What is #NFP? The nonfarm payroll (NFP) report is a key economic indicator for the United States. The nonfarm payroll report consistently causes one of the largest rate movements of any news announcement in the foreign exchange (forex) market. As a result, many analysts, traders, funds, investors, and speculators anticipate the NFP number and the impact that it will have on #forex.
When you are trading NFP, volatility is going to be present and you need to know what you are going to do before you are going to do it. In this video Shain Vernier, our market analyst will show you a way to trade the NFP using a simple #scalpingstrategy.
0:00 - Intro
0:15 - What is NFP?
1:13 - Simple scalping strategy
5:40 - Outro
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
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