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Forex psychology?

It is possible to trade forex based on news and indicator? I want to trade forex by the information by news of either buy or sell, and then I analyze by using 9 indicator. If 5 signal sell, 4 signal buy I would buy. Can I make profit, regardless high and low? Sorry, it is I will sell if the 5 indicators signal sell, 4 signal buy, not buy as I had mistakenly written above.

Public Comments

1. News trading can be tough especially if the broker widens the spreads.I will wait till the markets settle down after news and stay with the trend.
2. Hi, I am a day trader and often try to derive profit from the disparity in currency rates at various points of time. People who try to make some huge profit can incurr loss using this techniques but if we try to capture small pips then its a winning strategy. News trading is quite risky buy i am enjoying it. For accurate and reliable market tips and daily updates Finexo is the best. Since then my dealer is providing me with the most accurate tips, market updates and charts so that i can make optimum use of these. It has fetched me 99% of returns on my investment. One of the fund Manager of FINEXO suggested me to try news trading once when i was looking up for high returns. Surprisingly i made huge pips in just 1 hour and thats how i became a news trader. Anyways the basic requirements for successful day trading are: 1. Excellent Command on Technical charts. 2. Look beyond what common man does. 3. Foresightedness 4. Be Different. 5. Good Source of market news and technical charts 6. Ability to draw conclusions from market updates. If you have these you can very easily succeed here. I am using Finexo charts and updates which are quite accurate and reliable for me. If you have other sources it would be an added advantage.
3. Yes, news can tell you about the long term trend and also make changes to the short term trend. Once you know the trend then you use the indicators to tell you when to buy and sell. Just make sure you are going in the direction of the trend.