forex-101

Main

Forum

NFP + ISM Manufacturing Technical Strategy

Hi guys, Today we had two interesting reports from the US - the Non-farm payroll and ISM Manufacturing. We all know that NFP cause a lot of volatility and whipsaws ( see chart ). Today EUR/USD dropped to 1.3407 then shot up to 1.3459 - huge whipsaw. I decided not to trade the NFP, wait for

Non-farm Payroll Technical Trading Strategy

Hi, Today we had the most watched release in the forex world - the Non Farm Payroll. Instead of straddling or trying to get in just after 8:30 I decided to wait for the retracement and get in at the right moment. ( see chart ). From my experience of trading the NFP, the EUR/USD becomes very

Breakout Trading Strategy

Hi, I have found a strategy that is based on trading during the volatile period after major news releases - Breakout Trading Strategy . Has anyone tried something like that ? Or there is too much risk involved, since you have huge price swings after the release and false breakouts happen pretty

Avoiding Common Forex Mistakes

Hi, Every trader who is just starting to trade forex should read Common Forex Mistakes article. It explains some basic misconceptions that almost any new forex trader has about the FX market and how to avoid them. Happy trading, Mike