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TradeXchange Review

TradeXchange is an online financial media outlet that delivers real-time news headlines that usually hits the wire fast enough to be an actionable trade idea. TradeXchange alerts major headlines, technical levels, smart filtered social media news, M&A, IPOs, earnings reports, desk chatter algo, unusual volume spikes, and analyst ratings as soon as they become public knowledge giving traders the edge they need to make quick and informed decisions.

As a day trader there is nothing more important than having the best tools available to you. TradeXchange offers a necessary service that gives you the opportunity to receive the news as soon as its available via a real-time audio alert that makes it easier than stopping what you’re doing to read an article or headline. This gives you the ability to act quickly and intelligently without any distractions.

I use TradeXchange everyday as part of my daily routine when looking at stocks that are moving in the premarket on volume. I look them up on TradeXchange to see what the news is that is driving this activity and if its something that could create some opportunities to trade from. This keeps me informed on whats going on before the market opens. After the market opens I use the audio feature for alerts on news driven moves and since TradeXchange is so quick to get you the news you usually have enough time to get in before a big move takes place giving a huge edge on news that could have a large impact on the stock. However, there is one thing to keep in mind and that is to not trade a news alert blindly or without fully realizing whats happening and what your risks are. You can very easily blow your account up by trading like that. Instead, I listen to the news and pull up the ticker it is talking about to see what is going on with it and what kind of pivot levels are on the daily chart that I could potentially trade off of. If the volume is good then I’ll look to get in on a light volume pullback.

 

Cost

TradeXchange has some very competitive rates compared to other news services like Benzinga and Fly On The Wall. The two packages you can choose from are the Full Access package and the Forum Access. I chose the Full Access package and with that you will get real time access to the TradeXchange forum, Option activity, information from TX analyst desk and contributors, insider and company filings releases, smart filtered social media news, volatility and volume alerts, desk chatter algo, geo-political information and macro economic news. You get all of this for only $39.95 per month plus you can use there 10-day free trial before making any payments to make sure its something you will utilize.

The Forum Access package is slightly cheaper at $33.95 per month and with it you will get the real time access to everything mentioned before except access to the TradeXchange market stream and the squawk radio. In my opinion if you’re going to subscribe to TradeXchange you might as well pay the extra $7 and get the news stream and audio squawk. Those two items are what I use the most anyways and are worth every penny.

 

Final Thoughts

Having the right tools as a trader is an important step to take so that you can give yourself the best chance possible at making money and surviving the markets. This is one of the most competitive jobs in the world and if you are under-equipped then you will be eaten alive. There are traders out there that have unlimited resources which gives them a huge edge over normal retail traders and is why it is imperative you stack the odds in your favor. Having subscriptions to fast news services like TradeXchange is a big step in the right direction and something that will give you instant value for navigating the market and making better trading decisions. For under $40 per month you can have access to all the great tools and resources mentioned above plus you can try it out for free with their 10-day free trial. If you are interested in finding out more information you can check out their website here.

 

As always if you have any questions or comments regarding TradeXchange, please leave us a message below!

 

 

Reviews by Warrior Trading

 

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