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How To Trade Non-Farm Payroll | Platinum Trading Institute

How To Trade Non-Farm Payroll Profitably using Non-Farm Payroll trading Strategy. Visit our site: www.platinumtradinginstitute.com/

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How To Trade Non-Farm Payroll | Platinum Trading Institute

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  1. FOREX TRADING How To Trade Non-Farm Payroll

  2. 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.

  3. 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.

  4. 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 13:30 and 13:45. The trade is invalid after this time. • You must be there live to take the trade on a 4th trading zone.

  5. 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 12:00. • 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 don’t take the trade, there will be plenty more coming our way.

  6. 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.

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