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Trading the Nonfarm Payroll (NFP)

Trading the Nonfarm Payroll (NFP)

The nonfarm payroll or NFP is an economic news item which comes out once a month in the US and details the number of jobs added or lost in the economy over the month. This is always a big event and in most cases, massive movements in all markets are seen when it is released. You can read more about the nonfarm payroll through the Wikipedia entry here: http://en.wikipedia.org/wiki/Nonfarm_payrolls I'm going talk about trading the nonfarm payrolls.... don't do it! In my experience I've found t

December 2, 2011 No Comments Full Story

My Simple and Profitable Betfair Strategy

My Simple and Profitable Betfair Strategy

I was out all day today and don't like to trade the financial markets if I don't have my charts in front of me. However, I do like to look at Betfair when I'm on the road using my iPhone. There's a wonderful app called iBetMate which you can find here: http://www.ibetmate.co.uk/ Anyway, I was thinking about what would be good to bet on and below is how I did. Four bets and four wins. Each bet stake was £10 so in total £40 on the table but I made almost a 50% return on my money. The system I

November 30, 2011 1 Comment Full Story

The One thing that is Certain in Financial Trading…

The One thing that is Certain in Financial Trading...

The one thing that is certain in financial trading is LOSS. There are no way that you can avoid this and you have to learn to work with losses with your trading. Newbie traders move from system to system looking for the 'Holy Grail', that's the trading system that yields no loss and unfortunately, that's not possible. What you need to do is to find and work with a system where the wins completely outweigh the losses. That doesn't mean that you physically need to have more winning trade

November 29, 2011 No Comments Full Story

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