News Trading With Dustin Pass
Many traders stay out of the market when fundamental news release is made. At the time of the release of fundamental economic reports like the NFP Report (Non Farm Payroll Report), the FOMC Meeting Minutes USD becomes highly volatile. In the same manner when the UK Retail Sales Figures are released the USDGBP or the EURGBP pairs shows a lot of volatility. Similarly when the Canadian Employment Figures are released USDCAD pair becomes highly volatile.
Some would start selling while others would start buying anticipating a strengthening of the currency. So, one minute the market is moving up and the other minute the market is moving down.
If you want to become a news trader, I want you to meet two persons in this regard. One is Henry Liu. He is an expert in trading fundamental news release. You should download his News Trading Cheatsheets that give important tips on how to trade the fundamental news plus major tradeable news from US, UK, Canada, Australia and New Zealand.
This calendar of major tradeable news from these important countries can be real helpful to you. You see USD, GBP, CAD, AUD, NZD are all highly lucrative currencies that you can trade throughout the month according to the calendar of the major tradeable news releases.
What Oracle Trader software does use a high speed price feed to compare the actual price after the news release with the expected price that the analyst had thought it would be.
Oracle Trader Software is so good that it made Dustin Pass a millionaire before even he was 29 years of age. This software did not lose a single news release trade since 2004
What Oracle Trader does is compare the expected news release with the actual news release at the time of the release. If there is wide divergence, the market is going to show a lot of volatility and may move up or down. Oracle Trader compares the actual with the expected and on the basis of the divergence between the two, it predicts the market direction.
The more the divergence, the more the market will react. This software does exactly that.
Article Source: FxTradingStock.com
About the Author
Mr. Ahmad Hassam has done Masters from Harvard University. Download the Oracle Trader Software by Dustin Pass FREE! Meet the Newsprofiteer Henry Liu and download his News Trading Cheatsheets FREE!
by: Ahmad Hassam
Total views: 28
Word Count: 370
Date: Sun, 3 Oct 2010
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