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News Trader proof of profits?

  • #41
  • May 22, 2007 4:54am May 22, 2007 4:54am
News trading isn't dead. Trading the spike/straddling/auto-click always was.

If you take the time to learn the fundamentals and combine them with the technicals and market sentiment, then it is still possible to trade the news profitably.

For those lucky enough to receive daily commentaries from Jimmy Young, they will know that money can still be made.
If it's too good to be true, it probably is.
  • #42
  • May 22, 2007 5:21am May 22, 2007 5:21am
Quoting SimonK
News trading isn't dead. Trading the spike/straddling/auto-click always was.
If you take the time to learn the fundamentals and combine them with the technicals and market sentiment, then it is still possible to trade the news profitably.
For those lucky enough to receive daily commentaries from Jimmy Young, they will know that money can still be made.
You are right. News trading isn't dead. It has been made more difficult by brokers because there are now too many people doing news trades. If you know how to play it, there is still money to be made. It's been tough in the last 3 months for news traders and if you look at the participants in this FF newstrading forum, many of the new ones that appeared at the start of the year have left and probably lost their pips.Only the more seasoned ones are still here.
  • #43
  • May 25, 2007 11:43am May 25, 2007 11:43am
check out the difficulty these poor people endured.
this is not a promotion of any type as it seems any time i post a link it is construed as promotion. this is to open the eyes up to the dangers of news trading. i'm sure somone will chime in soon that happened to be in this mess. i have been in messes before and lost 7% of my account in .5 seconds during news. It's very dangerous to mess with. to put it simply these people trying to get in on the spike with software are fighting a futile battle. hedge funds with billions are taking all the liquidity. there is no way to get in. and i'll also tell you that i've done this for 2 years. there is a strange coincidence that when you get in late and you are filled at the end of the spike the market will move away from you (drawdown) faster than you've ever seen it becuase hedge funds saw all us morons get in late and now we are their profit generators.
jeff s
http://www.youtube.com/watch?v=9QV0IsEAK2U
It really is that easy.
  • #44
  • May 25, 2007 12:08pm May 25, 2007 12:08pm
Quoting PipStar
You are right. News trading isn't dead. It has been made more difficult by brokers because there are now too many people doing news trades. ...
It's not dead, but it is dying and won't be coming back. When news trading first surfaced I made good money and so did many others, but just like any "gold rush" it is profitable for those first in and temporarily. The difference with news trading is you're NOT dividing profits with others after everyone has caught on and the market is saturated, you are risking your entire account. I nearly lost everything do to news trading and I am NOT a newbie trader or new to news trading at all. With news trading it's not if it's going to happen, but when. The brokers all know what is going on now, and specifically monitor your account after you're flagged as a spike trader. Many brokers will reclaim your profits, charge you news trading fees, and/or boot you and blacklist your IP. That's if they even execute you at all. Other brokers inflate the spread to more then you can make if you are psychic and know whether it's a buy or a sell.

I'm doing well with technical analysis and I don't have the stress of potentially losing my account in 2 seconds. If that's not enough adrenaline for you, try roulette. At least you'll get executed.
  • #45
  • May 25, 2007 1:09pm May 25, 2007 1:09pm
Quoting gxxr1130
If that's not enough adrenaline for you, try roulette. At least you'll get executed.
HAHA!

Man watching that video on YouTube is scary...
  • #46
  • May 25, 2007 1:46pm May 25, 2007 1:46pm
i think its important to distinguish between news trading and spike trading. spike trading is the practice of novice gamblers. news trading is a different ballgame that requires a lot of market experience and in depth knowledge of fundamentals and market sentiment.

news trading will never die. spike trading has never lived!

Relax and be happy.
  • #47
  • May 25, 2007 2:34pm May 25, 2007 2:34pm
Okay here is my spike trades only listed

40 trades


30 wins

4 b/e

6 losses

this over the last 7 months

You have to know which reports to spike trade. There are some you fade, and others I have another method that works very well on. I learned it from another trader.

I am very happy with my results.
  • #48
  • May 25, 2007 3:07pm May 25, 2007 3:07pm
Quoting PipStar
You are right. News trading isn't dead. It has been made more difficult by brokers because there are now too many people doing news trades. If you know how to play it, there is still money to be made. It's been tough in the last 3 months for news traders and if you look at the participants in this FF newstrading forum, many of the new ones that appeared at the start of the year have left and probably lost their pips.Only the more seasoned ones are still here.
tell me about it, i have not traded the news since march, its not dead but prices don't move like they use to, even last n.f.p. didn't do much.
If I Go Broke Trying Then I Will die happy.
  • #49
  • May 25, 2007 3:27pm May 25, 2007 3:27pm
Quoting Moe
tell me about it, i have not traded the news since march, its not dead but prices don't move like they use to, even last n.f.p. didn't do much.

