Trading the Nonfarm Payrolls
The volatility that can follow the release can catch quite a few traders by surprise. A successful approach is rarely built around how fast you can enter the market but to wait to see how the market reacts to the release and to then make your trading decision. Sounds easy enough, unless of course you are new to trading and are not sure how this is done. This is one of the reasons that the analysts at DailyFX offer you the opportunity to experience the news release with them.
Trade the New Live Coverage is one of the most popular sections within DailyFX. A trading room is opened on all major news releases so the analyst and other participants can share their thoughts about the news release, the market's reaction and how a trader could approach the situation looking for a trading opportunity.
You can find this section by first clicking on the Economic Calendar button at the top of page.
You then click on the Trade the News button to get to this page.
There you will find an archive of past live events, a reminder box to an upcoming event and of course, the screen that will be used for live events. This is an opportunity to be with other traders and see first hand both the market's reaction to the news event and more importantly, how other traders see and react to the event. On Friday, April 2nd at about 815AM Eastern, the room will open for the most anticipated news release of the month. The US Department of Labor releases the Nonfarm Payrolls for March and everybody, in all financial markets in the world, will be watching. We hope you will join us for this event.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.