Mar 06 2009
The First friday of the month!—Non farm payroll day..Trading forex?
Its first friday of the month —and as usual we have The NFP coming out today
Non farm payroll day has always been a day of question in every traders mind
Most decide to stay away from markets on this day and increase 1 more day to there weekend free time…
There are other who trade exclusively NFP –they are so called news traders who play with large position causing volatility during NFP in market and most newbies who are not aware of this get wiped away in this ..
Most Technical traders prefer to call it day off as they have plenty of time to study the charts over weekend and do not bother risking there money for the news.
I advice new traders to stay away from trading during NFP or better to trade on demo to understand the impact of NFP while trading!







































Interesting information provided. You have given this post a lot of thought and care, which is so rare these days. Many people just throw stuff together, just to get something onto the internet, so it is good to see that some people still care. Thanks.
Barry
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