The Non Farm Payroll News Forex Trading Strategy is a currency news trading strategy you can use to trade the Non farm payroll data.
The are many new forex traders that don’t know what a non-farm payroll is. In here, I will give a brief run down of what a non farm payroll is and give you a system to trade the non farm payroll.
INTRODUCTION: WHAT IS THE NON-FARM PAYROLL (NFP)
The Non Farm Payroll , or NFP is one of the biggest currency news that is released every month.
When is the non-farm payroll news released? On The first Friday of Each month.
All you need to know now is that the non farm payroll reports shows the current state (how good or bad) of the US economy.
So…if the US economy is good, the value of US dollar goes up, if not, it goes down (or Euro rises up…if you are trading EURUSD).
WHY TRADE THE NON FARM PAYROLL?
There are those traders that don’t like trading news and there are those that like to trade currency news. For those that like to trade currency news, here are their main reasons:
The are many new forex traders that don’t know what a non-farm payroll is. In here, I will give a brief run down of what a non farm payroll is and give you a system to trade the non farm payroll.
INTRODUCTION: WHAT IS THE NON-FARM PAYROLL (NFP)
The Non Farm Payroll , or NFP is one of the biggest currency news that is released every month.
When is the non-farm payroll news released? On The first Friday of Each month.
All you need to know now is that the non farm payroll reports shows the current state (how good or bad) of the US economy.
So…if the US economy is good, the value of US dollar goes up, if not, it goes down (or Euro rises up…if you are trading EURUSD).
WHY TRADE THE NON FARM PAYROLL?
There are those traders that don’t like trading news and there are those that like to trade currency news. For those that like to trade currency news, here are their main reasons:
- trading the non farm payroll news can be really profitable, the thing is, you’ve got to get the direction right.
- you make profits in matters of seconds and minutes and they are huge profits. In a matter of few minutes, price can move from anything 40-200 pips. On ordinary days, you’d average 40-70 pips move in a day compared to the price move due to the release of the non farm payroll news.
