Is trading NFP risky?

Excuse me, could you please elaborate on the risks associated with trading Non-Farm Payrolls (NFP)? I understand that it's a highly anticipated economic indicator that often triggers significant market movements, but I'm curious about the potential downsides for investors. Are there specific risks to be aware of, such as volatility spikes or sudden market reversals? How can traders mitigate these risks and still capitalize on the opportunities presented by NFP data?