News Trading can be very profitable if you know what you're doing, you can also lose badly if you make too many assumptions. In essence, if a very important number deviates wildly from expectation you may be able to profit nicely if you stay focused and alert. The video below is an example of UK GDP news trade, in this trade we profitted twice, once from the spike itself using the 'Fast Economic News' software and second time from re entering on a small retracement.
Just remember that not all news events have the same weight, so make sure you understand the importance of the event itself.
If you'd like to make money with a Forex Trading System with a high probabilty you should get hold of Russ Horn's video and method,highly recommended at Forex Rebellion. I have been receiving some very good feedback about it from many other traders I regard highly.
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