I just uploaded a special training video on Forex news trading which explains everything you need to know on how to take advantage of news in your Forex trading…
News Trading Training – Part I (Mastermind Mentoring)
This is Part I training video of my Mastermind Mentoring webinar series, the next live training session is scheduled on Sept. 22, 2010 at 3:00pm EDT…
Contrary to popular belief, my Mastermind Mentoring program is “not” only about news trading. I’ve put together a list of videos on the live trades taken in the traderoom to show that news trading is only about 20% of what we do, and the other 80% is on how to read the market and take advantage of news effects that goes beyond the immediate 2 hours after the schedule…
Not often I’d admit publicly that I am wrong, but here’s what happened…
Bernanke and gang (FOMC) decided to leave the Federal Funds Rate decision unchanged once again during the Tuesday August 10 meeting, but the real surprise came with the bearish tone over US economy growth and the decision to reinvest principle payments on mortgage assets and maturing debts… This sent demand for U.S. Treasury soaring and helped the equity market recover immediately just as predicted in my analysis… I took a live trade in my Mastermind Mentoring Trade Room and made 63 pips in less than 30 minutes as you can see in the video below (recorded live).
One of the most asked questions that I get on news trading is how to determine your entry. Let’s face it, spike trading is pretty much dead, with brokers playing tricks on you, widening the spread, delay execution, nasty slippage, you name it… unless you still deal with a broker that is from the dark ages of online trading, chances are you won’t find one that let’s you trade the news profitably, at least not for spike news trading… And for those who are still exploiting such brokers, you might risk account closure, or your broker may just outright take your money away on the basis of exploiting the market.
This NFP release surprised the market as usual and this time because of the better than expected figure, considering the weather / seasonal factors, it was a sign of strong recovery and stabilization of the U.S. economy… Needless to say, every high yield currency rallied at the end of the day, leaving JPY as the biggest loser of the week. This is obvious for my Mastermind Mentoring graduates as I’ve explained over and over that JPY is both carry currency and safe haven currency… any positive news that supports global economic recovery will have JPY pinned down… and if you were in my trade room, you’ll be trading none other than the GBP/JPY pair…
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Upcoming Forex News Calendar For January 16 ~ 20, 2012
The news on Friday was that S&P finally downgraded a number of euro zone member nations, including France's sovereign ratingby ... (2522)
Upcoming Forex News Calendar For January 9 ~ 13, 2012 The first real trading week for the new year in markets started with investors focused on Europe. US and European markets were ... (2281)
Forex News Trading US Advanced GDP 01/27/12 Here is the forecast for the US Advanced GDP q/q :
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2191)
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