moonchild
VIP Contributor
Trading NFP is a skill on its own, a little backstory here about NFP, it is a monthly news that occurs on the first Friday of every month where the US government release the unemployment rates and depending on the sentiment of the news the market might go up or down, traders capitalize on this move and make money.
In this article we'll be learning about how to trade the NFP, you can anticipateit NY logging to ForexFactory and check the news section, on the first Friday of every month they'll list it and give you a time it's expected to be released.
To trade NFP, look at the trend and the market structure and position to trade in that direction, use a tight stop loss because slippage occur on news releases so you'd have to be careful, also get ready to close your trade immediately the news is released to avoid retracement eating up your profits.
In this article we'll be learning about how to trade the NFP, you can anticipateit NY logging to ForexFactory and check the news section, on the first Friday of every month they'll list it and give you a time it's expected to be released.
To trade NFP, look at the trend and the market structure and position to trade in that direction, use a tight stop loss because slippage occur on news releases so you'd have to be careful, also get ready to close your trade immediately the news is released to avoid retracement eating up your profits.
