Summary: Do you use the news to make your trading decisions? Or perhaps you’ve been wondering if you should learn more about trading fundamentals in relation to economic news and news in general. In Episode 562 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles discuss trading off the news cycles and how economic fears and hopes can influence the markets. Join us to learn more! Thanks for listening to The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes! Links for this episode: Subscribe to Rob's YouTube channel here: <a href="https://youtube.com/robbooker" target="_blank" rel="noopener">https://youtube.com/robbooker</a> Rob on Twitter: <a href="https://twitter.com/robbooker" target="_blank" rel="noopener">@RobBooker</a> The Traders Podcast on Twitter: <a href="https://twitter.com/traderspodcast" target="_blank" rel="noopener">@TradersPodcast</a> <a href="http://tfl365.com/" target="_blank" rel="noopener">TFL365.com</a> <a href="http://www.traderinterviews.com/" target="_blank" rel="noopener">Trader Interviews.com</a> Be sure to catch up with Scott Welsh at his <a href="https://www.scottwelsh.me/" target="_blank" rel="noopener">Website</a> and at <a href="https://twitter.com/swelsh66%20" target="_blank" rel="noopener">Twitter</a> Jason’s movie podcasts: http://moviepodcast.network/ - A group of eight movie-related podcasts covering new movie releases and many genres: sci-fi, horror, western, etc. Full Episode Transcript: Rob: I call this meeting to order. Jason: All right. Rob: The Traders Podcast Episode 562, I believe. Jason: I think so. It might be right. Rob: I'm not quite sure, but I believe it's 562 and want to welcome our new listeners to the podcast. If you want to start with the Traders podcast and you're brand new to the show, might I recommend episode one which you can find at traderspodcast.com. And if you like the show, we'd love to hear from you and you can leave a comment on the episode post at traderspodcast.com. Just leave a comment. We'll maybe read it on the air, answer your question. That kind of thing. Okay, let me ask you a question Jason. Nothing in mind, I just want to ask you, right now in the United States, as we're talking and as we're recording this message, what is the big news? Jason: Oh, the big news? Rob: First thing that comes to mind. Jason: Presently the NFL people kneeling and people standing for the National Anthem. Rob: Okay, it was easy. You came up with it. It rolled right off the tongue. It didn't take you a long time to think about it. Now, there are some days and times when answering that question is a little bit more difficult. There are quiet news cycles, and during those quiet news cycles, there really isn't a major thing. You might have said recently, Oh well it's Hurricane Irma or Hurricane Harvey or this devastation in Puerto Rico,' from I think it was Maria. Whatever it was. But from time to time, there's no major news but usually you can say, with absolute certainty, this is what the major thing that I'm hearing about in the news is. And today on the podcast, what I'd like to do is address how that relates to the world of trading, because there are traders out there who announce that fundamentals or economic news or just news in general, is the major driver of price action. And because it's the major driver of price action, that it is the sole thing that someone should focus upon. Now hey listen, I'm no one to argue with focus and I think that's a great idea. And I think that if you do want to focus on fundamentals and you want to make that a strategy, then focus on it exclusively and do great at that. And if you want to do that, focus on watching for the release of the economic news reports that come out and focus on learning how to trade short term strategies that are in line with whatever numbers were released or the surprise, or I don't know,
