Apr 02 2009
Non Farm Payroll tomorrow! Advice …
Here arrives the first week of the month . As usual the most important thing in first week of each month is first friday -The Non Farm Payroll day .As I have previously said newbies should avoid trading during the first week of the month.The market moves on anticipation of the NonFarm Payroll outcome . Most of the times newbies do not understand this and get fooled by the move . If they want to trade then they must trade till wednesday and avoid the thursday and friday of the first week .Non Farm Payroll is quite a major news and when it comes out ,it tends to move market heavily over the period of time. Usually within few minutes of its getting out market nearly moves a few hundred pips . When i was newbie I was not even knowing there is Non Farm Payroll and it moves market so heavily.This happened many times while I was trading so I tried to find the reason for such massive moves at that particular time and found out Non Farm Payroll and then the fundamentals. Then I saved the fundamental calendar with alarms set 1 day previous to news as well as a calendar pop up at the beginning of every week.So for those new , stay away and study the moves!Fundamentals can shatter your technical trades if you dont know the exact timing of the news .







































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