3 Crucial Tools & 3 Essential Basics For Successful News Trading

Most often we get inquiries on this question: "what are the best tools for news trading" and "what are the best trading systems (EAs) for news trading". In order to proffer answers to these questions, I try to find out what actually these traders want. I discovered the following needs are major in the list:

1. Consistent Profit, Consistent Profit, Consistent Profit...... (not entirely possible)
2. Ability to trade every news event, without a loss (not entirely possible)
3. Super intelligent system that will beat the market at its game (possible but not all the time)

Based on my experience in news trading I came up with what I call the basics and essential tools that would aid and improve a high-win rate in news trading. The combination of these tools does not make it a perfect system (holy grail) although it can get close to it depending on the knowledge and skills of the user. It is therefore extremely necessary to work on yourself because a perfect system with an imperfect user will always produce an inefficient result.

Lets start with the essential basics and then we proceed to the tools....

BASICS

1. You
   The greatest tool in Forex trading is YOU. You are what you know and the more good knowledge you know about Forex the more successful you'll become. Knowledge they say is Power. You MUST acquire deep knowledge about Forex not just buying and selling but the underlying tricks, intrigues, secrets, both technical and fundamental principles of news trading. 
   
   
   See: How I Trade The News (Beginners & Advanced Knowledge) - Part 1, Part 2 & Part 3 
   
   
   Based on my interview with some traders I noticed that what they actually need is just a little bit of indepth knowledge added to the trading systems they've acquired then they'll excel and reduce the consistent losses. In some cases many got frustrated, and backed out of news trading too soon.
   
   See: Popular issues and complaints traders' make about news trading & where they got it wrong
   
   
2. Computer System
   The area of focus here is not just the kind or specs of the computer system although its really important we use the best computing resources in trading Forex (a CPU of 2GHz & 2GB RAM upwards is suitable). The area of focus here is the right data connection (speed and reliability). Most news release comes with very swift reactions that are capable of sending price feed servers to go nuts. In some cases news data source comes in late after the action has occurred due to the insufficient capacity of the computing resources, and data connection reliability to pull down data from them. In this case a VPS is a great tool for 100% efficiency in news trading due to their massive resources, and robust hardware architecture.
   
   See: Reasons Why You Might Need A VPS Service
   
   
3. Broker
   This is another very important area where many traders get so confused and frustrated. We receive lots of inquiries like "which broker is the best for news trading?" or "where can I get a broker without slippages, requotes and low spreads?" The answer is you might not get a 100% perfect kind of Broker but at least you can truly get something close it.  A common mistake most traders make in news trading that leads to slippages is when they try to manually place an order few seconds to a news release. The chances of getting slippages becomes very high due to the huge demand and super speed (surge) of price from liquidity providers all over the world at split of seconds. Even intelligent auto click EAs sometimes fail in this scenario. However the following considerations are important when it comes to news trading and Brokers.
• Account
  Not all account types are recommended for news trading. An ECN account or an STP Broker with either currenex or related account of such type is preferable. Using a mini or micro account with an insignificant balance might be disastrous for news trading, except you want to trade with mini lots of 0.01, which might be unprofitable at the short run. Some Brokers have dedicated accounts for news trading. 

See: HotForex Zero Spread Account (specially designed for News Trading & Scalping EAs)  
 
Certain account types are protected from unusual spread widening. However from close observations, there are certain events that these special accounts cannot totally control when it comes to spread widening. For example events like Interest Rates, & Employment Change that requires pairing of CHF, AUD, CAD & NZD, spreads often widen beyond what we consider as the normal range in few seconds to the news release and then retract back. This calls for wisdom, and good skills to control and take advantage of it.
 
• CapitalDoes the amount of capital required for news trading matter? Yes! but with disciplined money management rules a little amount can swell up to a large ocean in due time. Honestly it will be gambling to start with a minimal sum of $100 for news trading. The kind of volatility here might crush it to bits in only one event if something goes wrong. This is worse for new beginners. Most traders misunderstand the word from Brokers - "Minimum Deposit" as to mean recommended capital for trading Forex. Hence they jump in with the minimum (a little amount), and then get fried at an early stage.
 

ESSENTIAL TOOLS

We decided to state a few important info about the basics before looking at the tools because the basics acts as a solid foundation which will make you enjoy full benefits of the essential tools.

