REFCO News Plugin

Hey Folks

Refco is my broker and they have a feature on their platform that is like a CNN news ticker except its for the forex market.
Has anyone ever followed any of the suggested trades they call?
Sometimes when I'm bored I'll read it and try to follow it, but man they are wrong so many times.

I can't help but wonder if they are giving their free suggestions to traders like us, and then, they trade the opposite.
Maybe I'm just paranoid?

Anyone got any stories?

Quinn

We have been utilizing the Refco News Plug-In (Signs & Signals) as one source to 'guide' multi-demos that me and my kids have with them. It is little less than 50% correct on most positions, but in their defense I am just coming up on day 25 of the 30 day trial. Mike Malpede in the Refco Resources is better, though I still hurt from his EUR/YEN short of a few weeks ago! Good thing it was just paper trading. That Chinese Yuan still needs to come on line to bronze Mr. Malpede! The Refco News page is very comprehensive with some great insights from Rabobank Int'l and some great stuff in Daily Reports, Special Reports and Weekly Reports. Those have have kept me well above my opening account balences to the point where I am going live ASAP!

Thanks Beaker
I have read their reports and commentary but did not invest much time in them. As you said the plugin news is not that good at all but after reading your post I think I will start keeping a closer watch on their reports and comentary section and may be open a seperate account on demo just to what happens.
Good Trading
Quinn