Which economic news are dangerous for trading?

Hello,

maybe you could help me.

WHich economic news have a similar impact like the
Non-Farm Employment Change ?

I think they are not danger, but very whipsaw or volatile or whatever.

As long as we can put on the right position, we should not worried.

I like NFP release, there is a free pips on it
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RSI divergence guide

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Okay and do you know other events which produce similar volatility?

I have noticed interest rates and employment are the biggest movers. The price tends to get a bit sluggish before these announcements. US employment is the biggie, though. I have noticed prices locking up for days before this.

I think Forex Factory have got the calendar about right for impact ratings. I look out for any of the red ones. For example, retail sales can affect a currency if there is a substantial change.

That's my view. What do you think?

Yes US employment and interest rates are the one I am aware of.

It is always possible that other news could surprise the market; but that's it.

I think so news will have a harmfull impact related to budget, inflation rate, crr , cash reserve ratio rate, deposit rate and inflation or deflation rate and unemployment data ,etc. There are many economical news can make a impact on forex market.

ok
Have a happy trading

News impacts are short termed in markets.....the only important information is which way the country's money is flowing (depending upon the pair of your choice). No hedge fund or bank can change the order flow direction because of one contradictory news.....if the things change they change over time. So if you are long term trader there is no effect.

no matter the direction of the news, it price will always get back in the direction of the trend.

no matter the direction of the news, price will always get back in the direction of the trend.

for me it would be the non farm payroll and the interest rate statements of different countries

News are not dangerous ....trader can be dangerous....

You dont need to open new thread to ask such question...

Nowadays, market moves somehow wildly on Chairman's (Big Ben, Trichet..) speeches too...

They always do, thats why Greenspan used to make stupid (false - no effect) statements. But thats useful only for the scalpers and momentum traders.

All economic news is dangerous to any new or under funded trader. New and under funded traders are never prepared for entry during economic news and never know how to exit during economic news. Economic news can be very violent and spike like mad giving the impression, to new traders, of a trend they could enter on. While it's quite the opposite. Those spike are Institutional and professional traders playing off the weaknesses of inexperienced traders. So, you enter and the trend revereses and they win. It's all most Text Book in how the game is played.

There is some truth in what is said about economic news: Never trade it! If you are new to investing/trading/the market, you shouldn't trade the news. Get some trading experience under your belt before doing so, it will save you a lot of equity and headache.

Yeah, indeed....

maybe I should edit and cut my "nowadays" on last post... I can recall some of Greenspan lunatic speeches... scalpers hell...

Cheers!

the CAD Employment Change is another big mover..

Trading during news is not a good idea for new traders of course.
I've been doing it for about 3 years now as one of my trading methods but I wouldn't recommend it for most people.