News Trading and inpact on Forex

Image via Wikipedia

 Forex News Trading

News Trading is what got me started in Forex, prior to that I traded NASDAQ shares, commodities and option strategies (I still do the last 2). The thing about news trading is that an immediate and often aggressive move  is guaranteed as the news is released. This used to be easy money, get hold of the software (I used to use SNW) and set it up to auto click the buy or sell as it calculated the deviation from the expected figures. On one account I quadrupled my account in several weeks and consequently the broker asked me to close the account.

This was then, now I’ve not been spike trading for a while, the brokers no longer filled me and every man and his dog was on the case. The main problem was that most would attempt to get filled with a market order, this saw some software users getting filled right at the top of the spike by some old stop or limit ores and subsequently losing their pant. So, the only way to trade news now is with limit orders and I understand that News Trade Sniper not only has the ability to set limit orders on the broker, but also to analyze the spread and if it gets too wide, abort the trade. An aborted trade is better than a severe hosing, so in that sense I’m cool with it.

The software and chatroom go live today and come with a 60 day money back guarantee, as expected the number of seats is limited as this type of trading is best done in small numbers.

To get the 60 day trial of the News Trading software and chat room go to News Trade Sniping.

Living in The UK I use a combination of CFD brokers and Spread Betting as the latter is completely tax free.

I’d recommend testing it out on a demo account first and as your confidence grows moving it to your live account.

Related articles

• News Trades Sniper (tradeconscious.com)

More From Mark Meir

• Intraday Trading, Intraday Consolidation Breakout Trading
• Risk Aversion and News trading
• News Trading

Mark Meir Recommends

• FREE Forex Scalping Cheatsheets And Forex Pips Gizmo | Killer Trading Systems  (ForexTrader23)
• 5EMAs Forex System | Killer Trading Systems  (ForexTrader23)
• Forex trading signal – Forex trading strategy – Currency trading – Forex  (Economy Pulse)

Ask Mark Meir To Recommend Your Posts

Comments

Powered by Facebook Comments

November 13th, 2011 | Tags: news trading | Category: Forex News Trading

1 comment to News Trading and inpact on Forex

• forex forex

  January 6, 2012 at 1:58 am

  You’ve got great insights about forex forex, keep up the good work!

Leave a Reply Cancel reply

  Name (required)

  Email (will not be published) (required)

  Website

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Notify me of followup comments via e-mail

Spam Protection by WP-SpamFree

Security Code:

Copyright © 2012 How to make a living Day Trading full time - All Rights Reserved Forex Trading Methods | Forex Trading Systems Disclaimer The information on this site is meant for educational purposes only. Any market views expressed are my own, based purely on my own systems. The site owner takes no responsibility for the content of the site, makes no representations as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of site. These views are not intended as investment advice, please do not treat them as such. Futures trading involves substantial risk of loss. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Currency and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All information on this website or any e-book or software purchased from this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the Website Owners and any authorized distributors of this information harmless in any and all ways. By using this website and using our product, you are fully accept our term & condition.
Powered by WordPress & Atahualpa