3 Strategies for Trading News (NFP)
Talking Points:
Trading news is dangerous as wild and erratic price movements can extend against the trader
Traders need to be vigilant with risk management, looking to capitalize when on the right side of the move
We share three different types of strategies for trading during news
The big day is here, and the Non-Farm Payrolls report that much of the world has been waiting for will finally be unveiled tomorrow morning at 8:30AM in New York.
News announcements of this nature can take on a life of their own with the amount of interest they receive. But its important to note the danger and risks of trading on such events. Nobody in the world has any idea the way that NFP will print and even if they did, there is no way of knowing exactly the way that the market will price that data.