Trading nfp strategy
Today, I would like to share with you some information about NFP and how to trade the upcoming event. The NFP is released by the US Department of Strategy. The report is usually published on the first Friday 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. Time of the event: The release of Non-Farm Payroll report is a trading event that can move the currency pairs such as the Euro up to pips in a minute. If you are new to Forex, you need to understand that the release of the Non-Farm Payroll report every month is a market moving event. The Progress of the US Economy is measured by 12 nfp fundamental events and the Non-Farm payroll is a leading indicator that measures the job creation facet 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. Most traders are waiting for the event this week. The Dollar has been taking some punishment over the last one week and this could be the turning point for it moving forward. Platinum members look forward to trading the Euro in the 4th buy or sell zone on NFP and for stop hunts and trend reversals with 20 pip stop losses. Per the report released in December for the month of November, the Non-Farm Employment Change jumped to K, edging above the estimate of K. For the December report that was released in January, the number dropped to K while it was estimated at K. In December, the NFP came out at k against an expected k which was pretty disappointing for markets. This month Platinum Analysts expect that with the robust markets and soaring investment sentiment, the NFP will beat the forecasts of the markets of k. During the previous month, we also saw a sharp gain in the average wages and we expect to see a continuation. The expected number for January in the NFP report to be released this Friday is K. Always keep an eye on the market news and feeds in order to trade the event with proficiency. At Platinum, we educate all individuals from different walks of life to become a full-time trader or create a secondary revenue stream. Get detailed information on:. Last but not least, as usual, here are links to videos for most recent trades of the week:. We make no promise or guarantee of income or earnings. Use your best judgment. Always seek competent advice from professionals in nfp matters. If you break the city or other local laws, we will not be held liable for any damages you incur. Receive cutting-edge insights that can help you become a trading profitable trader. Let's enhance or develop a roadmap customized to guide You on Your journey of becoming a consistently profitable trader. Strategies Forex Blog Trading Videos Trading Television Courses Forex Foundation Programme Forex Masters Programme Elite Trader Programme Fund Management Programme About Us Our History and Philosophy Contact Us Request a Consultation. Trading the Non-Farm Payroll event You are here: Trading the Non-Farm Payroll event. What is Non-Farm Payroll? Non-Farm Payroll Date and Time Time of the event: Why is NFP a trading event? Market sentiments Fundamentals is a big part of trading and sentiment is built on market trends. This will be the first report of the yearso trade with caution. How to trade the Euro on NFP The expected number for January in the NFP report to be released this Friday is K. Let me explain what this means: How to trade the Yen on NFP The expected number is k. The Platinum News Trading Strategy How to Trade the Strategy using the Trading 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 pip 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 The trade is invalid after this time. You must be there live to take the trade on trading zone 4. Points to be noted when trading during NFP days: Be careful of being in trades an hour strategy and after NFP. Trade the 2nd level zones and trade the range prior to To trade the news event, trade 4th buying or selling zones on the actual news event with a 20 pip stop loss and 20 pips take profit. Trading on NFP days is a VERY high risk and many traders get chopped up trying to call the turn. Learn to trade the NFP event. Enhance or develop a roadmap customized to guide You on Your journey of becoming a consistently profitable trader. We will suggest two top trades for you in the coming weeks and show you how to trade upcoming referendums this year. Get detailed information on: Trading the European Elections. Trading the Gold Run. Trading nfp Canadian Recession and a pip move. Last but not least, as usual, here are links to videos for most recent trades of the week: Trading Patel Live from the Platinum Trading Floor. Sign up to get our latest Trades. 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