It's not ridiculous at all, and it can feel very overwhelming at first! There is a ton of information out there, and markets do move fast - but you don't need to follow absolutely everything to stay informed. A few simple plans can help you keep up to date.Hello @Abbie Whitlock @Andrei Radu
This may seem ridiculous but I was wondering how can I actually keep track of ongoing things in the market, like inflation / interest rates, trade wars and geopolitics etc - I feel like there's so much information, and with things like interest rates which keep changing how am I supposed to track when it changes and other things in relation to this?
Thank you
Set up a small set of reliable sources
I would pick 2-3 places that you trust and understand, and stick with them rather than trying to read everything. For example:
1. Read BBC Business or the Financial Times for in depth articles of the most impactful commercial events
2. Listen to the FT News Briefing daily to keep up to date with recent changes and stories
3. Read LittleLaw (or another similar resource) to follow any commercial stories that are likely to have an impact on the legal sector.
It's important to pick resources that suit your style of learning and retention - I always enjoyed the FT News Briefing for a quick summary, and LittleLaw as it gave examples of how concepts worked in practice. However, this will be individual for you, so make sure to pick resources you know and like
Use alerts instead of constant monitoring
Interest rate changes don't happen randomly, and they will be released on fixed schedules. Most financial news apps or platforms allow you to set notifications for any specific events, so you're only alerted when something actually changes rather than constantly checking for updates.
Focus on broader trends rather than every headline
It can sometimes be more useful (and manageable) to track overarching themes (such as the general state of global trade relations or whether inflation is rising or stabilising) rather than trying to follow every minor update. This makes the information more coherent and easier to connect with your legal studies.
It also makes it easier to discuss commercial issues in activities such as case studies or commercial awareness exercises, as you will have a broader view of the factors currently impacting the market
Remember that you don't have to know absolutely everything - the goal is to keep you aware of the things that matter to you and your interests. I hope that helps!