## Why NFP is dangerous
NFP is the US nonfarm payrolls report. It moves USD, gold, Treasury yields and equity indices. The danger is not only direction. At release, liquidity can thin, spreads can widen, slippage can increase and stops may fill worse than expected.
## How to read the data
Do not look only at payroll growth. Check unemployment rate, wage growth, participation rate and revisions. Strong jobs with weak wages can create mixed market reaction. Prepare two scenarios before the event.
## Three approaches
Conservative traders avoid the 15 minutes around release. Intermediate traders wait for the first wave and trade the retest. High-risk traders use dual stop orders, but must accept slippage and fakeouts.
## Risk rules
Cut size on NFP day, never cancel the stop and never average down. News trading is not about predicting the number; it is about surviving extreme volatility.
