Stay away from news trading, this is what most pro traders will tell you. Many traders indeed avoid trading the news. But there are some traders who have made millions trading the news. One of them is Dustin Pass. Dustin Pass can be considered a specialist in automated news trading.The other trader who loves to trade the news is Henry Liu who likes to call himself the News Profiteer.
So, what is news trading? Trading the news means you are setting up an entry into the market to profit specifically from the market reaction on the release of economic data like the NFP Report, the FOMC decisions and stuff like this. There are some economic data that moves the market the most. In recent years, it has been found that the currency pairs that involve the USD react the most to the NFP data. This can change overtime. Perhaps, unemployment is the most important thing for the US economy right now, this maybe the prime reason for the violent market reaction to the release of NFP report on the first friday of each month. There are many economic data releases that you can trade. Some economic data releases are worth trading others are not as markets don’t tend to react much to them. Another economic data release that you can trade profitably is the CAD Unemployment figures.
So, right now trading the NFP news release can be highly profitable. News trading is for those traders who love instant gratification and don’t want to wait for days to see their trade getting profitable. The most important thing for a news trader is to correctly predict the market reaction on the release of the economic data. If you can predict the direction in which the market will move correctly when the data will be released, you can make hundreds of pips in a matter of few minutes.
This is where most traders go wrong. They can’t figure out in which direction the market will move. Even if the initial reaction of the market is as anticipated, the market has a tendency to whipsaw as traders and other market participants adjust their reactions as time passes. Now, if you want to learn more about news trading, you can read this FREE News Trading Report by Henry Liu that explains most of the stuff that you need to know about News Trading. This report will also give you the list of economic data releases that are worth trading like all the major US tradable news, all the major UK tradable news, all the major canadian tradable news, all the major australian tradable news releases and so on. So, you will know what news are worth trading. This will save a lot of your time.
Dustin Pass and His News Trading Strategy
Dustin Pass has perfected a news trading strategy that makes predicting the market direction irrelevant. You simple don’t need to know in which direction the market will move. Doesn’t matter whether the market moves up or down. You profit in both cases using this news trading strategy by Dustin Pass. He has written an article that explains the news trading strategy in depth. You need to read this article in order to understand this news trading strategy. Don’t worry, this news trading strategy is easy and anyone can master it. It took 2 years for Dustin to fine tune and test this news trading strategy.
Straddle Trader PRO EA FREE Download
Dustin has developed an EA that he has named the Straddle Trader PRO that completely automates this news trading strategy. There is good news! Dustin Pass will let you test drive this Straddle Trader PRO EA FREE for a few days. Yes, he will give you complete access to the Straddle Trader PRO EA for a few days so that you can yourself witness the power and fury of this amazing EA that makes trading the news very low risk. But this offer is available only for a few days. So, hurry and take advantage of this offer before it gets pulled down.