Lets Trade The News V 0.2 !

You might contact him personally. I only get his emails and have not joined the actuall trade calls for the news events. I believe it costs to take part of the news trading because he pays a good junk of change (I believe $1,700.00 monthly) to get the news split second when it happens. So if your part of his news trading and your paying a monthly fee he would want you to be successful to keep coming to his trading room. Therefore he would recommend a broker that works.

I hope forexmastermaker is not another "straddle" news technique like WTA.

trading using signals from a fast news server is definitely the way to go.

The key is his use of the news service, and a program which translates the news information into buy/sell signals seconds before the news reaches brokers and dealing desks. Traders participate in what he calls "Live Calls" and he charges $500.00 for the first month, then $300.00 each month thereafter. So you're correct, he'd want repeat business as it maintains an additional revenue stream.

Just information; not a recommendation.

Just to double up on the answere it is not a straddle news trading set up.

Is MT4 based brokers even fast enough to accept a BUY SELL market order seconds before a news?

Placing market order on normal market condition is not fast enough for me. Straddle is still faster... perhaps because the broker I use isnt fast..

$500 per month + $300 for the next months? Hmm... anyone been there and tried their service?

$500 for 1st month test is a costly experience. I sure wish he could give it much lower for a single trade test you know what I mean.

BurgerKing,

I have been quitely follwoing you in all possible forex forums and indeed you are doing great job.

Regarding forex news trading, try this one http://www.kingforexsignal.com/
I have been with them of last three months. They do both news trading by the guy called Felix and technical trading by the guy called Rob.

Honestly iam getting out from thier group as they are very conservative and keep their triggers in such a way that he get hit occasioanally. Most of the time we have better spike when they call "NO TRADE" ( which keeps me frustrating).

And when you want to join their community dont pay more than $150.

They trade news during the news time and Rob trades New York and London session ( technical).

But one thing i want to tell you...........now a days it looks like they are interested in Marketing than Forex.

Hope you got the point.

Thanks
Aakif

Trading news based on "consensus vs actual deviation" is indeed conservative. It tries to save you from getting into a loss. However, seeing wins when the call was no trade is indeed frustrating.

But do you get good profits when they call for a BUY/SELL? Or do you also get losses?

Hmmm.. There was a voice within this forum for FF/Merlin to start off an FF news signal. I wonder if there are indeed enough people willing to pay for a shared Bloomberg (BB) news feed? OR is TradeTheNews.com (TTN) signal fast enough?

Can people with BB and TTN experience shed some light regarding the speed of news delivery?

Felix of KingForexSignal boasted that he was able to get fast news feed (perhaps as fast as BB's sources itself), filter out the numbers and pass BUY/SELL to members.. I wonder if it is fast as advertised?

I believe that Felix is putting forth a strong effort to trade the news and help others. But I have been getting his emails (not trading with him) it seems by focusing on the news and his safe gaurds he makes few trades and not that many pips. Dustin with Forexmastersmaker is the same. I get his emails but have not participated just observing to see if it is worth getting involved. They look for certain variations in the reports then trade. I have on a number of occasions seen them pass on a trade and the market move 50 to 100 pips on the announcement. Someone else can add their in put because I am always looking to improve and get an edge. Hey more pips is great if it is cost effective. As far as losses from what I am hearing on the reports it seems there is not much ( kind of a generic term) because they are pretty conservative on when to pull the handle. People can still use their own discretion if the number comes out at a no trade but it is close enough for an individual to enter in then they do it.

I have Trade-The-News (TTN). Almost always, their broadcast (audio and then text) of numbers and the spike happen similtaneously. Can't possilbly get any headstart.

Also, don't know where they get their "consensus". Occasionally it's significantly off the FF/Yahoo/DailyFx numbers, which can be confusing yet beneficial (to understand some muted or exaggerated moves).

Those using Felix (King...signals) and Dustin's (Fx...MM) news services, please kindly share your experience here. Thanks.

PM

hey guys.. i was just going thru forexbastards.com and forexmastermakers.com.. i just wanted to know.. are they any good?? is felix right when he says he makes around 100 pips a day or something like that?? and if they are .. coud you people provide more links to such sites.. id like to see if they are worth following.. thanx

I get Felix's emails (do not trade in his trading room) but I know for sure he does not make a 100 pips a day and the way he personally trades he does not make 100 pips on a trade. He is only in a trade for a few minutes and as soon as it retraces he is out.

hello guys ..

I recieve Felix's free mails .. they look good coz he gives a review about the news & things like that . But about joining their services , i've read many Bad things about Felix , and many Good things also .. So like anyone else i felt between saying YES to join and No .. So i asked in their Forum (http://forexbastards.com/forum/) about giving this service a free limit time , so that ppl can try it & decide to join or not .. I THINK IT's A FAIR REQUEST especially after reading these web sites

( http://www.felixbastard.com/ ) ....

( http://www.forexnews.com/fxforum/fo...p?TID=1248&PN=1 ) ....

( http://www.currencysecrets.com/2006...forex-bastards/ ) .

Then the talks that I'm ( a fool , a kid & that i want to have the service without paying ) started .. they told me also that they dont need someone like ME to join them . So i decided not to join a group or even a forum that have these kinds of ppl .

