Website 1: http://www.topnews.in/business-news/commodity-update
One of the websites that I recently started visiting more frequently is TopNews.in. This website is very organized and strictly divided into different segments. For instance, Under Analyst View, they divided the sector into TopNews UAE, Top News, New Zealand, Company News, Singapore, Asia Edition, United States and Spain. It’s mostly organized by region, as well as by the level of importance. For the FRE 501 trading game, United States would be the most relevant one. While the downside about this website is similar to that of Trading Floor – not everything are future commodity trading related, however, they do have a sector specifically dedicated to Commodity Updates (see link above). I find their news rather differentiated from the other commodity news that I usually get from Google News. Some of the articles they provided are written from a diverse perspective, and allows readers to view things from a different aspect. Furthermore, several of the articles provided on the website contain commodity trading tips and personal opinions from experts, hence it is not entirely news oriented. Personally I really liked this website for this, because it’s always harder to research for “opinions” than “news that has already happened”. Even though these experts aren’t responsible for our gains and losses from trading, and most of the time their opinions are biased to some extent, I still find reading professional’s opinions and tips more enjoyable and valuable than simply reading news report. This is also why I recommend this website to my fellow classmates this week: it contains a combination of news and personal tips from experts; readers get the best of both worlds!
Website 2: http://www.barchart.com/
I’ve also started using Barchart since Wednesday (Nov.7th)’s tutorial on technical analysis. While Trading Chart is still the go-to website for me when it comes to basic analytical charts, Barcharts provides better trading charts with more options. For instance, I find it much easier to analyze the trading charts with the price patterns colored (area), but Trading Chart doesn’t have that option, whereas Barcharts does. Therefore, to analyze the price patterns in more depth, Barchart is a more optimal website to get daily trading charts than Trading Chart.