News trading – or trading based on the release of important financial or economic data – has been a mainstay of Forex trading since the very beginnings of the market and many of the most successful traders today still utilize the technique. Usually based on breakout trades set up as a position consolidates ahead of a major news release, the technique is well established but takes some time to learn. Using alternative and minor news sources to anticipate the new release’s contents has long been a well established practice, but again it takes quite sometime to learn what information to trade on and how to do so properly.
This is where the new Oracle Trading System comes into play. Devised in large part by Dustin Pass – CEO of ForexTradersDaily.com and a well known fund manager with years of experience and a rich track record – the Oracle trading System is designed to help people become effective news traders based on the experience that Dustin has accumulated over the years. The underlying strategy is to trade on the deviation between the estimates issued by analysts and the actual figures in the news release, which means timing is the key feature as opposed to other news trading systems that are based more on tracking down alternative and subsidiary news sources to anticipate major announcements. While the basic fundamentals of the system could be worked out by anyone over time, the advantage of the Oracle Trading System is that it takes the accumulated experience of one of the market’s best known traders and gives it to you.
The Oracle Trading System is not labour intensive and usually only generates between three and four large trades per month, which the system determines and makes on your behalf. Yet, despite this functionality, the Oracle Trading System is not a trading bot (or “expert advisor”); but instead operates through a subscription service so that new information and variable can be added directly by Dustin Pass and his associates as needed to keep the system current. Further, as a subscriber to the system, the user also gets access to the “Profit Center” which is a live online trade room featuring Dustin Pass in person, explaining what is happening and how to take advantage of it as well as providing new information.
The mechanics of the Oracle Trading System is unique, but it offers a brilliant opportunity for people to become effective news traders while avoiding the years of trail and error that this process usually requires. Further, Dustin Pass is an established figure and his trading history and track record is there for anyone to see. If you have been considering new trading, or have simply been looking for a trading system that does not require too much of your time, the Oracle Trading System should certainly be among those you take a look at.
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