U.S. Nonfarm payroll - How to trade the news?
The investors expect consolidation trading in the European session today till 13:30 GMT. In this first Friday of the month is expecting the key U.S. Nonfarm Payrolls reports. For the government sector is expecting report at about 190K compare with 151K a month ago. For the private sector the report is expecting at 180K compare with 158K a month ago.
World-Signals.com expects positive news for U.S. Nonfarm payrolls. The market already generated the positive news as reports below 190K may cause negative reactions and sell of dollars.
It is not expecting changes in Unemployment rate at 4.9% the same as the prior month.
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I have seen, some traders try to avoid news trading but I don?t know why? Because, I seem news trading is the most profitable way of trading. You can make double your capital by doing news trading if you know the policies of news trading. Besides, I get instant news trading service through economic calendar of TradingBanks broker. So, I am ready to trade in any news of Forex business.
In my view our first priority needs to be making sure that we have a broker which allow us, it is not easy to work on News with unknown brokers, as often they have set extremely hard conditions which never allow us to work well. I trade with Vinson Financials, it is a lovely company with having no restrictions on any technique whether it’s scalping, hedging, news trading or even EA, this is why they are so highly rated and one of the best if anyone is doing news trading especially with having 1 pips fixed spread.
Yes you right, trade in news can make our capitals become double but how many percent our position right on market??Originally Posted by Sohrab Rustom
Its the key if we want to success in news trading. I've try trade in news , its really horrible for me.
Yes you right, trade in news can make our capitals become double but how many percent our position right on market??
Its the key if we want to success in news trading. I've try trade in news , its really horrible for me.
A good Forex broker is the major need of every good Forex trader. Because to trade effectively a trader need support from the good broker who will give all types of facilities. I am trading with Forex4you broker because they have secured trading funds and always protect their clients fund from different bank hackers. They fulfill all their customers’ requirements and give service for 24/7. I never have seen this type of supportive broker.
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