How to Trade the Non-Farm Payroll and Clean Up!

Let me tell you something simple. If you can catch the wave of a non-farm payroll release, you can make a lot of money quickly.

If fact you know it's a gold mine, because the brokers don't like you doing it. I guarantee you, if the average broker doesn't like you doing something, then you're doing something right.

So, that said, it's still dangerous. If you get on the wrong side, you'll get hammered. So how do you trade the NFP report?

Simple. Just simplicity itself. You wait for a bit after the release to let the whipsaws work themselves out of the market.

After they've worked themselves out, you enter.

Okay, it's granted that not all fx brokers will let you do this. You will need to hunt around for one who will let you.

So, if the price is racing up, and has been for the past 3 to 5 minutes, enter a long order. Exit on weakness. In other words, when the price looks like it's going to come back down and collapse, then exit.

You trade only on strength.

Now, what if you enter and the price immediately goes against you?

Don't give the price more than 17 pips against you. At the 17 pip loss point, exit. You'll make so much more than that on winning trades that the risk/reward ratio is well in your favor.

Don't worry about that.

If the price has only gone up several pips (like say 9 or so) and then comes back down, just exit at entry.
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