Can somebody explain me everything about trading the news ? Also can you tell me what is your source for that ?
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Hi Omega,
Try the e-book (News_Profiteer_by Henry_Liu) on the following post, for trading the news, very well explained (deadsoul post):
Code:http://indo-investasi.com/showthread.php/4534-Mastermind-Mentoring-System-by-Henry-Liu?highlight=henry
Code:http://www.forexfactory.com/calendar.php
Code:http://www.dailyfx.com/calendar/
Last edited by jmwaraujo; 14-06-10, 19:47.
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Only bucket shops maintain spread during major news events and they are best avoided anyway - but that's a different story.... Economic announcements by definition cause erratic liquidity and price & order volatility so it is entirely correct that spreads should widen during these times. The trick is getting a broker who maintains integrity of execution during those times and who will quickly drag the spreads back to 'normal'. Ultimately I'd suggest you need to look towards an ECN like MB Trading or Dukascopy. They both offer free trials so you can see how they perform during rough times.
I have a realtime news feed but they are not necessary to trade reactive news strategies as Forexfactory provides the numbers within a reasonable time to allow the trader to digest the numbers, see how price is reacting and then enter as opportunity allows.
One thing I would say is that news trading can be very profitable if you do your homework - but it's not an easy way to riches. News trading without a stern grasp of your risk and how you plan to work every aspect of the trade will quickly set fire to your account.
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Hi jumanji24,
I use Alpari UK, I think there ok, no complaints so far.
Not sure about other brokers.
I don't usually trade news, but trade with the news (ei. If I have an open position and the news are in my favour them I leave position open, if not (depending how bad the news are, against me) I close position.
But sometimes is not simple as this, as JimJamBonks said, and very well said, trading news is very difficult.Last edited by jmwaraujo; 14-06-10, 20:42.
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good broker with good data feed that will execute your order is what you need.
Also sticking to the high impact news is a better and safer way to trade the news simply because the markets generally move more and give you a better chance to make some pips. I would suggest using more than 1 source for news quality and compare to see which is more accurate.
I will be looking to take advantage of audusd news this morning as it is high impact
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Originally posted by Omega View PostCan somebody explain me everything about trading the news ? Also can you tell me what is your source for that ?
I've use this sites for many years making money in liteforex broker and some others..
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Originally posted by nanypurwanti View PostI do not recommend this, trade news is really risk. But if you have good money management and good trading management, I'm sure you will survive there..
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