How Can I Trade NFP Successfully?

[moonchild]

NFP also known as Money Farm Payroll it's a monthly report on some key economic metrics of the US, markets tends to be super volatile in those moments and you can trade the news by aligning your trading to the time of the release, what happens most times when the news is negative, there will be a massive down candle and a massive up candle for the reverse.

How can you trade NFP successfully? You have to pay attention to the sentimental around the news, dig up financial news papers and read experts opinion on the news release and form your opinions.

As I always preached, practice good risk management because you can be wrong and due to high volatility you might incur some large losses.

 

[Massimo]

Get a bargepole.

Disinfect it.

Use it to keep away from scams.

By far the best way to profit from crypto is to be the person who makes them out of thin air and sells them to fools for hard money.

 

[FXOchartist]

Trading based on NFP news could be interesting, but also risky because market volatility becomes very high, traders may try to implement a trading strategy with buy stops and sell stops before the news release, but the risk is still there when traders are not focused on determining the exit point.