Should you use a squawk service? A news squawk service litera | Forex Trading Experts 📊 HYCM

Should you use a squawk service?

A news squawk service literally talks the news out to you over a microphone. You then receive the spoken news on your computer’s speakers. It gives you access to a team of people looking at the markets for you. When something significant happens in terms of news flow or price movement an audible voice lets you know very quickly what is happening. So, for example, it could be that there is a sudden 25 pip move on the GBPUSD pair. The squawk will flag that move up to you very quickly. The squawk will also let you know if that move is in relation to a news piece. The squawk keeps you informed of market moves and the known causes of those moves. Helpfully the squawk can also tell you if there is no reason for the moves, which can be handy to know. In addition to the ‘squawk’ element of the service, a good squawk service will also provide access to analysts that traders can talk to as well as special reports and session summaries. All of these tools are designed to help you tune into the market mood as soon as you possibly can.

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