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NFP Trading August with Consistency | Platinum Trading Institute

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Title: NFP Trading August with Consistency | Platinum Trading Institute


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 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.

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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