How To Trade Non-Farm Payroll | Platinum Trading Institute

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FOREX TRADING

• How To Trade Non-Farm Payroll

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What is Non-Farm Payroll News Release?

• The Non-Farm Payroll is released by the US
  Department of Labour.
• The Non-Farm Payroll report is usually published
  on the first Friday of every month.
• The data in the Non-Farm Payroll 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.

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Why is Non-Farm Payroll a trading event?

• The release of Non-Farm Payroll 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 Non-Farm Payroll reports
  every month is a market moving event. The
  Progress of the US Economy is measured by 12
  major fundamental events and the Non-Farm payroll
  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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How to Trade Non-Farm Payroll using the Platinum
Trading System

• Always keep the Institutional News feed open.
• Make sure you have your eyes on the clock.
• As soon as the news event comes out there will be
  a spike. The objective is simple Go long or
  short in the 4th buying or selling zone of the
  day with 20 pips stop loss. We are looking for 30
  pips reversal from this with a 20 pip stop loss.
• Regardless of the result of the trade, this will
  be the only trade on the system for NFP.
• Never do revenge trading.
• Time for the trade to be taken is between 1330
  and 1345. The trade is invalid after this time.
• You must be there live to take the trade on a
  4th trading zone.

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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 Non-Farm Payroll 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.