Benzinga Pro Review: A how-to guide for the living room day trader

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This Benzinga Pro review provides a snapshot of the subscription-based day trading news and information network platform. It can be a good launching pad for the intense skills required to start or accelerate day trading profits.

Benzinga Pro provides exclusive, instant access to stock news, alerts, strategies, education, and mentoring in one go-to place. Similarly to this Benzinga Pro review, the product has a moderate price point, and users are happy with its live customer support. It is above and beyond competitors because it offers significantly more than just financial news curation.

Benzinga Pro Review: custom financial news for day traders

Upsides



  • Editors hand-pick significant stories to benefit investment strategies
  • Education tools
  • In-person mentoring by trading experts
  • Chat, webinar support
  • Customizable filters
  • Equities (stocks)
  • Squawk box, tickers, alerts

Downsides

  • High price point if only used for news
  • Emails
  • Patience to navigate relevant alerts
  • No real estate
  • Only for qualified investors

Competitors

Benzinga Pro’s competitors include Seeking Alpha, MarketWatch, and individual investment reviews like Zack’s Investment Research. The difference is Benzinga’s news filtering ability, custom platform, and access to the squawk. It is pricier than Seeking Alpha and MarketWatch, but for the day trader, it appears to have access to a lot of information in one place, tailored to trading interests.

Seeking Alpha

  • Yearly membership 50 percent off at $119
  • Seven-day free trial
  • Screeners
  • News
  • Education
  • Expert analysis
  • Top stock picks for long-term growth potential

MarketWatch

  • Subscription is $4 per month
  • Real-time news analysis
  • Latest Headlines
  • Market screener
  • Watchlist (subscription required)

Membership Overview

  • -$0-$347/mo
  • -Free access to stock movers
  • -free access to the watchlist
  • -free access to Benzinga (BZ) wire newsfeed (customization, filters depend on membership level)
  • -free access to Benzinga premium articles

Discounts

Account creation comes with a 14-day free trial.

>>> Click HERE for an additional discount

Membership levels

At $177 per month, subscribers receive the most value – depending on need. It provides access to the Benzinga Pro advanced newsfeed, real-time scanner, squawk, market signals, and calendar.

At $347 per month for the ultra-premium level, subscribers receive mentorship and training from a trading leader, access to the Benzinga Pro chat room, strategy and market updates by Benzinga’s trading leader, and alerts for unusual market activity. Each of these features can be game changers for success. They also offer a bit more hand-holding to newbies.

Key Features

News, no specific to-dos

Benzinga Pro does not make specific trade recommendations, but it does select and communicate user-specific trending news to guide wiser, more informed trade decisions.

Squawk Box

The Benzinga Pro Squawk Box is an audio news feed about market activity broadcast between 6 am and 6 pm. While working or doing other daily activities, listeners can be in-the-know about trends and opportunities occurring on the floor all day.

Squawk Boxes are gradually being replaced by banners, user interface platforms, chat rooms, Reddit, and text alerts from subscription services. But nostalgia combined with auditory input makes this market news delivery method beneficial.

Scanner

Benzinga Pro’s beta scanner offers significant help in navigating a trading strategy. In addition to customization for more advanced investors, Benzinga Pro has a few preset options. 

Trade scanner presets:

  • Overall gainers
  • 5-minute movers
  • Mid-cap movers from open
  • Real-time after-hours gainers
  • Large-cap gainers, many columns

Screener

The screener tool has more than 50 filters. In addition to basic, fundamental, and technical filters, users have a lot more choices. 

Popular screeners include:

  • Simple moving averages (the average price over a specified period)
  • Float and percent float (number of shares available for trade compared to total available)
  • VWAP (average price of a security adjusted for volume over some time)
  • Relative strength index (speed and magnitude of a security’s price change to signal over or under-valued market conditions)
  • Average volume (average number of shares traded in a single day, for a single stock)

Mobile App

Benzinga Pro delivers stock alerts and news on their mobile app, with instant access to breakaway market movement. It has more than 4,000 reviews and boasts 4.7 stars.

Pro Tips

Benzinga Pro has a variety of easy-to-understand trading basics. New investors can feel overwhelmed, lose big, and never return. Here are some of Benzinga Pro’s tips for those interested in getting started, or continuing in short-term investments.

Benzinga day trading tips 

  1. If you know, you know

Investors should focus on trading in industries and companies they already have a basic knowledge of.

  1. Wake up early

Commit to getting up before the market opens, as global markets can indicate performance in the US.

  1. Enjoy the ups, push through the downs

Riding the day trade rollercoaster is part of the game. If having a down day is too unsettling, day trading is probably not for you.

  1. Look at the whole puzzle, not just the pieces

Be decent at interpreting the numbers. The news only drives part of stock fluctuations. Numbers, historical trends, gaps – all are pieces of technical trading that deserve consideration.

  1. #goals

Have a reason why. Why are investors buying or selling, and how does that translate to a personal strategy?

Benzinga Pro review wrap-up

Investors can easily start with Benzinga Pro’s free trial. They can quickly access interesting content, and then determine if the platform is beneficial. Even if a customer is undecided, significant discounts make the plunge into a day trading news service less intimidating. Across the board, those who want gains day-to-day must invest in high-quality instruction. Benzinga Pro offers access to this instruction.

If mentoring and simply watching financial news and tutorials still are overwhelming, consider a day trading course that provides individualized, often much more expensive, teaching done by expert day traders. Benzinga Pro offers a lot of information but isn’t for everyone. Anyone should try it themselves first and then decide if the commitment suits their needs in this rollercoaster of an economy.

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