Welcome to my review of the News Profiteer system. This system has helped my trade a lot. Once you know a little about the news, you get an advantage as many of the heavy weight traders with very large positions use the news.
After much searching the internet for reviews and testimonials about this system, I was hoping to find at least a few bad words about it. If you look at other forex trading systems on the internet such as. Some forex robots, you always get at least a few people talking it down. I found 1 bad comment about it and this looked pretty cliche. It said "don't bother – don't work don't believe everything you hear". Not really much detailed evidence to go on. And all the other reviews had been positive. So I took the plunge and coughed $ 197 to get the system.
What you actually get
In this day and age of confusing "long" sales letters that often leave people (well I sometimes anyway) frustrated because they do not get to the point, only continue with some kind of dream, I thought to the readers benefit I want to mention exactly what you get with the system, including everything else that is sold to you after you sign up. You get:
- An ebook of 113 pages in PDF format
- A free month of weekly outlook newsletters
- A daily email for what to expect in the forex markets, what news reports to trade and why
So is it worth it?
With any forex system, much depends on the user. It's not a cop – it's a fact. Talk to anyone who posts regular tips or trades and they will tell you that for exactly the same signal, stop loss and goals, people will get many different results. A few people will hit the target, some will save sooner, others will have come out at break-even, and others will have somehow made a loss, possibly by moving their stop too soon.
BUT – this system is really easy to implement and simple. I think this is an important point. In my experience, simple systems are the best. If you follow this system properly, I think you would have an 80% winning system. That's all you need to become a millionaire – a system that wins 80% of the time. You don't actually need it – just a system that is profitable and scalable.
The BIG point that attracted me to this system is that it gives you an advantage. There are various statistics being thrown around the internet about how many people fail to trade. Some say 95%, others say 90%. I don't know where these numbers come from, but after taking a few years and a lot of struggle to become profitable, I can well believe it's a high number. If you want to trade forex successfully, it must be run as a business. This means that you need some kind of advantage over all the millions of other traders all over the world who trade in forex. Not everyone can get rich – that's the truth, so the stock market and forex all behave in such a way that the majority will always lose and a minority wins.
Trade with the big dogs
We see all the huge movements that news generates. It's the big players who are moving these markets – how is it that they always join first? They have an advantage – knowledge of basic news and its effects – and so do you.
Think about it – how many dealers actually study and understand the news and how it will affect the market? Not many! Of course, many traders will look at an economic calendar, but most traders study the latest technical analysis indicator. Generally, most traders do not understand the news and how different releases will affect the market. In this business you must have an advantage over other traders. Am I right? Many of the big traders have said a similar thing, haven't they?
Henry Liu really gets into the basic news and how to understand it. He shows you this in the book in a really simple and easy way. This is backed up well by the daily emails that are sent out. One of the best points about this course and the daily emails is that you also learn how to do news shopping. You'll find out advanced basic analysis – which in my opinion is the missing link to forex trading. Can you trade the news at a profit? Yes!