Tool No 1. [News Feed Utilities]

You might be wondering why the EAs and Indicators didn't come up as the first essential tool. Without the news feed systems EAs or manual news trading systems are useless. Infact news feeds are a crucial feature in automated news trading system. So what's the ideal tool for this? They must be fast, lightweight, possibly affordable, portable, & accessible with ease.

FXPulse4: This FREE utility eases the monitoring of news release outcome directly on your chart. You do not need to flip back & forth from your platform and browser to see the actual figures for the news release as it comes directly on your chart. The utility can be customized to suit all kinds of events. Download: FXPulse 4.0

FXPulse 4.0

NewsCal Indicator: It's a FREE lightweight mini indicator with an event calendar that can be customized to suit every need. It's fast and pulls data from Forexfactory right into your chart. An interesting feature is the alarm system which informs you of an incoming news event. It's part of my news trading arsenal and its been very helpful to me.

NewsCal Indicator

Dynamic Support & Resistance Tools
I talked more on this tool in our series of How I Trade The News. This tool (indicator) is very intelligent as it dynamically recalculates the support and resistance of price (highs & lows) within intervals and draws the resistance and support lines on the chart. This helps in placing pending orders, knowing actual areas to set stop loss, and likely areas where whipsaws (fast or irrational up & down movement in seconds) would occur prior to and during news release. This tool makes manual news trading and straddling very easy for me.

NB: A combination of the newscal indicator, S-R indicators and others can be found in the Part 2 series of How I Trade The News


Tool No 2. [Expert Advisers]
Apparently some developers have been able to design clever, dynamic (full auto & manual), and intelligent EAs that trade the news efficiently. Quantina Intelligence Ltd - Research Labs is one of them. They are dedicated to research work on automated news trading strategies.  Here are some of the essential news trading EAs from them.

Full Fledged EAs (Set & Run)

Quantina Forex News Trader EA 2015 ULTIMATE v3.1 (Automated-and-Manual Trade)  
This EA has been confirmed as a "Plug & Earn" fully

automated Forex robot. It has the capacity to download Economic Calendars, which are filtered automatically, choosing the best possible currency pairs and trading automatically in the background to reduce internet usage. According to the developers, the EA is able to achieve about 82-90% consistency success in Forex news trading. Personally from my experience its one of the best News Straddling Software. However a notable issue with users is getting the right optimized settings. There is a special settings pack available at a small price. It's the same settings pack used by the developers.

Quantina Straddle Trader EA 2016 - (With Latency Meter)
This is another essential tool for news traders who love to straddle before economic news is released. I have received lots of request on straddling news trading systems due to its fantastic way of making profits from news trading.

Straddling means placing two pending orders before economic news is released, a buy-stop and a sell-stop. The essence of this is to set a trap to capture market moves after a news release, which may go either way

If the news release comes out bullish, a bullish spike would trigger the buy-stop order and hopefully the trader will make some money. The same applies to bearish spikes. So with straddling, direction of a news release is not so important and not relevant. The EA takes care of all this without your intervention.

A great feature in this EA is the Latency, Spread and Speed Meter, Advanced Break Even Method (Trigger + Lock), and Stealth Mode Function to protect your account. A demo version is also available.

NB: All products from Quantina Intelligence Ltd. is currently available at a special promo price. See more details or contact us for volume price and better deals.

If you wish to go the FREE way then these essential EAs would be useful.

Henry Liu's CNT EA
I really don't know the current performance of this EA. It's quite a useful EA that trades the news automatically but lacks the additional features of very good paid versions. For a low budget trader it's ok to start with. Henry Liu's EA used to be the hype back then but it seems a bit silent now.

 Auto Click EAs (FNG)
Honestly based on personal experience I do not recommend auto click news trading systems due to extreme volatility of some events in news trading. For instance there are events that causes huge gaps in splits of seconds due to the severity of the impact, which auto click systems cannot detect or execute. The issues of hangs and platform freezing during news release makes auto click systems inefficient. However there are some FREE auto click systems like FNG that are very good. FNG publishes guides and setups regularly for subscribers.

Tool No 3. [VPS]
The benefit of using a VPS is most often ignored by traders. It is a very handy tool for the following kinds of people:

 > Busy Traders (investors)
These are mainly traders who have very busy schedule and therefore do not have the time to adequately monitor news trading events or the events most often clashes with their business schedules which keeps them off their computer.  

Another category of this type are traders we call pure investors. They have little or no knowledge in Forex and hence invest only in EAs, PAMM, or Signal trading systems. It's advisable for traders of these type to deploy their platforms to a reliable VPS where their platform and trading systems would run 24/7 unhindered.

