So yesterday was non farm payroll day. Now some traders say you should not trade on a Friday as apparently, it’s too unpredictable. Some other traders say you should not trade on a Monday as it’s also too unpredictable. So that leaves you with just 3 days in which to trade.
First off let me tell you that Fridays and Mondays are some of the best days to trade if you know what you are doing, so don’t be afraid to trade on those days.
Now back to non farm payroll. As you know NFP is released on a Friday. Now NFP is generally the most volatile day for trading in the whole month and many traders do not trade NFP as it is far too dangerous. I on the other hand love NFP day as it gives me the opportunity to make lots of money.
As you can see by the trading statement below NFP yesterday was a good day for me with 44 winning trades. For a total profit of £2841. I have a few open positions on the account that are down just over £500, but I can close those out next week for a profit. If I had closed them yesterday I would still have walked away with over £2300 profit. Not bad for 1 day of trading.
I don’t generally take as many trades as this but I just wanted to show you that trading NFP should not be a day to avoid if you know how to trade. In fairness, if you look at the statement you will see that some of the trades were opened on the 1st but closed on the 2nd for profit.
The trades on the statement above were taken primarily using my number 1 scalping strategy along with my professional understanding of how the market works. If you would like to learn how to trade like this please check out my forex scalping course.
Thanks for visiting my site and have a great day.
