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Non-Farm Payroll Tomorrow

Posted on 04. Mar, 2010 by Jakob.

Tomorrow is the first Friday of the month and Non-Farm payroll numbers will come out; the supernova of forex trading. Trading the Non-Farm Payroll can be very lucrative or it can blow up your account within a couple of seconds if you don’t know what you are dealing with. In the last couple of month I have had some very good entries, trading this event. As always, there are a couple of webinars that will take you through this event, and try to explain the reasoning behind the moves in the market, in real time. Although I have not received any email about it yet, I expect that Wayne McDonell will host a webinar. I have not attended his webinars but I have seen some recaps on YouTube, and they are rather good. Currensee and Alex Kazmarck will also host a webinar, limited to total of 100 people. You have to be a member of Currensee to join the webinar with Alex Kazmarck, and I think you need to be a member of FxStreet to join Wayne. However becoming a member is free. If this is your first time trading the Non-Farm Payroll, I highly recommend you follow someone who has been trading it before. You can also join me in my chat room, as I expect to take a trade shortly after release.

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