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Rating Statistics: Average score = 4 | Total votes: 1
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Good site in general, plenty of information. The reason I didn't give it a 5 is because, beside its marketing hypes, their news trading style is just too simplistic. I've tried their free signals for a while, and realize that it's not exactly "news trading" I was looking for. For example, the signal would say: "if the Fed raise rate by 25 percentage points, sell EUR/USD and expect 50 pips profit, if they cut 25 points, buy the pair and expect 50 pips move..." Now, everyone knows it's very unlikely the Fed would do anything today, but this pair is still expected to move out of control. Why? Because it's the Fed's statement that matters, not their action today. We know that forex trading is based on speculation, so if you trade the Fed's tone, you'll miss the big opportunity! |
By: Brad
IP: 60.53.167.188
Date: 08/05/2008 |
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