The internet hosts an endless stream of news articles, and our job is to filter and gather those which are relevant to our trading.

Years ago, this was done manually… but these days, there are a number of services we can use to automate the process.

So this week, your “homework” is to set up a news-gathering system, and to begin familiarizing yourself with the types of articles you’ll be reading about in the weeks to come.[divider_padding]

Setting Up Your News Machine[divider]

The first thing you’ll need is a free Google account.

If you use Gmail or any other Google-provided services, you already have one.

If you don’t have a Google account, click here to register for one (click on ‘Create Account’)

With a Google account, you can now use the Google Alerts service.[divider_padding]

Google Alerts Setup[divider]

Google Alerts is a service that continuously searches the web for the latest news based on the search query we specify.

For example, if we set the search query to “ECB”, the service will keep a lookout for news articles regarding the ECB, and automatically send them to us as they are published.

Here are the steps to set up Google Alerts:[divider_padding]

Step 1 – Go to the Google Alerts website here.

First, make sure you are signed in to your Google account (at the top-right of the screen).

Next, type “ECB” into the “Create an alert about…” field.

Next, click on the “Show options” link.[divider_padding]

In the “Deliver to” option, select “RSS feed”. Then click the “Update alert” button.

 

Next, you will see an RSS icon. Right click on the icon and select “Copy URL/Link Address”. This is the link you’ll need for the next step.[divider_padding]

Step 2 – Feeder

Feeder is a free service that organizes the articles we get from Google Alerts into an  easy-to-follow list. Click here to get to the site.

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Click on the “Try Feeder” button at the top-right corner, and create an account.

You will then be prompted to start browsing for categories to follow. Since we already know what we want to be following, click “Skip”:

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Next, click on “+” to begin adding your Google Alerts news feeds.

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Copy the Feed URL into the empty field, click “Add Feed”, then click “+ Add”.

If you’ve done this correctly, you should now be able to view the list of related news articles in your reader page.

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Step 4 – Repeat as needed

Congratulations, have now set up a news feed covering the ECB.

Next, simply repeat steps 1 – 3 with as many search queries as you think are necessary.

Here are a few more you may want to use:

– Federal Reserve
– U.S. Dollar
– Draghi (head of the ECB)
– Jerome Powell (head of the Federal Reserve)
– U.S. interest rates
– U.S. inflation

Over time, you may want to refine and/or add more search queries according to your needs.

Lastly, don’t forget to bookmark the feed page so you can keep going back to read the latest news.[divider_padding]

For now, it is sufficient for you to set up your Google Alerts and Feeder accounts, and to familiarize yourself with the current news.

Get into the habit of visiting your Feedly page once a day. When you come across a term you don’t understand,  search for it in Wikipedia or Investopedia and you’ll find an explanation there.

At this point, some of these articles may not make sense to you… but don’t worry, the goal here is not to understand exactly what they’re talking about.

The goal at this stage is simply for you to get your feet wet and to introduce some financial and economic topics that you may not be acquainted with.

Later on, we’ll talk more about the significance of these topics and what they mean in modules 2 and 3.[divider_padding]

Next Week: We’ll learn why its SO EASY to fail at trading, even with intensive study and hours of practice. It’s all got to do with the little space between our ears…