NFP (first Friday) - very volatile?
Hi Felix and all.
I am a forex beginner here in news trade.
I just want to have help from expert especially Mr Felix here who has any experience trading GBP/USD or GBP/JPY when NFP news on the first Friday of every month was announced?
Is it true that it is very volatile, whereby the effect is, once the news is announced, the graph can go both ways in just 1 second? For example, I saw that the graph for GBP/JPY on the last NFP news, the graph went up for 30pips in just quarter a second, then, immediately went down for 130pips down from the highest peak.
Does Felix or anyone here has any record or save any graph for several months to see the performance of the NFP (for GBP/USD and GBP/JPY) ? If it is very volatile, it is not safe to trade on this incoming news ?
Thanks in advance.
Arie