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NFP Non-Farm Payroll: Learn How To Trade NFP
NFP Non-Farm Payroll: Learn How To Trade NFP
NON-FARM PAYROLL
The currency pairs mostly directly affected by NFP release are the major
currencies that are traded against USD:
• EURUSD
• GBPUSD
• NZDUSD
• AUDUSD
• USDCAD
• USDCHF
• USDJPY
• GOLD
These currency pairs are where you will see the purest reactive
response from the NFP release and where the best opportunities arise for
trading NFP.
STRATEGY
-Every single time with NFP on GOLD and EURUD
-Wait for NFP to act
-Then when you see that is starting to reject
take the trade in the opposite direction of the release
-Meaning that NFP is a sell, you take a buy and gain on rejection
-This strategy makes you gain on rejection of NFP because is always
rejecting
-This strategy is 99% accurate
RISK MANAGEMENT
Risk Management is one of the most important topics you will ever read
about in trading. why is it important? well, business of making money, and
in order to make money we have to learn how to manage risk (Potential
Losses)
Ironically, this is the most overlooked areas in trading. Many forex traders
are just anxious to get right into trading with no regard to their total
account size.
They simply determine how much they can stomach to lose in single trade
and hit the trade button. There’s a term for this type of investing…. it’s
called
GAMBLING
When you are trading without risk management rules, you are
GAMBLING.
You are not looking for long term return on your investment. Instead,
you are looking for jackpot’. Risk Management rules will not protect you,
but can make you very profitable in the long run.
Finals words
So what’s next?
Contact
MPHO RAMOCHELA TREVOR