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NFP Trading August with Consistency | Platinum Trading Institute

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NFP Trading August with Consistency | Platinum Trading Institute

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  1. FOREX TRADING NFP Trading August with Consistency

  2. 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.

  3. 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.

  4. 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.

  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 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 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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