How should trade NFP
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Thread: How should trade NFP

  1. #1
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    How should trade NFP

    How many of you wait for the monthly NFP report which publish by USA by the first week of every month on Friday! , NFP is a econimcal factor which make difference about 100s of pips within few minutes and many traders just wait for it to catch the pips .
    So i want to ask you that what's strategy you use for NFP coming , BTW i do wait for few hours and always take position in opposite direction

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  2. #2
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    Well I don't have a particular strategy for trading the the NFP because I have always belives that news trading is basically speculations,ill rather wait until after the results are published then ill consider the right position to take.

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  3. #3
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    Every trader who trades in forex trading business have their own plainings and methods of trading, i have no experience of trade NFP because i do not invest some thing or do not take a risk in forex trading business, i concider all those money enough for that that i have earn on my hard work

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  4. #4
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    NFP trading is more risky while we have to face huge loss if SL are not given in the trade. Recently I faced huge loss through NFP trading and now I am very conscious about NFP news. I am planning to handle further NFP news with proper cautious and for that I have also plan to both the Sell limit and Buy limit with 15 pips and SL at the current price.

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  5. #5
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    Non farm payrol is very important fundamental news i not like to do trade at the time of news specially on Non Farm Payroll data I like to close my all position before any strong news if anybody want to do trade on non farm payroll then always use strict stop loss in the market

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  6. #6
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    I do not prefer scalping as scalping is more risky that short/long trade. I am trading with short-term and day trading with proper TP and SL now. Success of both the scalping and day trading depends on our good trading skill and experience. But I cannot discourage to those scalper who are getting better benefit through scalping.

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  7. #7
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    in general i do not trade during news especially news of USA as in many cases it comes against the expected value and this affect on the movement of the market, and i start to trade when the sudden effect of the news disappear and the market start to have a clear direction after news release, as the market is not stable during news release and so i wait for the proper time to trade.

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