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The Non Farm Payroll is the most significant data in the US, usually published on the first Friday of each month at 8:30 am EST. It is a major economic indicator that measures the employment situation on the USA. A strong non farm payroll number means a solid, growing and abundant economy. On the other side, a weak number is a synonym of slowing economy. It is always compared with the previous month data (added or losing jobs except the farm industry). The FOMC based their monetary policies decisions on the results of NFP Reports. In the Forex market the NFP is a great volatility maker not only in the Forex market but also in stocks and bonds.
Many traders are lured into trading the news because you can make profits, fast. In a matter of minutes, you can make a few hundred (or even thousands) of dollars. But what you don’t realize is the market is rigged against you. Why? You Get Stopped Out Easily! Now during big news release (like NFP), the spread widens a lot. This means you’ll get stopped out of your trades even on a small pullback. The Price Movement Is Brutal The price movement during NFP is manipulated such that whether you buy breakouts or short breakdowns — you still lose money. So… How do you put the odds back in your favour? How do you profit while others get killed? How do you level the playing field? You must go against the herd and do the opposite of what most traders do. In the following video you can learn a NFP Trading Strategy. |
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