News Profiteer – Review
Written by Stock, Forex and Option Reviewer on November 8, 2008 – 10:25 pm -0 Positive Reviews
1 Negative Reviews
In this book Henry Liu is explaining some extremely effective yet embarrassingly little-known “insider” information that will improve your trading overnight.
Henry believes that taking advantage of fundamentals is all that separates the pro trader from the wannabes.
Here are some topics that are covered in this book:
- 3 highly effective ways to trade the news, allowing you to maximize profit no matter what broker(s) you use.
- Take advantage of Market Sentiment
- Learn to identify Daily Market Cycles
This E-book doesn’t waste a lot of time trying to be an encyclopedia of some sort. It’s just honest and straight forward. It’s not a comprehensive Forex trading course you’re after… it’s the secrets to make money with news. And anyway… all you really need is to know what are important news, how to trade them, and how to squeeze every last pip out of your trades, you know, the good stuff…
Free bonus available with the purchase of this ebook are
- Daily Newsletter
- Free 30-Day Membership to Weekly Outlook
- Free Special Report: Tradable News Cheat Sheet
If you are not completely satisfied with News Profiteer Ebook, you can request for a full refund with in 60 days so you are not risking any money you spend for this ebook.
Learn more about News Profiteer Now
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Tags: Ebook, Forex Trading, stock
Posted in EBooks and Hard Cover Books, Forex, Stocks | 1 Comment »
March 14th, 2010 at 12:29 am
I have seen only glowing , positive reviews for Mr. Liu’s course all over the internet. Well, there are some hard truths traders need to hear:
1). During major news events, brokers increase their spreads ( I’ve seen Oanda increases their news spreads to 25 pips ) . So that automatically eats into any potential profits.
2). During big news events, the markets can move quickly, so if your order even gets filled , it will be well beyond your entry price. I know – I tried “news trading” once and had my order filled 50 pips (!) away from my entry price. Luckliy, I made a small profit on that trade. But it was just luck – I could have suffered a huge loss just as easily.
3). The markets can discount fundamentals, so you have no guarantee there will be any big move after a report is released.
4). The markets can also be volatile after a big report is released – your paper profit can turn into a loss literally in seconds, faster than you can exit the trade. News-trading isn’t the easy path to riches.
5). Unless you’re a bank trader, you have no business trying to news trade – leave it for the professionals.
Sorry, but it is the truth.