Sunday, July 12, 2009

The ABCs of News Profiteer

By Clark Tomlin

Henry Liu has never traded for any bank, nor has he traded directly for a trader. He is not a Forex trading savant. However, he has used his Forex trading ideas smartly to help many retail Forex traders make the most of their business. He takes a different view of Forex trading, and bases his news profiteer system on fundamental news releases.

He believes that one cannot neglect the technical side of FOREX trading: evaluating market trends, Fibonacci retracements, and the like. However, he also chooses to cultivate the mental toughness required to make money in an uncertain market without succumbing to greed.

Henry Liu believes that an important aspect of Forex trading is consistently left out: fundamental news trading. It is thought about numerous times, but trade pundits deliberately dismiss it. In his newsletter, Henry Liu tries to provide examples of fundamentally tradable news and neutral views on its impact.

The news these pundits fail to account for is highly tradeable material- boardroom dividend declarations and important mergers- and so, in his newsletter, he provides detailed analysis of it and its effect on the market. With this analysis, the reader will be able to more effectively determine the proper trade.

In his e-book, Liu describes methods to remain on the good side of the system and to generate as many as 25-30 pips per trade. His news profiteer system effectively eliminates the inconsistency gradient associated with trading.

Henry Liu always generates excitement with the way he is able to trade in any market, from London to Nikkei, and in any market condition. Twenty five to Thirty pips per trade are not insignificant. Yet, his success is based on the principals of fundamental news analysis that intelligent traders are able to benefit from by reading his newsletter.

According to Liu, there are two types of traders. The first learns all the technical jargon and understands its execution. Those people grace forums and online trade rooms, but there are never enough shekels in their live accounts. The second understands the theories of rally and correction and support and resistance. If they also understand the effect of fundamental news on world Forex trade they will be the eventual winners in the market.

News Profiteer will give you access to that fundamental news and basic market principals, and will give you the kind of precise details you need to time your trades effectively. Believe in these principals, and your trading will be more successful than you can imagine!

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