#Newsflow 24 how to#
#Newsflow 24 drivers#

Although looking back, a key moment that provided a stark look at Twitter’s growing importance on financial markets came after the “hack crash” in 2013. WHEN DID TWITTER BECOME IMPORTANT FOR TRADERSĪP “Fake” Tweet (April 23rd, 2013) | DJIA -1% in Minutes Before Retracingįor me, this is a tough one to pinpoint, given that I have only been in markets since 2014. Since the creation of Twitter in 2006, the micro-blogging platform has seen its user base grow significantly, becoming a renowned source of breaking news, updated instantly by those who are closest to the event, ranging from journalists, government officials, company executives or even a bored multi-billionaire, looking at you, Elon (who may end up owning the platform. Whether you’re a millennial on TikTok hoping to become the next viral sensation or someone who scrolls endlessly through Instagram, social media has fundamentally changed the way that we interact with each other and disseminate new information. As is usually the case with anything you do in life, experience over time is what counts, which will go a long way in helping you digest key macro newsflow efficiently.Īs I mentioned above, DailyFX has covered this topic in great detail, so for a complete comprehensive guide on trading the news, click on the link below. I appreciate that this is a skill that will not be mastered immediately, and quite frankly may never be completely mastered. If your answer to both questions is ‘no’, then you can say with good authority that the new information is not market moving.

Is this information new and if so, does it deviate from the market narrative (consensus/expectations).

W hen incoming newsflow is flashing on your screen, you can break it down by asking two questions: H owever, there is an argument that a lot of macro news is simply noise and does not have a significant impact on the assets you trade, and I do sympathise with that view to an extent. Subsequently, whenever new information is released, whether that be economic data or central bank rate decisions, the price of an asset will typically move to find a new price, which reflects that information. Keep in mind that the current price of an asset reflects all available information (or so it should, according to the Efficient Market Hypothesis). With this knowledge of key market drivers, alongside current market positioning/sentiment, as a trader, this will better prepare you as to how markets will react to new information.

#Newsflow 24 drivers#

Therefore, it is important that at first, you have a firm understanding of the fundamental drivers for the assets that you trade and are also constantly up-to-date with the current themes/narratives. TRADE THE NEWSĪn area that has been covered extensively by DailyFX is “trading global macro news”, which ties in quite nicely with how you can approach social media for analysing financial markets. So for those looking for the Reddit trading 101 guide, this is not the report for you.

#Newsflow 24 how to#

I will go through notable examples I have seen in recent years where social media has provided an edge for traders, alongside a helpful insight on how to use social media efficiently and spot fake news!īefore going any further, I would like to state that I will not be providing any insight into the Reddit retail trading army of WallStreetBets, mainly on the premise that I haven’t used the blog myself (and don’t intend to). In this article, I will discuss how financial market participants can utilise social media, with a particular focus on Twitter as a key resource to track vital market-moving macro news. Since the introduction of social media, the 21st century trader has had a new tool at their disposal. How Traders Effectively Monitor Twitter.

Examples: Twitter Ahead of Traditional Newswires.

When Did Twitter Become Important For Traders.