any professional forex news traders?

hi guys,

Just wondering if there are any fulltime forex news traders. As in guys that trade economic events ( non farm, GDP, CPI etc) Do you use a dedicated server for the fastest execution times and if so any recommendations? do you use ea's to trade the spike or are you more of a wait for the retracement of the spike and then take a trade?

Just putting my feelers out there to see if there are any news traders to connect with to see if they can offer any advice or share tips

cheers fxpiprunner

Hi
I am looking for a professional forex news trader too let me know if you had found one best regards

This is the place for news trading: http://www.forexfactory.com/showthread.php?t=518501

Thank you I'm new here can I Post in the news trading thread and all of the members that posted can see my post

Unless you are not going to promote any buckethsop or another "fap turbo" - like trading service. News trading is very erratic and unpredictable trading style, your learning curve is not going up there unless you are not focused on getting technical edge somehow..

Sure. Probably your Q was already asked, read the thread, learn to use search option, look for a paper clip at the top of the page above thread's title.

There is a couple of young kids in my office who are very good in algo trading. They graduated with degrees in computer science and from what I know they trade various strategies and one of them also designed algos to news trade. Not sure about their results as I am not interested in news trading and they are also relatively new in trading and I don't think they do very well, yet. But I believe that nowadays it's hard to manually trade the news like many years ago. A long time ago it was an edge for a while but once more people discovered this edge and act on it, the edge is effectively gone. Those who are smarter then adapted and moved onto using algos and dedicated servers to news trade and again it had some edge for a while, but then people realized that there is edge in this area and as more people were capable to join in and used similar algos to trade news this way, this edge was also pretty much exhausted and gone. News trading profitably is still doable today but only with the following way, if you want to profit consistently.

The problem with trading nowadays is that when you think you are smart enough to think of some trading methods with some real edge, there are also a handful of equally smart guys who are capable to think of the same things as you and because of the free flow of info nowadays, real edge don't last as long. The issue is that you need to have exclusive edge to be consistently profitable nowadays, and if the edge is not exclusive, meaning you are not the ONLY few people who are aware of the same edge, then how long you can be consistently profitable depends on how fast the edge will deteriorate. You hope that not many other fellow traders have aware of the same edge yet and hop on the same boat as you and you pray that the trading edge can last as long as it can, be it a certain trading method, concept, or news trading. For example, from what I know some news/research agencies who do data collection and research for the government have a premium service for some big banks and financial institutions and if they paid the research agencies a premium fee (which is quite high) then whenever an important economic research figure is announced, these financial agencies will get the news around 2 seconds (depending which research agency) ahead of time. YES, just 2 SECONDS AHEAD OF TIME, but these big banks already have their algos well designed for this situation and a mere 2 seconds is enough to prepare them to react to the news much faster than all other firms, professional traders and the retails and they wil be on the right side of the trade EVERY SINGLE TIME. This is what I called "EXCLUSIVE EDGE". Yes, it's UNFAIR and so now there are serious voices about whether it's legal for these research agencies, who have the privilege to provide research to the Government, to offer such premium service to the big banks.