Today Economic Calendar GMT
High volatility expected on USD pairs

Non-Farm Employment Change is the actual change in the number of employed people in USA, during the previous month, including the governmental employments, but excluding the farming industry. That is why it is a strong and important news and it shows a very strong impact on the currency market.


”Non-Farm Employment Change” is important for Forex traders, because it makes the market move, and so, Forex traders can take the advantage of the movements to make some money.

Employment is a very important factor reflecting the situation of the economy of a country.

When the number of employed people in a country goes up, it means the economy and industries are doing good and people get hired by the government
and private companies. It means the economy will grow and the country will have a good future. Therefore, people of such a country, as well as the people of the other countries will show more tendency to invest in the country, because they believe their investments will be ended to profit.

To invest in this country, they will have to buy the currency of the country against the other currencies, and so, the value of the currency of the country will go up, because any commodity which is bought more against the other commodities will become more expensive.

When the number of employed people in a country goes down, people of that country and also the other countries will show less tendency to invest in the country, and those who have already invested will get out of the markets. For example, if they have bought properties in that country, they will think that as the economy of the country is not doing good anymore, the price of their properties will go down and they will lose money.

Therefore, they will sell their properties and take their money out of that country. Many of them will sell the money against the other currencies because they want to invest their money in the other countries that are doing good. Selling a commodity against the other commodities will cause the price of that commodity to go down. Therefore, if the employment of a country goes down, usually the value of its currency will go down too.

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Today Economic Calendar GMT
Medium volatility expected on CHF pairs
Banks Holiday in England

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Ex : If your account is 1000 $ * 2% = 20 $
so , if SL hitted you will not lose more than 20 $
whatever SL 50 pips or 100 pips , your loss can't be more than 20$

🚨To do that you should adjust position size (Lot size)
use online lot size calculator ,it will help you much
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🚨Remember that Money Management and Risk Management are Forex Holly Grail

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📆 Signal Published ::::::: 6/5/2024

✅ Symbol ::::::: GOLD

📈SELL AREA ➡️ 2330

💠 Take Profit 1 : 2325
💠 Take Profit 2 : 2316
💠 Take Profit 3 : 2307
💠 Take Profit 4 : 2291
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✖️Stop Loss ➡️ 2338 (80 PIPS)

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GOLD

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