Honestly- I am so confused as to how to read the news? Is there a good structure at reading stuff in the morning? What do you guys read that really can summarize the markets for you in a few mins.
I usually just go on Bloomberg and CNN Money and read whatever is "interesting" for 20 mins but feel like I don't know what I "should" be reading.
Advice?
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Financial Times
Step 1: Open the news source. Step 2: Start reading. Step 3: Stop asking stupid questions.
I would subscribe to the NYT Dealbook morning email blast. I normally read this (following up on any particularly relevant sections), then Seeking Alpha's morning email push, then skip on over to the WSJ app on the iPad and read through the "What's News" section, followed by skimming a through relevant / interesting articles in the Business and Money/Investing sections.
Whole process takes place while I'm drinking coffee/eating breakfast, so it doesn't really cut into my workday and I feel somewhat informed. Sounds like a lot, but it really only takes 15/20 min to have a high level overview of the day.
Maybe this isn't your industry if you get bored with reading something after 20 minutes.
I simply add my favorite Market News Source to my RSS feed in Microsoft Outlook
Financial Times, Economist, Bloomberg homepage
Market News - How To Read It (Originally Posted: 04/10/2012)
I’ve been reading the news on Dealbook etc for the past few months but I don’t feel like I can go on and on about market trends, opinions and expected changes yet. I may be ‘reading the news wrong’. Can someone briefly explain what I can do?
I’m assuming in interviews you need to be able to give your opinion on the market… but how do you do that? Does it just ‘come’ into you’re the head or something? And how much detail do you really need? Are there no summaries out there that can help out? There’s a lot of news I don’t understand because of the complexity of terminology contained within the text. I do google for definitions but some of it still doesn’t make complete sense e.g. Greek credit crisis.
Also - if you want to go into trading - I'm as suing you should also read a lot about your area of interest e.g. FX or Derivatives etc? Is there a website that breaks things down?
Thanks in advance!
noone talks about market in the interview, only sports and food
start with this:
http://www.hookedonphonics.com/
just keep reading things that interest you first, and in those articles look up things you don't understand.
*rinse & repeat
eventually you'll find yourself understanding more and more
Yes, there is an extremely overwhelming amount of financial news/information out there that isn't easy to understand especially for someone who is at the beginning stages of learning. The best way to learn is to continue reading as much as you can in order to get well acquainted with specific terms and ideas so that when you have a good enough understanding of things you will be able to formulate your own opinions and have evidence to support it.
It in no means is easy, but it's something that takes time and continuous exposure. I mean there are guys that have been in the business for years that that are still learning.
Websites like investopedia.com are great because they have a huge financial dictionary and videos that break things down.
There is a reason why experience counts; it takes a lot of time to get the puzzle pieces and links between them sorted out in your head. Probably years.
For global macro, make sure you understand the various institutions and what their powers/mandates/limitations are. FED, ECB, BOJ, European Commission, IMF, etc. Try to get a basic sense of the goals and fears of each major nation. Know your history. Learn who the power players are and read their speeches / op-eds.
For micro your focus is too broad. Get to know 1-2 currency pairs extremely well. Read everything you can about them. Learn the rules governing the products. Learn some of the popular trading strategies. Watch the charts and their reactions to headline events. What news moves prices up/down? Which news is priced in? Which moves reverse?
I've been wondering the same thing. It's time consuming to read one article on dealbook. What I am guessing that most pros do is that they scan the article for the important parts, but I am not positive.
For interviews, read some market commentary then literally regurgitate for the interviews. I know this is not the answer you'd like but it works effectively if you at least understand what you read.
Any suggested good market commentaries?
Thanks for all the other suggestions!
Thanks so much!!! :)
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