Webring - Forex
Forex Strategies
News Trading
News Trading! That’s what got me into Forex in the first place, until I discovered news sniping, I was trading NASDAQ equities and option strategies only (I Still do the latter, for credit spreads only).
I joined a news trading room with some Canadian dude and did really well with it, then I joined another trading room run by Felix Homogratus (what a character !) and did well there too. These trades were all manual and were based on listening to the news results and making a fast decision as to whether to short or long, it was still possible then, but of course now, it’s all done by software, so forget about manual entries as the numbers come out.
It is still possible to get in on retracements and to fade the spike and I do that all the time, but getting in on the number has become nigh impossible.
Now, there is a new company that has set up a News Trades Sniper and they will be running a trading room to facilitate the subscribers, they claim that haven’t had a losing month in 2 years and so I think it may be an idea to test it out. When I was using SNW (Fast economic news software) I did so well that I quadrupled my account in 2 months and a well known City (London) broker asked me to close my account down. As usual the brokers were taking the opposite side of the trade and were being shaved with a blunt blade and no flipping foam.
So, for news sniping you will need a good broker, and you will probably need more than one as some will re quote you, some will slip you and some will try to fill you at the top of the spike (if you use a market order). Recently I have switched to LMAX as their spreads are very low and commissions dirt cheap. But the main reason is that they are fair, they never take the other side of the trade, you are filled with what’s in the book and you can see the book. LMAX is a CFD broker so not available in the US. (See full review here).
I also use a spread betting account with a zero spread (yep, you heard that right), catch is that the minimal deposit for that is £5000, however your first £300 loss (should you be daft enough to lose that much) will be refunded, yada yada. This account is with Worldspreads.
Both brokers are regulated by the FSA and I have spoken to their managers, both are recommended.
Note: I am not saying that the above brokers will fill you on news spikes, just that they are fair and decent brokers.
Below you will find a sales pitch from The News Trades Sniping firm:
Trading the News Like THIS [Free Training]
Dear Trader,
As 2011 draws to a close and I look back
at the year, I don’t know where to start.
Money issues in Greece are causing
veteran traders to look at the Euro
like a ticking time bomb…
Market positions are bouncing around
faster than a pinball machine manned
by a hyperactive teenager…
And even Bank of England Governor
Mervyn King admitted we’re in “the
worst financial crisis since the 1930s,
possibly in history.”
Yet a small group of traders aren’t
just surviving but actually *thriving*
in this explosive economic warzone.
Ever heard of “news spike trading”.
Whether you have or you haven’t…this
free eye-opening presentation makes for
shocking viewing…
This unknown, secret strategy has been
exploited by these two traders for account
gains of 322.58% and 24 consecutive months of profit.
I’m glad I stumbled across this and I have
a strong feeling you will be too…
P.S. I strongly encourage you to watch
the trading strategy videos. See the huge
move this software made very recently…
—
Information, charts, examples, etc. contained in this e-mail
are just for illustration and educational purposes and should
not be considered advice or an endorsement to acquire or
dispose of any security or financial instrument.
We do not and cannot give 1nvestment Advice.
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nice forex trading strategy sniping news trades are the best of most common strategies in forex