Welcome to my review of the News Profiteer system. This system has helped my trading a lot. Once you know a bit about the news you gain an advantage, as many of the heavy weight traders with very large positions use the news.
After much searching on the internet for reviews and testimonials of 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, like some forex robots for example, you invariably get at least a few people talking it down. I found 1 bad comment about it, and this looked pretty clichéd. It said “don’t bother – doesn’t work, don’t believe everything you hear”. Not really much detail of evidence to go on. And all other reviews had been positive. So I took the plunge and coughed up the $197 to get the system.
What You Actually Get
In this day and age of confusing “long” sales letters that often leave people (well me sometimes anyway) frustrated because they don’t get to the point, only go on about some sort of dream, I thought for the readers benefit I would list exactly what you get with the system, including anything else that is sold to you after you have signed up. You get:
- A 113 page eBook in PDF format
- A free month of weekly outlook newsletters
- A daily email for what to expect in the forex markets, which news reports to trade and why
So Is It Worth It?
With any forex system, a lot depends on the user. That’s not a cop out – it’s a fact. Talk to anyone who sends out regular tips or trades, and they will tell you that for exactly same signal, stop loss and target, people will get many different outcomes. A few people will hit the target, some will bail out before, others will have got out at break-even, and others will somehow have taken a loss, possibly by moving their stops too early. Heavy News
BUT – this system is really easy to implement and simple. I believe this is an important point. In my experience it’s the simple systems that are the best. If you properly follow this system, I believe 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 that – just a system that is profitable and that you can scale up.
The BIG point that attracted me to this system is that it gives you an advantage. There are various statistics thrown around the internet on how many people fail at trading. Some say 95%, some say 90%. I don’t know where these figures come from, but having taken a few years and a lot of struggle to become profitable, I can well believe it is a high figure. If you want to trade forex successfully, it has to be run as a business. That means you need some kind of advantage over all the millions of other traders around the world trading forex. Not everyone can become 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 will win.
Trade With The Big Dogs
We all see the huge moves that news generates. It’s the big players who move these markets – how is it that they are always in first? They have an advantage – knowledge of fundamental news and its effects – and this gives that to you as well.
Think about it – how many traders study and actually understand the news and how it will affect the market? Not many! Sure, many traders will look at an economic calendar, but most traders are studying the latest technical analysis indicator. Generally most traders don’t understand the news and how different releases will impact the market. In this business you need to have an edge over other traders. Am I right? Many of the great traders have said a similar thing haven’t they?