The best way to make money in the financial markets is to be aware of the latest news. Whether you trade stocks, cryptos or commodities, the price of an asset can move up or down depending on the news. In the past, investors that were first to receive a piece of news did better than those who received it later. Today, the availability of free financial news sources has made it possible for traders to stay abreast of market developments.
However, the sheer volume of information makes it difficult to discern what is factual and what is opinion. In fact, a recent study conducted at the University of Illinois found that fewer than half of participants could distinguish what was an opinion from what was a fact. This is why it’s important to follow multiple sources of unbiased financial news. This will ensure that you are not building an echo chamber of your own opinions or relying on AI-generated misinformation.
Moreover, the news that you receive should be relevant to your trading interests. For example, if you are interested in trading cryptocurrency, you may want to monitor sites that cover only this area of the market. Similarly, if you’re interested in investing in new ETFs like single treasury bonds or return stacked multi-asset funds, it’s important to keep an eye on the news about these products.
In addition to traditional newspapers, financial news websites and apps have emerged. These sites allow you to customize your content according to your preferences. They can deliver the most relevant and actionable insights in your inbox, reducing the time you need to spend on sifting through unnecessary information.