See: Guide To Selecting A VPS

> Traders Who Reside in Unfavourable Geographical Regions

There are some or more important news trade events that are scheduled in times that are not favorable to certain geographic region due to time difference. Well Forex trading is more of a 24/7 market so one should get used to this. However it could be very tiring to be up midnight after a hard days work to keep up an upcoming event. I have most times missed vital events despite depending on my clock alarm to wake me up at such times. So in this case a VPS with an automated trading system would be very handy. See more on Why You Might Need A VPS System & Top 5 Forex VPS Providers - 2016

For a reliable VPS we recommend NextPointHost & TradingFXVPS. NextPointHost currently offers a special price discount for life up to 50% depending on the billing cycle. I've known them for quiet some years. TradingFXVPS has well spread VPS data centers in major parts of the world.

These are the Three (3) crucial tools and basic needs for successful news trading. If you know any that's not listed here and will be very useful, feel free to share with us.

Wish you a pipful encounter all the way.

Your dear friend in news trading.

Copyright Image (Mechanic Spanner Toolbox Running Isolated Cartoon) courtesy of vectorolie / FreeDigitalPhotos.net 

Interesting Facts About TradingFXVPS

The demand for Forex VPS services has somewhat increased over the years owing to the growing desire by traders who utilize trading systems that require 24/7 operations on the market.

7th March, 2016 [Two new additional VPS Plan has been added increasing it to Five (5) VPS plans, while prices where also reviewed accross board to fit all categories of users. See our VPS ranking table for more details.]

The importance of a VPS in Forex trading cannot be overemphasized most especially for busy traders, and investors who do not have the time to sit on their PCs 24/7 monitoring the market when they have an EA or indicator that can do it automatically.

In order to present the best VPS providers we decided to review our Top 5 VPS Providers, and then we came across TradingFXVPS, which has taken the 2nd spot on the ranking table.

INTERESTING FACTS

Hardware - How Efficient & Powerful?

While most VPS providers boast of a robust hardware architechture, TradingFXVPS hardware comes from a well known leader in Server Technology - HP and IBM. When it comes to server technology, these manufacturers are well known for powerful, high-end server products. 

According to the VPS provider, their servers is equipped with SSD RAID10 disk array built on high-speed SAS and SSD drives, which offers high-speed access to information with 10-20 times faster than most hosting providers using SATA drives. This guarantees protection of data in case of hard drive failure.

Virtualization

When it comes to VPS efficiency the administration of virtualization matters a lot. An interesting finding here is that TradingFXVPS utilizes KVM (Kernel Virtual Machine).

KVM is a virtualization infrastructure for the Linux kernel that turns it into a hypervisor (i.e. a virtual machine manager, that allows multiple operating systems to share a single hardware host inclusive of its resources). This technology also makes it impossible to provision VPS beyond capacity.

Data Center - Proximity to Broker, & Latency

It is quite interesting to note that TradingFXVPS is one the 

providers that has a considerable data center spread across Two (2) major continents & Four (4) countries (London, US, Frankfurt & Amsterdam). This is extremely important when we consider latency between the Broker and the VPS (latency is the amount of time a message takes to travel a computer network. it is an expression of how much time it takes for a packet of data to get from one designated point to another). Another interesting fact here is that the locations of the data center seems strategically positioned to meet nearly all the major brokers and liquidity providers. Visit website to check Broker Latency table for a list of 125 Brokers.

Platform - Generic? Customized? Proprietary?

It's quite interesting to note that they somewhat accept virtually all the known trading platforms such as cTrader, jForex, MT4, MT5, TradeStation, & NinjaTrader. This is fantastic.

Cost - Affordable? Price vs Quality!!!

All has sounded very interesting so far. However one last thing on every trader's mind is - How Much Is This Going To Cost Me??? 

TradingFXVPS seems to be a bit costlier than the VPS providers on our ranking list. However the hardware features are much better in terms of resource quantity & value. So the prices seems to match their product value. For instance the $250 plan gives you a higher memory allocation of about 16GB, which is almost 4 or 5 times more than what you get on other higher plans for the other VPS. The second highest plan by another VPS provider is around $249 which gives you about 10GB memory allocation. So it is apparent that their prices are considerate with regards to the value of their products. See comparisons in our Top 5 VPS Providers - 2016 or visit website to see detailed plans and cost breakdown.

Benefits - Return Policy, Bonus, Freebies???

