Through the years spike trading economic data in the fx market has become increasingly complex. Despite the fact that a number of forex traders have found the right broker to successfully as well as profitably accomplish that, there is still one more group of retail fx spike traders that battle to become a successful spike trader. Have you ever considered the market you are trying to trade? We all know that most forex brokers take the other side of your forex trade. When you sell they buy it from you and vise versa. What is the advantage to this forex brokerage business model? It’s quite simple, 95% of retail traders are not profitable! Knowing that, forex brokers take the other side of your forex trade and therefore make money 95% of the time! This dilemma with retail fx brokers plagues us all! For every problem there is a answer, and this situation is no different. Answer number one is locate a fx broker who actually fill your forex trades in live market, or by means of another forex traders orders. Answer number 2 is switch the marketplace you trade in!
Simply put there are greener pastures! A place where the broker does not mind successful spike traders, this is the fx futures trading market. Futures can include forex futures, equity futures, and bond futures to name a couple. In the forex futures marketplace your spike trade really goes to the market, and therefore when you sell there is someone that is buying it from you and when you place a buy order someone has to sell it to you for your trade to go through. Why is that significant to you as an economic news spike trader? This is vital as after you begin making money with forex news the broker will simply discontinue your success! The forex broker’s take the counter part to your spike trade and as a result lose when you win and win when you lose. Within the fx futures market, the brokers simply take a commission for each trade and have no active interest in your success or failure as a spike trader. Now you can spike trade without worrying about your broker shutting you down as a result of your profitable trading with the software from Fast Economic News called the Secret News Weapon during economic news price spikes.
Currently we have mentioned why futures trading is as a result much better than spot forex, but how are we able to do it profitably? First and foremost you need the fastest fx news feed available to anyone. Bear in mind you are going to be competing with the best spike traders in the world to get in the trade previous to the price spikes in the path of the economic news. Thus by having the most powerful and fastest economic news service accessible you contain the primary step to profit. The second is the capability to actually enter the market ahead of anybody else. The human brain by comparison to a PC program is sluggish. Knowing that Fast Economic News engineered the Secret News Weapon to automatically, based on the news, place the order for you numerous times quicker than you could click the buy or sell button. The third step is possessing the quickest connection to your forex futures broker. That is completed through possessing a proxy server in between where the economic news is released in New York, and where the order is placed which is Chicago. As a result of doing this you remove the need for the forex news to come to your house and then from your house to the fx futures broker. Milliseconds can mean the difference between a profitable spike trading career and a losing one. For further information get in touch with Fast Economic News to learn more about how you can spike trade live economic news with the forex futures trading Secret News Weapon!
