Quote:
Originally posted by Tekunda
Pittsburgh, let me ask you something then.
I recently discovered a website called eurusdtrader.com which, until recently, has specialized in a highly sophistacted way (as you will see when visiting the site) trading the news only and making him and his subscribers a fortune.
Since the new restrictions were applied they will not trade the news lanymore ike they did for years, but when I read what you write, I wonder that these guys have survived for years and were not taken off auto execution. How come?
Maybe as a former insider you will be able to explain something else. This site is even having a value code for the news numbers telling their members how to trade if the numbers are off such and such percentage.
Now how can this work in reality? Once the numbers are being released to the public, the move has already exploded. In my opinion this can only work, if they had access to the numbers earlier than us regular guys. Is that possible, and what is your take on that site?
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To be honest I do not know of this company or people involved. What I can say for a fact and guarantee my life with, is if there is flashy stuff wanting to get you to buy its service be weary.
Also, if this person got away with it, they no longer will be. In a trending market, of the past 2-3 years, trending like nothing else. It was great, there was not much of a big deal for pickers and scalpers because the market makers could make that back from there own positions. This up and down choas, no one knows anything and will look to see who is picking.
If you trade with any good company you will know there good if they put you on manual, period. All the big boys have to do this. They have snipers waiting to pick them at off Interbank market prices and it makes them lose. I am not aware of other competitors, but I talked to clients, who kept shopping around with us to see if we would put him on manual. One guy had an account with every competitor there is and ALL put him on manual, so this is realistically impossible. My newsletter doesn't even touch the short term trading like picking, I am not interested in any lawsuits.
I have figured some ways around it, but at the same time, I am giving up allot in order to do it, so life is a give and take.