If you have been trading forex for any length of time, I'm sure you have heard about forex trading. Or you could avoid trading news forex, because you never know how the market will react to the news release. But what if you had a way with low risk trade news in forex and no matter in which direction the market is going, you could make a profit. Well, this is what Barry Batista with forextradersdaily.com tried to do in his latest release Straddle Trader Pro News Trading Software.
What is Forex News Trading?
Simply put, the trader is trying to determine which way the market will move after the news release will be issued. In the past it was almost impossible, as the market reacts to the news release in seconds, so the trader is unlikely to have enough time to determine good or bad news, and much less to determine whether a currency pair is going up or down. In addition, the currency usually rises sharply so dramatically and so quickly, that it was impossible to even enter a trade at a profitable rate.
So, what makes the Straddle Trader Pro software?
Straddle Trader Pro – software strictly for trade news software. It is a mixture of software and expert advisor. First, you have a software interface that is directly related to the newswire, which receives the data. It then processes the data and sends the parameters of an Expert Advisor that has bids in your account. Now, to enter into a trade before it rises up or down, expert-consultant Straddl Trader Pro 2 place the expected transaction. One, when it goes up, and one when it goes down. Thus, in whatever way it may be moved, it will cause one of them automatically cancels another deal for you so you could not 2 deal.
This has the advantage that you get to market faster than you could do it manually. In addition, Straddle Trader Pro automatically takes into account some of the risk parameters for you, and you set the lot size, distribution, and other factors, before the news release ever since & # 39 will appear, so you do not have to panic and struggle to get a sale.
Finally, Barry Batista is a schedule of all news releases on its website and informs you of incoming factors that you need to invest in software in order to minimize risk. All news releases are planned in advance, so they are never at the last minute, and setup takes about 10 minutes. Another aspect that many traders appreciate, is that you never do a deal for more than 10 minutes. Once the trade is open, you usually usually work the first minute or two, and then all you are doing. Thus, you will never remain open transactions, about which you should be concerned.