Jude

I've been doing this ever since I start even though I'm doing both fundamental and technical trading.

Now which tool do you use for trading the news or at least get the indicator results?

I'm paying 15 - 20 bucks per month to use TradeTheNews (thanks to tianx), anyone else using any resource that's good for economic indicator releases?

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JoseLeon

Jude,
can you give more information about TradeTheNews?

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"The more I know the people the more I love my dog"

Jude

Trade The News - Live Audio Breaking News Analysis and Futures Calls

It's this software that brings you short highlights on the news. You can sign up for a trial to see if it fits you before subscribing to them.

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aaron

The market reacts so quickly after the news being released. The news takes less than 5
seconds to effect the market.

But I couldn't find a place that deliver that kind of news that you find on the economic
calendar instantly or at least to be delivered within 5 seconds.

Could you help me?

Jude

Hey aaron, welcome to NN.

You can pay for such services for fast results of the economic data. A good and affordable one would be TradeTheNews. From InfinityShares, I learned they are using Reuters when they were trading news, which costs them a bomb.

Alternatively just head to ForexFactory and keep refreshing when the news is about to release (they're pretty heavy on traffic too though)

Hope this helps.

By the way, welcome aboard!

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sofaking

this one also specializes in Trading the news. I'm considering signing up but just looking for some opinions.

Candlestick News


BTW, I'm not affiliated with this company in any way, just looking for some feedback..

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jazzz

Hi all,
I am also a aggressive news trader. I usually get the news after which i analysis and then draw my deadline. Yea its difficult to trade on news time but if you could make your trade just after the news it definitely gets rewarded. I know its risky but playing with such is just amazing. Timings is very vital in this form of trading

For reducing my risk i keep in mind 2 things:
1. Dont greed. Even if we see larger pips, i just cover small pips as it involve higher risk.
2. Control of emotions.


Here my friend is Finexo Innovative Trading-Online Forex Trading, Currency Trading, Managed Account, Forex, Forex Demo, Economic Calendar. which guides me with my trades and provide accurate and reliable news.

jazzz

This is for all news traders.......

It seems that the euro as constantly losing momentum. Despite the ECB's raise in interest rates in July, the European region is still threatened by inflation, and the European data released this week did not help in improving the situation either. European economic sentiment hit a five-year low in July, reflecting a motionless economy and reinforcing investors' views that interest rates will be left unchanged despite the growing inflation. These negative data further weaken the euro, according to traders.

Investors will keep a close eye on U.S. jobs data as well as closely monitoring oil prices. The dollar was boosted due to the fall of crude oil prices to a 3-month low, its biggest monthly fall in 4 years. The euro stabilized after a 0.3% fall at $1.5559, not far from its one month low of $1.5522, and far from its $1.6040 peak of last month.

source: http://www.finexo.com/docs/tech_analysis/emc.pdf

jazzz

• FX: EURUSD forcefully rising to 1.4481. USD selling off on the Lehman and Merrill news. CHF and JPY only moderately higher.

• Fixed Income: Treasuries rallying more than a figure. Bunds will follow through today. JGB’s closed.

• Stocks: European session up +2% on Friday, but will gap open lower today. Nikkei closed. ASX down by 1.5%.

• Commodities: Precious metals only slightly higher despite the really weak dollar. Crude Oil trading below $100/bbl for the first time since April.

• Very, very, very negative news from The World of Finance: Barclays walk away from negotiations to take over Lehman (since deal was not Fed/Treasury (sponsored). I.e. Lehman small enough to fail. Lehman now filing for bankruptcy. Make no mistake, there will be tonnes of lossing among its counterparties. Financials will bleed this week.

• AIG might seek $40B help from the Fed after horrific losses, according to the WSJ. AIG very susceptible to downgrades.

• Merrill Lynch also under considerable pressure. Now discussing merger with Bank of America.

• FOMC meeting tomorrow. STIR Futures have changed, now indicating a 12% chance of a rate CUT in stead of a hike.

• US Treasury Officials have urged Japanse financial institutions not to dump bonds issued by FNM and FRE on the market. What a desperate move!

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jazzz

Hi there,

Here are Finexo daily Updates and Market news....

• FX: EURUSD blasting higher. Wild discussions about Bernanke/Paulson Plan…

• Fixed Income: 10-year contracts ranging or edging slightly lower. Fed’s Funds Futures indicating a 34% chance of a 35 bps. cut at the 29th of October FOMC meeting.

• Stocks: European session down by around 2%. US down by 3-4%. Asia down by 2%. Nikkei closed.

• Commodities: Gold up, trading around $900. Silver up, trading $13.4. Crude Oil up, trading $109.

• A combination of short-expiring ahead of October expiry, USD-weakness and news of higher imports from China have caused the largest single-day rise in crude prices, with the October contract closing at $120.92, or up 16%. At the same time, November contract saw Monday trading close over $110, or up nearly 7%.

• Details in the (so far) $700B Bernanke/Paulson Plan favour Morgan Stanley and Goldman, stories show. Critics state that the plan is far too cheap to have any impact and the real issue has moved from illiquidity to insolvency.

• Precious metals regaining some of the lost ground from the August-September sell-offs and most risk indicators are flashing and beaming. Only EURCHF not responding like it should in this environment (we should see massive unwinding).

• The USD is selling off dramatically. The USD Trade Weighted Index briefly touched the 50% Fibonacci retracement from the bottom in mid-July to the top in mid-September. The rapidly deteriorating US fundamentals and desperate nationalization of bad debt might lead to a break soon. These days, anything can happen…

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