I know...I love it....it's fantastic!!! I've watched news traders from the sidelines for the 2 years I've been learning. News trading has always been a thorn in my side. But like everything else in this market, I never assumed I would be making the rules, I play what I get dealt.

I haven't invested the time to get to know it, because I've never really believed in it the first 2 years I've traded. Free money for everybody just never seemed to add up for me...

However I would love to have the knowledge of some people who have focused on it for a few years, as I'm sure there is money to be made...but the expensive news feeds, and split second reflexes have never been my thing....and for the majority of people making money on news, I would assume it's not their thing either...at least anymore.
  • #50
  • May 25, 2007 11:07pm May 25, 2007 11:07pm
Quoting jj7000
Okay here is my spike trades only listed
40 trades
30 wins
4 b/e
6 losses
this over the last 7 months

You have to know which reports to spike trade. There are some you fade, and others I have another method that works very well on. I learned it from another trader.
I am very happy with my results.
I can certainly relate to your results.
For the highlighted part above, well said, you could not have put it any better !!!
  • #51
  • May 30, 2007 11:22pm May 30, 2007 11:22pm
Im a news trader and Ive been trading since December 06 and have been successful. I dont need you to fly me anywhere and I dont want to give you any of my statements either. All I wanted to say is that there are news traders out there that are successful and can be successful given the right tools. I did have to jump to another broker because I was told to take my money and move on, but thats the kind of thing we face. Right now I have 2 brokers with live accounts that say they do not care about news traders or scalpers.
I agree in some of what you say, it could be a matter of time before all brokers just ban it some way or another, but I am utilizing my time well before this happens.

Quoting turbokaos
So it seems like every news trader is in search of the perfect broker to trade the news in the extent they will torture them self’s changing broker three to four time to probably just end of going back to the first broker so I am willing to put up the News Trader Challenge to either find out is it really worth jumping back and forth from broker to broker or give people a sense of relief and choose their broker based on better reason that getting bad fill during the middle of news.

News Trader Challenge:

Show me a live account statement that goes back at least one year showing that you have/are successfully trading the news with at least 1 standard contract (100,000).

The first person that can provide this in the next 7days I will fly to Costa Rica all expense paid vacation.
  • #52
  • May 31, 2007 4:42pm May 31, 2007 4:42pm
Quoting THE FxORCE
check out the difficulty these poor people endured.
this is not a promotion of any type as it seems any time i post a link it is construed as promotion. this is to open the eyes up to the dangers of news trading. i'm sure somone will chime in soon that happened to be in this mess. i have been in messes before and lost 7% of my account in .5 seconds during news. It's very dangerous to mess with. to put it simply these people trying to get in on the spike with software are fighting a futile battle. hedge funds with billions are taking all the liquidity. there is no way to get in. and i'll also tell you that i've done this for 2 years. there is a strange coincidence that when you get in late and you are filled at the end of the spike the market will move away from you (drawdown) faster than you've ever seen it becuase hedge funds saw all us morons get in late and now we are their profit generators.
jeff s
http://www.youtube.com/watch?v=9QV0IsEAK2U
ouch 75 pips in a eye flick is...... ouchy
  • #53
  • May 31, 2007 4:48pm May 31, 2007 4:48pm
ive made 54.9K in two months, using 90K; 40%trading the news and 60% trend. i love forex its the best thing thats ever happened to me, its not easy, and i lost alot when i begun.
  • #54
  • Jun 1, 2007 3:35am Jun 1, 2007 3:35am
http://www.youtube.com/watch?v=r3k-mG4F5jQ
Ouch is right.
It really is that easy.
  • #55
  • Jun 1, 2007 4:56am Jun 1, 2007 4:56am
Quoting THE FxORCE
http://www.youtube.com/watch?v=r3k-mG4F5jQ
Ouch is right.
Holy mother of sweet Jesus... that hurts!

Read the comments rolling in the chat box: "FUUUU*K", "WHAT THE F@CK HAPPENED THERE?, "F@CKING SHIT!!!", and so on. Oh man...
  • #56
  • Jun 1, 2007 7:09am Jun 1, 2007 7:09am
yeah, another Felix special
If it's too good to be true, it probably is.
  • #57
  • Jun 1, 2007 9:05am Jun 1, 2007 9:05am
News trading is not for the faint hearted and you are going to take a loss occasionally whether or not your name is Felix.
  • #58
  • Last Post: Oct 25, 2017 5:38am Oct 25, 2017 5:38am
Indeed, without a doubt each news merchant is looking for the ideal broker to exchange the news in the degree they will torment them self's changing broker three to four time to most likely simply end of backpedaling to the main broker so I am will appreciate news trading test to either discover is it truly worth bouncing forward and backward from broker to broker or give individuals a liberating sensation and pick their broker in view of better reason that getting awful fill amid the center of news.
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