A 30 day money back guarantee is available for all plans. Also every yearly subscription on any plan comes with additional FREE 2 months and a percentage discount for yearly subscription.

In summary, TradingFXVPS state-of-the-art technology has given traders all they need to enjoy the benefits of utilizing the full capacity of their trading systems (EAs, Signals, e.t.c.), which will improve revenue for them.

We welcome your thoughts, comments, experience with them, or suggestions about TradingFXVPS.

Further Reading:  

1. See Reasons Why You Might Need A VPS

2. What To Consider When Choosing A VPS Provider

                         

2015 News Trading Performance Analysis - How We Performed In 2015

Our quest to diversify our portfolio in Forex Trading led to deeper search for better trading techniques and strategies. Having tried various systems out there we ended up with News Trading. We discovered it had more opportunities for wealth creation much better than most trading strategies out there. Moreover we found it more appealing due to the obvious fact that the fundamentals is what drives the market. While fine tuning the "perfect" strategy we decided to share our results as a proof of our belief in News Trading. It's not been rosy but very promising.

Being a new strategy we decided to play safe but more competitive by trying out our research on a $100,000.00 demo contest account, which we call the Test Account. The contest, which runs every month enables the first 3 traders with the highest profit to earn a real account fully funded with funds up to $2,000.00 for the 1st winner.

Performance Analysis

Month	Total	Largest Gain	Largest Loss	%Profit
January	Nil	Nil	Nil	Nil
February	$101,601.55	$930.16	$203.00	1.58%
March	Margin Call	Nil	Nil	Margin Call
April	$210,502.81	$31,453.51	-$20,842.27	52.49%
May	$242,352.62	$65,069.90	-$85,094.99	58.74%
June	$507,770.84	$335,430.47	-$449,670.05	80.31%
July	-$1,075.41	$55,076.87	-$179,242.24	Margin Call
August	Margin Call	Nil	Nil	Margin Call
September	Margin Call	Nil	Nil	Margin Call
October	$397,099.83	$466,733.61	-$366,639.26	74.82%
October	$681,283.23	$308,691.18	-$374,123.80	85.32%
December I	Margin Call	Nil	Nil	Margin Call
December II	Margin Call	Nil	Nil	Margin Call

In all we had Six (6) wins & Six (6) losses. One of the

50% Discount Promotional Offer

major reasons we had negative encounters in some of the months was because of the competitive nature of the contest account. I was under severe pressure to meet the target each month, hence I broke Money Management rules in some cases. Other primitive factors that also led to Margin Calls were extreme lot volumes, exposure to high risk events like the EURO Interest Rate Decision. 

News Trading is actually very lucrative and as well very risky. This year we intend to be more prudent, disciplined, and tactful.

Copyright: Image (Survey Form) courtesy of tiramisustudio/FreeDigitalPhotos.net

News Trading Results - 2016

Our news trading experience has been wonderful ever since we developed a unique news trading strategy. The performance last year was great and there's a lot we still need to perfect in 2016.We intend to add the result of other news trading systems along with ours here. Feel free to share yours. See full 2015 results

*NEW: Good news.... We recently discovered a new trading strategy not on news trading. The trading strategy is currently being tested on the same account used for our news trading. Therefore we shall be sharing the results along with the news trading results here. For now we do not have a name for the strategy but it is identified here as Morning Rise or Night Sniper. More details soon.....

May Live Statistics - Source MT4i

Monthly Performance Result
(Click On The Month To Display/Download Detailed Account Statement)

January Capital $100,000.00 Profit   $266,038.60	February Capital $10,000.00 Profit $12,492.54	March Capital $10,000.00 Profit $149,703.87	April Capital $10,000.00 Profit $22.24	May	June
July	August	September	October	November	December

