How broker news feeds can help you lower risk as of January 2024
I've thoroughly tested Ally Invest services with our analyst team by opening a real-money account and these are my most important findings:
- Risk management is an important aspect of trading and investing
- A good news feed can help you make informed and well-timed investment decisions
- Ally Invest offers a good news feed, but there is still room for improvement
The value of a stock depends largely on what happens to that particular company, its competitors or the industry it operates in. Therefore, to make sure you buy or sell the right stocks at the right time, it's important to stay on top of the latest news. But with so many news sites to choose from, how do you make sure you don't miss any market-moving events?
If you pick the right broker, you won't have to venture far from your trading platform, as many brokers offer great news feeds. Some would simply channel one or more third-party news sources such as MarketWatch onto the platform; but many brokers also produce their own daily market commentaries and news summaries. Some also offer economic calendars, so you can keep your eyes peeled for upcoming earnings reports or shareholders' meetings.
Sounds like something you could use? Let's see if Ally Invest offers quality news for investors like you.
To find out more, read our in-depth guide to risk management, where we discuss various types of risks, as well as popular broker tools to handle them.
Is a quality news feed available at Ally Invest?
Not really - although Ally Invest does have a news feed, its quality could be much better.
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Data updated on January 11, 2024
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