I have an open microphone policy in my store room that allows members of the trading room to contact them in cash trading. It's not uncommon to talk to a room stall and hear a financial network that is heard in the background. I am convinced that trading in financial news may be very damaging to your trading success. These networks typically motivate individuals to evaluate current market conditions and predict the different aspects of trade and investment.
But there is a particular problem with acquiring trading information on the network. Each of them has an agenda to complement or supplement their trade. In addition to being on an agenda that is usually based on the political culture of the network, many of them just think of the potential results of daily market activity. How good is that?
To become a profitable trader, it is imperative to conduct your own chart analysis and start trading based on the analysis. In the short term, only diagram analysis is an acceptable way for trade and real-time indicators. It is not questionable whether the television "talking head" can predict the short-term price movement.
Today was a great example that our analysis is much more valuable than the brainchild of network commerce. I often listen to one or more financial networks before trading begins because I'm interested in NASDAQ shares. Among the morning panelists, there was a general consensus that the NQ would rise to a new level in the morning session.
Guess what? Breakfast NQ was a disadvantage, not the head. The market did not make the slightest attempt at the rally, but remained a humiliating continuous channel and spent a lot of time testing new lows. So much for television prognosis. This is usually just general speculation, which often coincides with the speaker portfolio. Even worse is the chance of speculation about how to do it .
Another great example of this misinformation about these "talk heads" market forecasts are based on overnight futures management. In my experience, as futures prices are falling from one day to the next, this only indicates a slight correlation that the cash traders planned for the day. So, the year after, you hear that "a one-day futures-price action indicates that the market is at a disadvantage", it can usually discard information about foolishness. Night traders and cash traders are two distinct groups and often have different goals and motivations.
In summary, I listen to music or just enjoy the silence, while trading and counseling by "experts" can cause you (or me) directed distortion. A day when there is a desperate difference is the recipe for disaster trading. Do yourself a favor and give up on "experts" and make your own trading decisions based on what's on the map.