that you're set to go.
Many people think that all trading decisions are made based on news items alone. This is a bad way to trade. You know, the traders that buy on good news and sell on bad news. This is one sure fired way to lose your shirt and investment with it. I know that sounds a bit strange, telling you to sell when news of a company merger takes place and the like. But sometimes you have to add a bit of your own initiative and apply some technical analysis along with your fundamental analysis to get results.
So what I would do is check the financial news on CNBC then go over to your charting software and see that your technical analysis is giving the same signals as the news item. As I say there are some very useful information you can get from CNBC, but be careful not to get into the habit of buying on good news all the time. I guarantee you will lose money in the long term. If it were that easy everyone would be doing it.
As I mentioned at the beginning, I don't bother with the CNBC news at all in my investment activities. Sure I will still do fundamental analysis and maybe look at a company's balance sheet and check out the markets a bit, but the final decision lies with technical analysis.
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