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News trading Trading the spikes, such as retail sales, NFP, CPI, etc... can be very risky. Plus general Fundamental analysis.

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  #1  
Old 20-04-2009, 13:35
Moments Member
 
Join Date: Apr 2009
Posts: 1
Post introducing newstrading

This is the first time that I make use of Forex Moments therefore I will tell you what I am doing and what I expect from FM.

I recently came in touch with Forex News Trading and noticed an video of Forex Rapid Signaling Software.further I read on this topic of Forex Diamond and Secret News Weapon.
For those who are interested in News Trading, this could be an interesting way to trade news events.
I personally suscribed with Henry Liu / yeah.com to receive his free newsletters . Henry offers trade calls / buy and sell signals.
This is also the aim of my membership at Forex Moments .I hope to make use of the next trade call at 17.04.2009 /CHF/JPY

Last edited by ishwer; 20-04-2009 at 13:40. Reason: introducing my motives on my first post
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  #2  
Old 27-04-2009, 00:12
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I have been news trading for 3 years...it used to be easy, now it all depends on your broker. If you can find one that fills you then you can make money, of course as soon as they notice you are making money they flag your account, and usually the good fills stop, sometimes they even confiscate your profits. I was part of FXNewsPRo which Henry Liu was a part of and it was a complete waste of time and money.
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  #3  
Old 19-05-2009, 13:58
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Quote:
Originally Posted by magister View Post
I have been news trading for 3 years...it used to be easy, now it all depends on your broker. If you can find one that fills you then you can make money, of course as soon as they notice you are making money they flag your account, and usually the good fills stop, sometimes they even confiscate your profits. I was part of FXNewsPRo which Henry Liu was a part of and it was a complete waste of time and money.
Well I think it is better if you are able to pick up the skill rather than blame on your broker if the trade goes the other way.

I am trying to pick up the skill.
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  #4  
Old 25-05-2009, 14:14
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Join Date: Feb 2009
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Default Spike Trading

You don't know what you are talking about obviously.

You throw that blame game around on me, how cliche.

There are different types of news trading for your information.

I am talking about spike-trading. This is where you have some software
which gets the news very quickly. If there is a substantial deviation
from expectation, then the software will "auto-click" a buy or sell
for the currency which the news will affect, ie UK Retail Sales for
the GBP/USD

Now back in 06-07, you could spike trade even on Oanda, we were
loading up with 10-50 full lots on the important news. I remember once
the BOE did a surprise unexpected interest rate increase, we saw 200
pips in seconds....one member made 80 grand on that one trade. Soon
after Oanda started to widen its spreads during the news.

News spike trading requires a broker to fill you, end of story it is not about
shifting responsibility for your trading on something else besides yourself. I
know that many traders do this, they blame their lack of success on the
signal provider they subscribe to, or the lack or clarity in the strategy they
purchased, anything but to shoulder the responsibility themselves. But for you to throw that one at me in the case of news spike trading, shows what little you know about trading the news. With news spike trading you need a broker with very fast execution and fixed spreads, if you don't have this, you will not succeed. It used to be easy to find, but the brokers got screwed by the spike traders and changed their technology, because essentially it was coming out of their pocket. If you look at Currenex platform next to a bucketshop broker you will notice different prices, this will be exaggerated during the news, so basically the spike trader is taking advantage of this difference, and as the bucketshop has to hedge their exposure, since they are not the real market, any wins from spike trading comes from them. Of course in early 07 many of us did use Currenex on the news, the Big Banks lost out in that case, as our broker was the named counterparty and the Banks noticed several million orders placed in the brokers name on the Tier 1 system, and barked at the broker, the broker then shut down all the accounts.

Of course, I still know brokers that work with spike trading, but I cannot trade 20 full lots anymore, because you have to stay under the radar or
else they will notice and flag your account, they will put you thru the dealing desk where every order has to be 'OK'd' by a human agent.

There are other types of news trading of course, pre-news and afterspike trading. These of course you can learn, they are not dependant on getting a fast fill. So perhaps this is the type of news trading you are referring to. Anyhow try not to be such a self-rightous knobhead and you might learn something before you blow your own horn.

Concerning Henry, I can only advise against his services....as he was involved with the following
Trading System: FXNewsWiz
FXNewsWiz.com - Mr. X Performance
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  #5  
Old 20-08-2009, 10:14
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chill out dont get so upset
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  #6  
Old 14-09-2009, 09:04
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Henry's service was terrible and lost me alot of money.
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  #7  
Old 17-06-2010, 15:12
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I prefer news trading as it gives me huge scope to try my analytics skills specially whenever there is a news release in US market and UK market.
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  #8  
Old 24-09-2010, 06:54
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I also prefer new trader and if you want to know more trading system than you can easily agree It used to be easy to find, but the brokers got screwed by the spike traders and changed their technology, because essentially it was coming out of their pocket. If you look at Currenex platform next to a bucketshop broker you will notice different prices, this will be exaggerated during the news, so basically the spike trader is taking advantage of this difference




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  #9  
Old 13-10-2010, 17:55
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Straddles are really easy to set up and require very little thinking, but it is probably the riskiest method of trading the news. To set up a straddle, you basically put a limit order to go long a few pips above the market before a news report, and simultaneously put in a limit order to go short a few pips below the market.

http://www.ufxbank.com

Last edited by sabrinathomas; 13-10-2010 at 17:59.
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  #10  
Old 21-10-2010, 07:03
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have a look at Newstrader Pro. lots of historical economic release and currency price data for a bunch of releases.

Last edited by nbny53; 21-10-2010 at 07:05.
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