Let me explain! Currency markets always react violently to the release of fundamental news like the NFP report. If the actual report shows wide variations from the expected report, market can move hundreds of pips in just a matter of few minutes.
Infact, you can get the chance of trading 15-20 news releases each and every month. Not a bad idea to trade these news releases if you can make at least 50-200 pips each time. The problem is this that at the time of the news release the market direction is highly unpredictable. At these times, markets get highly volatile. Brokers widen the spreads. Chances of slippage heighten.
Download the Oracle Trader Software FREE that made Dustin Pass a Millionaire trading news releases. Get these Forex Scalping Cheatsheets, 10X Scalping System and the Hot Time Indicator FREE. Get these News Trading Cheatsheets by Henry Liu FREE.
But there are some maverick traders who have learned the art of trading the news. That includes Dustin Pass and Henry Liu. Both have made a fortune trading the news.
Dustin Pass has developed a software that he calls the Oracle Trader. He has used this software over the last four years infact to make millions of dollars trading the NFP Report, the CAD Employment Figures, the UK Retail Sales and so many other fundamental news releases that are scheduled around the month. Infact, this Oracle Trader did not lose even a single trade during the last four years trading these news releases. This is something astounding!
After going through these reports, you are all set to trade with the Oracle Trader. News trading can be highly profitable if you can predict the market direction just after the news. Oracle Trader does just that! What it does is it compares the actual market direction with the predicted market direction. Oracle Trader Software get the latest news release data from the fastest price feeds. It then compares that actual news report data with the analyst’s estimates. If the variation is huge and wide, it then gives you the buy and sell signal. News trading can never become more easier than this.