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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It would be nice but they don't have any early access. Trading news can be easy but I guess you have to be shown how to do it. You don't just sit down 1 minute before it, and hope for the best. Ok that's fine with straddling or options but not if you plan to do a normal fx trade on the news. There are certain things you need to know like expectations and positioning as well as sentiment, general and specific. All of this helps you decide what is required to spark a tradable move.