Thomson Reuters - IFRMarkets question

[StockyGuy]

Okay so on Oanda I see one gets free Thomson Reuters - IFRMarkets feed. Is there any objective info on how profitable (or otherwise) the trading recommendations tend to be? Anyone use it much and have any feedback?

If one watched it like a hawk 8 hours a day and followed all recommendations on the major pairs would one be consistently profitable? You would think one would be, but if so why don' t more people use it exclusively?? (Cos after all you only need consistent small profits that ouweigh losses and you'll eventually be rich.) I guess maybe cos Thomson Reuters - IFRMarkets seem to have a more "swing" philosophy - if thats the right term - they seem to be holds of several days on average? Their recommendations are not for scalping (so all the get-rich-quickers wouldn't be interested) and def not long term.

Also is their a specific leverage and stop loss that is assumed in all recommendations? Would the fairly conservative formula of 10:1 leverage and 2% stop loss per position work with Thomson Reuters - IFRMarkets recommendations? Or are the different Thomson Reuters - IFRMarkets analysts all doing something different in this regard?

 

[Rhody Trader]

Once upon a time, there were running P&Ls on the IFR Markets (IFRM) "trading pages". The organization is a Registered Investment Adviser with the SEC, though, so that public posting had to be discontinued to comply RIA rules.

You are correct that the IFRM trade calls are generally swing time frame oriented. There are no assumptions by way of position sizing or risk management. And you are also correct that each different analyst involved has her or his own style.

What you need to realize, however, is that these trades are not really meant to be taken literally. Their target audience is institutional. No institutional trader is going to follow an outside signal service. If they did they wouldn't have a job for very long. The IFRM "trades" are really just ideas and biases (and a notation of key technical levels) to give the reader something to think about from a perspective other than their own - a third party perspective not colored by positions, business relationships, etc.

 

[StockyGuy]

Excellent. Thanks, Rhody Trader.

 

[Hirose Financial UK]

Okay so on Oanda I see one gets free Thomson Reuters - IFRMarkets feed. Is there any objective info on how profitable (or otherwise) the trading recommendations tend to be? Anyone use it much and have any feedback?

StockyGuy - there are too many variable out there for recommendations to be consistently profitable. Threads where they post actual trades may work, but again, longevity is not on their side. Good luck.

 

[forker]

their analysis is usually total b0llox too with references to patterns