NFP Trading August with Consistency | Platinum Trading Institute

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FOREX TRADING

• NFP Trading August with Consistency

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NFP Trading August with Consistency

• A question haunts every trader on the first
  Friday of the month
• How can I trade Non-Farm Payroll (NFP) with
  confidence and consistency?
• Sharing some information about NFP Trading and
  how to trade the upcoming event.

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What is Non-Farm Payroll?

• The NFP is released by the US Department of
  Labour. The report is usually published on the
  first Friday of every month. The data in the
  report is an indicator of the employment
  situation in the US. It measures the change in
  the number of newly employed people in the US,
  excluding workers in the farming industry.
• A number which is higher than the market forecast
  is considered Bullish for the US
  Dollar and lower than the forecast is Bearish.

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NFP Trading Event

• The release of NFP trading report is a trading
  event that can move the currency pairs such as
  the Euro (EUR/USD) up to 100 pips in a minute.
• If you are new to Forex, you need to understand
  that the release of the NFP Trading report every
  month is a market moving event.
• The Progress of the US Economy is measured by 12
  major fundamental events and the NFP trading is a
  leading indicator that measures the job creation
  aspect of the economy.
• The NFP report provides information about the
  change in the number of employed people during
  the previous month, excluding the farming
  industry. Job creation is an important leading
  indicator of consumer spending, which accounts
  for a majority of overall economic activity.

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Points to be noted when trading during NFP days

• Be careful of being in trades an hour before and
  after NFP.
• Trade the 2nd level zones and trade the range
  prior to 1200.
• Do not trade USD/CHF on NFP days.
• To trade the news event, trade 4th buying or
  selling zones on the actual news event with a 25
  pip stop loss and 30 pips take profit.
• Trading on NFP days is a VERY high risk and many
  traders get chopped up trying to call the turn.
• Do not worry too much if you take the trade or
  dont take the trade, there will be plenty more
  coming our way.

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Thank you.

• If you are a new trader and would like to learn
  how to trade, then sign up today to our 2-day
  free Foundation to Forex Trading Course.