What happens around a release
Around payrolls or a rate decision, it is not only the size of the move that changes. The conditions you trade on change too.
Spreads widen
Liquidity thins ahead of the release and spreads widen — 1.3 pips can become several. Entry timing alone changes your cost.
Fills move away from your price
When price gaps, the fill sits away from the order. That applies to stop orders as well as entries.
A stop can be jumped
If price leaps past your stop level, the close happens beyond it. This is why a loss can exceed the figure you planned for.
Three choices
Close before the release, hold with a smaller size, or stand aside and enter afterwards. The point is to pick one in advance, having checked the time of the release.
This column is provided for information only and is not a recommendation of any trade or method. Trading decisions are your own responsibility.
Getting started is simple
Opening an account is free and the application is completed online in 3 to 5 minutes.
Foreign exchange trading carries the risk of losing your invested capital, and higher leverage increases that risk. Please consider the risks carefully and trade only within a range of loss you can bear.
Past performance neither indicates nor guarantees future results.
This website is not directed at residents of Japan. AXIA PHOENIX FINE PROJECT does not provide services to residents of certain jurisdictions, including the United States, Afghanistan, Belarus, Burma, the Central African Republic, Congo, Cuba, Egypt, Guinea, Iraq, Iran, Lebanon, Libya, Mauritius, North Korea, Pakistan, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.