The U.S. Nonfarm Payroll is today! The once-a-month global scale economic indicator will be released today at 12:30GMT.
This is one of the best days of the month to trade in Forex because the impact that comes with the Nonfarm Payroll release will affect almost all currencies in the market especially USD pairs.
Why is it so good for Forex trader?
Strong market trend is expected to form. Easy to spot, and to trade with. The Nonfarm payroll is an important data for monitoring the economy growth of the United State. As the United State has the largest economy in the world, the decline and incline of its economy will have a significant impact on the market globally. And therefore, strong market trend is expected to form and easy to spot and to trade with.
How to trade Nonfarm payroll?
Use Simple Moving Average in 5 ~ 15 minutes charts. For detail of the strategy at: https://youtu.be/0Mc9-kkncQQ
Trading the Nonfarm payroll is easier than you might expected. All you might need to do is to enter the market after 12:30GMT, and look for market trends. Once market trends are spotted, go with the trend and wait for profit to roll in.
Do not miss this once-a-month chance at 12:30GMT! If you do have any question, feel free to come and talk with us!