How To Trade Non Farm Payroll.

[moonchild]

Non farm payroll is an employment report that is released monthly by the US government and due to the volatility of the NFP, the markets go crazy for a while before retracing, these is a perfect opportunity for fundamental traders to make huge amounts of money.

The higher the projections from the NFP reports the more confidence investors get in investing more money into the US dollar, that's why when the report is positive you'll have a long bullish spike on pairs that have usd as their base, in other words if the news are negative, there will be a long bearish candle which means the market movers are removing their money from the markets.

To Trade the NFP, you have to go to the lower time frames, like the 5 to 15 minutes, it is good to note that, nothing is done after the first bar in the morning(checkout your local time for sync) then you wait it out, after that the price will be ranging, then look out for an inside bar that didn't go out of the first bar, if it closes bearish, put a 30 pips stop and enter, likewise for bullish, if you keep getting stopped out on your intended direction, please get out completely.

 

[Asahi]

Only a few traders are in profit in forex just because they know how the market moves. To capture the market movement, a trader needs to earn knack in market analysis. Eurotrader provides traders with all technical tools so traders can easily analyze the market.

 

[Suba]

The effect of the NFP will be very large on the USD exchange rate, so it is advised not to open or place orders before the NFP is released and this will create a new episode, because all the analysis you have previously made is useless.

When the NFP is released keep an eye on the major currency pairs that pair the USD such as GBP/USD, EUR/USD and USD/JPY.

Don't rush stay patient while monitoring the market and getting new information until you can follow the trend. In general the first 30 minutes after the release will be
the period of greatest volatility and impact occurred for 2 hours.
Market conditions will always change, so you need to always monitor technical indicators