2006-07-09 07:01:24 · 6 answers · asked by Curious_Trader 1 in Business & Finance ➔ Investing
I've been using CNBC for charting my stocks for at least five years now.
I like most of what they offer, especially information on insiders trading and what mutual funds are buying.
I find it difficult to follow their stock ratings because they are usually way off target.
Stocks can trade rapidly at times, and it's all about herd mentality.
There is every reason in the world for wanting to buy stock in Ford right now, but I wouldn't touch it since it seems mired in severe problems even though they continue making sales.
Those sales are misleading. They have to use gimmicks that get a price of a thirty grand S.U.V. down to eighteen grand with all kinds of screwy give backs and rebates and warrantees that it's become a big joke.
However, your question is also about Forex of which I want nothing to do with.
So, hope my insight on CNBC is of some help.
2006-07-20 13:01:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Market reactions to news is not always what traders anticipate. CNBC only gives facts about the market, but where the market moves to is another question.
2006-07-09 08:44:42 · answer #2 · answered by marketwizard 2 · 0⤊ 0⤋
I believe short term trading is difficult based on breaking news because news is rarely accurate. Your best bet for shot term trading is to use Oanda and learn how to read charts and indicators
2006-07-09 07:11:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I don't trust them, except to watch an interview or two.
2006-07-09 09:45:08 · answer #4 · answered by 6 · 0⤊ 0⤋
some time it gives manipulated information
2006-07-21 18:02:38 · answer #5 · answered by pradeep 4 · 0⤊ 0⤋
Of course they have -- but probably not on purpose.
2006-07-09 11:04:30 · answer #6 · answered by Ranto 7 · 0⤊ 0⤋