 KEY: A = Actual, F = Forecast, P = Previous -r = Revised

See Latest Result

Date	News Item	Act	For	Prv	Result
January	**New Test Account $100,000.00
Week 1 Jan Jan 4, 2016	US ISM Man PMI	48.2	49.1	48.6	No Trade
Jan 6, 2016	UK Services PMI	55.5	55.6	55.9	No Trade
	US ADP Non-Farm Empl. Chg.	257K	193K	211K -r	-$24,653.42
Jan 8, 2016	US NFP	292K	203K	252K -r	$19,170.71
	CAD Empl. Change	22.8K	10.4K	-35.7K	-$18,076.84
Week 2 Jan Jan 14, 2016	AUD Empl. Change/Unem. Rate	-1.0K	-11.0K	74.9K -r	-$13,704.13
	UK Bank Vote	1-0-8	1-0-8	1-0-8	No Trade
	UK Interest Rate	0.50%	0.50%	0.50%	No Trade
Jan 15, 2016	US Core Retail Sales	-0.1%	0.2%	0.3% -r	$3,091.3
Week 3 Jan Jan 19, 2016	UK CPI y/y	0.2%	0.1%	0.1%	Missed Trade
	NZD CPI y/y	-0.5%	-0.2%	0.3%	$62,361.69
Jan 20, 2016	US Core CPI m/m	-0.1%	0.2%	0.2%	Missed Trade
	CAD Interest Rate	0.50%	0.25%	0.25%	Missed Trade
	BOC Press Conference				Missed Trade
Jan 21, 2016	EUR Interest Rate	0.50%	0.50%	0.50%	No Trade
	ECB Press Conference				$109,277.02
Jan 22, 2016	UK Core Retail Sales	-0.1%	0.1%	1.3% -r	No Trade
	CAD Core CPI m/m	-0.4%	-0.3%	-0.3%	No Trade
	CAD Core Retail Sales m/m	1.1%	0.4%	0.0%	No Trade
Week 4 Jan Jan 27, 2016	AUD CPI q/q	0.4%	0.3%	0.5%	$33,030.07
	US FOMC/Int. Rate	0.50%	0.50%	0.50%	-$45,730.47
	NZD Int. Rate/Statement	2.50%	2.50%	2.50%	-$1,590.15
Jan 28, 2016	UK Prelim GDP q/q	0.5%	0.5%	0.4% -r	-$47,657.17
Jan 29, 2016	US Advanced GDP q/q	0.7%	0.8%	2.0% -r	No Trade
	CAD GDP m/m	0.3%	0.3%	0.0%	No Trade
TOTAL					$266,038.60
February Week 1 Feb	**New Test Account $10,000.00
Feb 1, 2016	UK Manufacturing PMI	52.9	51.8	52.1 -r	-$2,445.54
	US ISM Manufacturing PMI	48.2	48.6	48.2	$117.00
Feb 2, 2016	NZD Employment Change q/q	0.9%	0.8%	-0.5% -r	Missed Trade
	UK Services PMI	55.6	55.4	55.5	-$1,468.81
Feb 3, 2016	US ADP	205K	193K	267K -r	-$1,480.19
	US ISM Non Man. PMI	53.5	55.1	55.3	No Trade
Feb 4, 2016	UK Bank Vote	0-0-9	1-0-8	1-0-8	$4,614.44
	UK Interest Rate	0.50%	0.50%	0.50%	Shared Result
Feb 5, 2016	US NFP	151K	189K	262K -r	-$513.16
	CAD Employment Change	-5.7K	5.2K	22.8K	$236.93
Week 2 Feb
Feb 12, 2016	US Core Retail Sales	0.1%	0.0%	0.1% -r	$695.81
Week 3 Feb
Feb 15, 2016	NZD Retail Sales q/q	1.2%	1.4%	1.5% -r	-$764.66
Feb 18, 2016	AUD Employment Change	-7.9K	12.9K	-0.8K -r	$746.71
	AUD Unemployment Rate	6.0%	5.8%	5.8%	Shared Result
Feb 19, 2016	UK Retail Sales m/m	2.3%	0.8%	-1.4%-r	$1,150.35
	CAD Core CPI m/m	0.3%	0.2%	-0.4%	No Trade
	CAD Core Retail Sales m/m	-1.6%	0.5%	1.0%-r	No Trade
	US Core CPI m/m	0.3%	0.2%	0.1%	$961.66
Week 4 Feb
Feb 26, 2016	US Prelim GDP q/q				$642.01
TOTAL					$12,492.54
March Week 1 Mar	New Test Account $10,000.00
Mar 1, 2016	AUD Interest Rate	2.00%	2.00%	2.00%	Missed Trade
	CAD GDP m/m	0.2%	0.1%	0.3%	$2,238.87
	US ISM Non-Man PMI	49.5	48.5	48.2	$293.55
Mar 2, 2016	AUD GDP q/q	0.6%	0.5%	0.9%	$3,750.55
	US ADP Non-Farm	193K	185K	214K -r	$-7.61
