How to trade the FREE Forex

"Live-on-the-News" Trade Calls...

Each day you will receive an email with the next days trades on it (if there is tradable news).

The trade calls will have the "News Release" that I will be watching, the expected number, and how the market will react in relation to the actual number released.

The size of the move depends on the importance of the news that's being released, and the difference of the actual number from the number that was expected.

Let's take a hypothetical example. We'll pretend the US Trade Balance is expected at -64B and the actual number comes out at -60. This is going to be good for the US dollar, and possibly could result in a 30-50 pip movement in the market.

In order to trade on the news, you will need a few things which I will go over but first I want to show you how I personally trade. If you are not currently receiving my calls you can sign up for free at:

http://www.forexmastermaker.com/

How I Trade

First I open my news feed, the feed I use is a premium feed. This service costs around $2000.00 a month but this ensures that I receive the data immediately.

There are cheaper alternatives which I discuss a few paragraphs down but I prefer to use a premium feed. I have developed a program that imports the released data and converts it into buy/sell signals based on the deviation that I set.

Again, this is not required it just makes it easier for me. You can simply decide ahead of time what you are going to do if the news comes out higher and what you will do if the news comes out lower than expected(I give you this info in the trade call).

Then, once you hear the release you must react without hesitation. I recorded one of the trades that I broadcasted in my live trade room so that you will have a better idea how I trade. This broadcast was about an hour so I cut it to around 1 minute. What you are seeing is the signal box in the left and my chart which I project onto the desktops of those that take part in my live calls. I actually use software that enters me automatically which speeds the process.

Click here to see video.

First Necessity

First you must have access to a valid Economic News Release calendar so that you will know what news is being released and when it will come out.

This calendar must also have the expected number and the previous number. These numbers are what you will base your trades on. I suggest the calendar at Forex Factory it is very informative and it gives you an idea on what news will move the market and what news will not.

You should always compare multiple calendars because the consensus (expected number) can vary sometimes from one economist to another.

Second Necessity

Second thing you need to trade the news is a News Service that will provide you with up to the second real time information so that when the numbers are released you will be able to enter immediately.

I suggest Trade The News -they are the least expensive and the best for the money. I have negotiated a 30% discount for any one who wishes to use this link:

http://www.tradethenews.com/freetrial.php?dp4x

As I said I personally use a premium feed however this feed is nearly $2000.00 a month which is not realistic for many traders just getting started. Trade The News is the best alternative.

Third Necessity

Third thing you need is a Broker that can execute your trades in a timely manner, this is a vital part of the process.

If you are unable to get in and out of the market then you are wasting your time. I have found a broker that works well. To read more about them follow this link.

My Live Calls

If you would like to receive these calls in real time you can read about my live service on the next page. I have done all the research and interpreted the release number for you in real time as seen in the video above. You will be provided the same software I use to enter me into the trade automatically.

Each month I accept a limited number of new traders. This will ensure that I can give the proper attention to each new trader.

To watch me trade Forex live-on-the-news in real-time...

Visit: http://www.forexmastermaker.com/forex.php

 

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