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. 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. For those that like to trade currency news, here are their main reasons:. As always, what is exciting to some traders will not be so for others.

So there are traders that will not trade the non farm payroll and here are some of their reasons for not doing so:. Nonfarm payrolls is an employment report released monthly, usually on the first Friday of every month. With this Non Farm Payroll news forex trading strategyyou really do not care which direction the forex market will go when the new is released.

Because what you are going to do is place two opposite pending orders on both sides to catch the price move in any direction it goes as soon as news is released. One of the big problems for forex traders trading the NFP is the price whipsaws. Price whipsaws can happen a few work from home jobs in dombivli without investment before the news is released, this may be due to traders taking effect of reverse stock split on price or exiting positions prior to the news being released and it can also happen a few seconds after the news is released.

FOREX trading - Devises, Or, Pétrole, Actions - Trading

Today is Friday 3rd Of June, therefore Non-farm employment change news will be released. Maybe a good time to practice this http: Menu Simple Forex Trading Strategies Price Action Trading Course Price Action Trading Strategies FX Trading Signals. Prev Article Next Article. Or if you have a live account, you may beg to differ?

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