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-   -   Trading the NFP (https://www.forexlasers.com/forums/news-trading/30-trading-nfp.html)

kinnkia 14-02-2009 11:58

Trading the NFP
 
I'm wondering if anyone has any methods that help in trading the NFP.

When I usually trade the news, I set limit orders above and below the current price, and do pretty well, but during Non Farm Payroll, the whipsaws give me a heartattack.

Does anyone trade the NFP, and if so, ummm, how???

okeydokey 16-02-2009 21:48

You would do well to not even think about trading the NFP my friend.

pippynews 27-02-2009 08:53

Quote:

Originally Posted by okeydokey (Post 217)
You would do well to not even think about trading the NFP my friend.

Call me crazy, but it IS actually possible.

usbajonas 05-03-2009 17:52

NFP
 
Jump on the second 15 min candle with a tight stop. Works well

KajolThappar 24-09-2010 06:56

forex trading and last night I saw the dollar surge against the euro. By my...In the case of this morning's NFP release, the niumber came

trevoradams75 11-10-2010 13:22

lose weight
 
hello i am new hear what can i do ?

trevoradams75 11-10-2010 13:27

lose weight
 
hello.
there are any one

trevoradams75 11-10-2010 13:30

Lose weight
 
no one are here?

trevoradams75 11-10-2010 13:33

the
 
anai anma anaja

trevoradams75 11-10-2010 13:38

hello
 
where are you guyes?

ortan 04-11-2010 17:53

Trading the NFP
 
You guys should be aware that most brokers shift to manual execution during news volatility.

It is pretty obvious that such important news as NFP create a lot of havoc in the market with prices spiking, retracing, re-spiking and so forth...

there is no broker that could possibly guarantee fills under news.

Looking at the 5min chart, you probably must have tried to close your position around 8.38am, 8 minutes after NFP release.

THIS IS PRETTY WEIRD. there is no way the market is still that volatile 8 minutes after news release.

call them up and ask them what went wrong and why did that happen.


_______________________________

winnie84 11-11-2010 06:20

Does NFP mean: net financial profit? I just hear about it the first time at this thread.

KajolThappar 28-11-2010 19:12

forex trading and last night I saw the dollar surge against the euro. By my...In the case of this morning's NFP release, the niumber came

Korman 21-12-2010 16:30

Trading the NFP is difficult (not the part to catch the move) but to get the trade placed. Brokers are fighting hard against news traders.

davidthornton 05-05-2011 05:43

I tried to trade NFP, during the first few tries I doubled my funds but I loss my gains in the succeeding trades. I think it is very risky to trade the NFP...

Craigfx 13-12-2011 09:17

Re: Trading the NFP
 
Quote:

Originally Posted by kinnkia (Post 206)
I'm wondering if anyone has any methods that help in trading the NFP.

When I usually trade the news, I set limit orders above and below the current price, and do pretty well, but during Non Farm Payroll, the whipsaws give me a heartattack.

Does anyone trade the NFP, and if so, ummm, how???

it does not matter if it is the NFP or any kind of important news- trading during high impact events is completely gambling. The reason is that the markets gets too jumpy and changes its direction several times, so you might have predict the right direction but the market already shook you out. Be careful of these kinds of games. Good Luck

DiF0r 20-12-2011 17:50

Re: Trading the NFP
 
I have once tried to trade the NFP and it went wrong, badly wrong lol. I've lost a big % of my account.

talha 07-01-2012 18:35

Know forex
 
Do more comments.

Davidfx 09-01-2012 14:10

Re: Trading the NFP
 
Quote:

Originally Posted by kinnkia (Post 206)
I'm wondering if anyone has any methods that help in trading the NFP.

When I usually trade the news, I set limit orders above and below the current price, and do pretty well, but during Non Farm Payroll, the whipsaws give me a heartattack.

Does anyone trade the NFP, and if so, ummm, how???

Basically, the strategy that you use is appropriate for trading while news. The problem with such significant news such as the NFP is that the spreads might get extremely widen. Then what happens? Both of your orders are auctioned by the broker and your lose is double. Remember that the spreads are always against you…

PapiaKhatunAsha 27-12-2017 18:47

Re: Trading the NFP
 
You got to be VERY selective when it comes to news trading. I love trading on NFP, but I am always very careful. As I know how much the difference it could make if we are not careful with how we approach things. It’s pretty easy and straight forward for me under FreshForex. They got simple and straight forward TOS; it allows me to work in my own way.

dangtrader 10-07-2018 11:50

Re: Trading the NFP
 
Quote:

Originally Posted by PapiaKhatunAsha (Post 41086)
You got to be VERY selective when it comes to news trading. I love trading on NFP, but I am always very careful. As I know how much the difference it could make if we are not careful with how we approach things. It’s pretty easy and straight forward for me under FreshForex. They got simple and straight forward TOS; it allows me to work in my own way.

What's the average spread you get when trading on NFP? I trade with fixed spread on Hotforex and find it much comfortable than floating spread which can exceed several pips during heavy lack of liquidity

mlawson71 11-07-2020 16:50

Re: Trading the NFP
 
I recommend learning proper risk management before attempting to trade the news, especially the NFP.

dangtrader 31-08-2020 03:09

Re: Trading the NFP
 
Quote:

Originally Posted by mlawson71 (Post 56252)
I recommend learning proper risk management before attempting to trade the news, especially the NFP.

Proper risk management is much more complicated than described in this article. I think it the most challenging part of trading because many traders fail to understand the concept of risk, i.e. quantifiable future uncertainty.


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