Mar 3, 2016	UK Sevices PMI	52.7	55.1	55.6	$60.00 #qu
	US ISM Non-Man PMI	53.4	53.2	53.5	-$1,108.81
Mar 4, 2016	AUD Retail Sales m/m	0.3%	0.4%	0.0%	No Trade
	US NFP	242K	195K	272K -r	$2,506.52
Week 2, Mar
Mar 9, 2016	CAD Int. Rate/Statement	0.5%	0.5%	0.5%	-$642.23
	NZD Interest Rates	2.25%	2.50%	2.50%	$23,835.21
Mar 10, 2016	EUR Interest Rate	0.00%	0.05%	0.05%	$16,513.12
	ECB Press Conference				$1,668.40
Mar 11, 2016	CAD Empl. Change	-2.3K	10.2K	-5.7K	$5,441.57
	CAD Unem. Rate	7.3%	7.2%	7.2%	Shared Result
Week 3, Mar
Mar 15, 2016	US Core Retail Sales m/m	-0.1%	-0.2%	-0.4% -r	$966.52
Mar 16, 2016	US Core CPI m/m	0.3%	0.2%	0.3%	$823.17
	US Interest Rate	0.50%	0.50%	0.50%	$26,535.79
	US FOMC Press Conf.				$1,085.20
	NZD GDP q/q	0.9%	0.7%	0.9%	$15,758.15
Mar, 17 2016	AUD Empl. Change	0.3K	11.6K	-7.4K -r	$12,064.50
	AUD Unem Rate	5.8%	6.0%	6.0%	Shared Result
	CHF Libor Rate	-0.75%	-0.75%	-0.75%	No Trade
	UK Interest Rate	0.50%	0.50%	0.50%	$8,307.38
	UK MPC Bank Rate Vote	0-0-9	0-0-9	0-0-9	Shared Result
Week 4, Mar
Mar 22, 2016	UK CPI y/y	0.3%	0.4%	0.3%	$46,329.40
Mar 24, 2016	UK Retail Sales m/m	-0.4%	-0.7%	2.3%	No Trade
Week 5, Mar
Mar 29, 2016	US Fed Chair Yellen Speech				$209,735.30
Mar 30, 2016	US ADP Non-Farm	200K	195K	205K -r	-$38,361.87...
Mar 31, 2016	UK Final GDP q/q	0.6%	0.5%	0.5%	-$207,686.32...
	CAD GDP m/m	0.6%	0.3%	0.2%	$17,921.87
	CHF Gov Board Member Speech				$9,603.87
TOTAL					$149,703.87
April Week 5/1 Apr	New Test Account $10,000.00
April 1, 2016	US NFP	215K	206K	245K -r	$4,826.68
	US ISM Man PMI	51.8	50.8	49.5	-$5,968.76
April 4, 2016	AUD Retail Sales m/m	0.0%	50.8%	49.5%	No Trade
April 5, 2016	AUD Interest Rate	2.00%	2.00%	2.00%	No Trade
	UK Services PMI	53.7	53.9	52.7	No Trade
	US ISM Non-Man PMI	54.5	54.1	53.4	No Trade
April 8, 2016	CAD Empl. Change	40.6K	10.4K	-2.3K	No Trade
April 11, 2016	Anonymous Trade				-$419.25
TOTAL					$22.24
May	New Test Account $10,000.00 +  New Trading Strategy Included
Week 1, May
May 3, 2016	Night Sniper/Morning Rise				$2,153.85
May 3, 2016	NZD Empl. Change	1.2%	0.6%	1.0% -r	-$775.28
May 4, 2016	US ADP Non-Farm	156K	205	194 -r	No Trade
	US ISM Non-Man PMI	56.7	54.9	54.5	No Trade
	Night Sniper/Morning Rise				-$4,563.93
May 5, 2016	Morning Rise/AUD Retail Sales	0.4%	0.3%	0.1% -r	$2,367.98
	UK Services PMI	52.3	53.6	53.7	$2,367.98
May 6, 2016	US NFP	160K	203K	208K -r	-$3,181.07
	CAD Empl. Change	-2.1K	0.2K	40.6K	$936.81
Week 2, May
May 10, 2016	Morning Rise				$1,492.04
May 11, 2016	Morning Rise				$378.01
May 12, 2016	Morning Rise				-$1,343.24 (OT).....
TOTAL					$5,964.99 (Bal).....

In News Trading Your Broker Matters A Lot. FXTradeCity Recommends HotForex Zero Spread Account (specially designed for news traders and scalpers). Give it a try. Click here for more info....HotForex Zero Spread Account 

Copyright: Image ID-100122522 courtesy of Renjith Krishnan / FreeDigitalPhotos.net