"Volatility of NFP tomorrow" Join HotForex's live commentary and prepare!
Live NFP commentary with Stuart from HotForex.
Notice
This Post has ended its release period. Please check HotForex's latest information and campaign on HotForex's company introduction page.
HotForex - What's now?
We are no longer promoting HotForex. The information regarding to HotForex on the website '' maybe outdated. ref. HotForex
Tomorrow, Friday January 6th is Non-Farm Payroll (NFP) day and it could prove to be very interesting for both institution and retail investors.
Last month’s 178,000 new jobs was the first statistic after the US election and the final one before the FOMC rate increase.
Job numbers and wage growth remain solidly in focus for any future interest rate rises.
The median forecast of economists polled by Reuters is for the NFP to rise by 175,000.
HotForex will keep you updated via their analysis page and his Facebook page with some live commentary on the results and market action, so join them tomorrow from around 13:30 pm GMT!
How to prepare for expected High Volatility?
In these years, you can almost expect when a “high volatility” in market prices come and how.
You may need to refer to the schedules of upcoming economic events to expect for future events.
As Economic/Political events and natural disasters are the main factors that moves the market prices, these information should give you more ideas to make profits during investing in Forex.
Let us take this opportunity to show you how to get through “high volatility” in market prices.
You might know when a high volatility is coming, but not know how to react to that.
And here is how.
- Trade with smaller volume
Trading with smaller volume than usual will reduce risks of slippage and order rejection. Especially during a high volatility moment in a market, the liquidity in the market tends to be low.
You may be able to make sure that your trades are executed at the desired market price by doing this.
- No Hedging
Hedging your open positions, will reduce required margin. But it may not be a good idea during high volatility because the spreads can get wide and the required margin can also increase.
It is even possible that your trading account goes “liquidation” due to this situation change.
- Not trading at all
It is a good strategy to not trade when there is high volatility in the market prices.
Especially, if you are trading by following a certain strategy for daily trading, the market situation maybe much different due to high volatility.
Sometimes, you may just want to get back and monitor the market only.
