A perfect and rare once-a-month chance to trade forex today – America Nonfarm Payrolls (NFP)
“I Know News Will Affect the Market, Is There Any Particular News I Should Pay Attention To?”
America Nonfarm Payrolls is one of the most popular economy news traders around the world would love to trade with. As for today, the NFP report is releasing at 12:30GMT! You will need to wait for another month if you miss it today.
It is pretty straight forward. The Nonfarm payrolls (NFP) measures the number of jobs added in the United State. It is a key indicator for traders to get an insight into the health of the US economy. A decrease on number indicates a decline on the US economy, and an increase on the number indicates an incline on the US economy.
And since the US is the biggest economy in the world, and result of the NFP will ultimately affects the whole forex market. And therefore we have been saying this is a once a month chance for forex traders.
How to trade the NFP in Forex?
Way to trade the NFP is very simple. Open up the chart after NFP today at 12:30GMT. Take a look at the following currency pairs:
EUR/USD, AUD/USD, GBP/USD, USD/JPY and USD/CHF
Use 5 minutes chart and insert multiple Moving Averages there. Once there is a trend spotted, ride on with the trend and enter the market. Close the order when the trend is about to finish. The result of this simple strategy during the NFP might surprise you.
Find out more about the strategy here: https://youtu.be/pHzeConpBpM
Again. The NFP is at 12:30GMT today. Don’t miss this once a month chance!