I'd like to say that I dont know Felix , and i have NOTHING against him , and i'm just telling u guys what happened with me .. Not saying that he's a bad guy .. and i can't say coz I REALLY LIKE his mails , and i'm learning from him .. but my point is about his service . I asked for a proof just to make things clear , but it was refused by the strange boys in his forum and even by Felix himself in a polite way when i asked him that in a private message . It's his right of course .. but i really wanted to be sure about that service coz IT REALLY LOOKS GOOD . Everyone of u guys can check the web sites above and decide , Am I WRONG when i ask for a free limit time to try it ?? Isn't it MUCH BETTER for the service itself to be clear when many ppl tries it and be sure it's worthy and shut the big mouths that talks BAD about Felix ??

You r the judge here .. Sorry for the long talk , but bcoz here in FF we learn from each other so i liked to help and i wish i did .

Thanx guys .. Have a nice day

I definitely agree here. I worked on the trading floor and nobody used any services like TradetheNews. Bloomberg and Reuters terminals are the de facto standard, and unless these new smaller companies actually have reporters in 'lock-up' at the source, they will always lag behind Reuters and Bloomies by some time (milliseconds, seconds or longer....basically, there has to be a lag). If they have reporters at the source, they will only be able to match Bloomies and Reuters, at best. That said, prices do tend to spike simulataneously when the data comes out anyway, so it is impossible beat the market's reaction to a data event. There may be an advantage in trading before the event or after the event, once you have analysed the data, but I believe its impossible to beat the market by the 'time' factor alone.

PS - I'm not very tech savvy, but if anyone knows of a free alert/messaging service I will look in to the possibility of posting full data releases shortly after they are released (no guarantees but if it is simple enough I will do it for a short while and see what use it is).

News trading is news trading. Looking for services that GIVES you pips is not the way to go. Joining services is not the way to go, because it might undermine your ability to trade with economic reports. I am a firm believer in felix's group, but he gives out his triggers for free, joining him for a 'free trial' is not the way to go, because he gives you the info to how to trade. With that said, the info he gives out is basically a short cut to learning how to trade news. Rather, it should be the trader who decides how to trade. With research of each report, one can come up with the same conclusion as felix does BUT the trader has a better overall sense of feeling because he/she did his own work to understand news trading. When trading the news, its always a learning process. Trading is that, a learning process. Finding a good strategy to trade each economic report, combined with a good news service provider, this can be a good thing to do. BUT looking to join others' services is not the way to go, you are basically doubting your self and BLAME others for your loss if that happens. Every service isnt going to be around forever, rather finding AND learning how to trade will greatly benifit the trader in the long run. Like the saying 'give a man to fish.. yada yada. (you know how it goes).'

To sum up, i WAS going to sign up with felix's service, but i learned how he traded with my own research, demoing and, sometimes, uses his triggers as a 'check' to how i set up my triggers/ exits/ anchors to how i trade.

Also, trading should be something that can be a long run process, rather than a quick rich sceme, which we all know that NEVER works. Forex lures those types of people, and no wonder those people would look for 'guru's' to help them cope with their loss. Play this game slow and you will win, simple as that.

Also, lets end this topic of offsubject tangents that talks about forex services, rather focus on how Max has given us this exel file which he worked hard on, with help from others of course. These talks is (somewhat) destoying the credibilty of this thread.

Have faith in your trading!!



Off topic:

Oww btw Coolhell, you posted sites taht are from opponents of felix's group, i believe they are the same peoples as central pips, forexjudge and others. Something that NOT credible. Those peeps from central pips are known scams who scammed lots of peeps. You might have known or not, but i not a psychic.

Hi abobtrader:

"... companies actually have reporters in 'lock-up' at the source."
What's "lock-up"? How does it work - how governments release news these days?

"I believe its impossible to beat the market by the 'time' factor alone."
What're the other factors? Care to elaborate?

Thx.

Hello hunter101 ...

I agree with every single word u've said , but i want to say that when i talked about Felix's service i didn't meant joining his service for NEWS TRADING although he gives a FAST news service as i knew .. but that's not the point .. My real point is about joining to get the daily Technical Trading given by his partener Rob and his daily signals which they send even to mobiles ( when to enter/exit , Stop loos , Take profit ) .

You know , to have a daily signals by someone like ROB who is a ( BIG PROFESSIONAL trader who makes million$ yearly ) must be worthy .. right ?!

that was my point : fast news service , daily signals & SMS if u r not online , forex education . These r great things , I'm with u that it'll make the trader depending on others & maybe without understanding what's going on , the trader will even loose the pleasure of trading .

And about the sites that i gave about Felix , BELIEVE ME i dont know about them but i found them while searching and that's a normal thing that u must search before paying for such a service , i've even read in forex bastards forum about ppl who joined the service and didnt get anything . You can check it .
I dont know about scams , u can say i'm new in the field .. u may know scams better than me & thanx for clearing to me that these sites r scams .

finally i agree with u also that no need for this talk here . I wrote when someone asked about that service & i gave what i've got to make it somehow clear , and as u said ; Max gave us MORE THAN ENOUGH with his excel file ( Big thanx to him ) .

I hope that i cleared my point & thanx hunter101 for ur reply .

Bye .

Hello Guys

This month (MaXeY & BurgerKing) added some edit and updates...

I agree. Keep up the good work BrurgerKing!

Thanks man.

MaXeY & BurgerKing

Thanx a lot guys