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.
”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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Here you will find Account Management , Free VIP Signals , Educational materials for all trader levels, Fundamental Knowledge
Keep following to trade like the Bank
Good Luck
✔️✔️ACCOUNT MANAGEMENT/TRADING BASE SCHEME 🤑
🔥Results today 🔥
👍Closed trades👌
🏆Forex Signals Team 🏆 🏆 🏆
🔥Results today 🔥
👍Closed trades👌
🏆Forex Signals Team 🏆 🏆 🏆
❗️IMPORTANT RULE❗️ 🚨 For any Order you should use 2 % from your account , some traders can't calculate it !!!!!!
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
https://www.babypips.com/tools/position-size-calculator
🚨Remember that Money Management and Risk Management are Forex Holly Grail
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
https://www.babypips.com/tools/position-size-calculator
🚨Remember that Money Management and Risk Management are Forex Holly Grail
Babypips.com
Position Size Calculator - Babypips.com
The position size calculator helps forex traders find the approximate amount of currency units to buy or sell to control your maximum risk per position.
🥇 Forex Signals 🥇
📆 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
💠 Take Profit 5 : 2278
✖️Stop Loss ➡️ 2338 (80 PIPS)
🔔Use Risk Management
🏆Forex Signals 🏆
📆 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
💠 Take Profit 5 : 2278
✖️Stop Loss ➡️ 2338 (80 PIPS)
🔔Use Risk Management
🏆Forex Signals 🏆
Bitstamp
🥇 Forex Signals 🥇 📆 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 💠 Take Profit 5 : 2278 ✖️Stop Loss ➡️ 2338 (80 PIPS)…
✔️GOLD VIP Signal Today Hit TP1💥🎯 ➕50 PIPS 🔥💵😎 Close half order and move SL to break-even if u r conservative trader or u have small account
🥇 Forex Signals 🥇
📆 Signal Published ::::::: 6/5/2024
✅ Symbol ::::::: GBPNZD
📈BUY AREA ➡️ 2.0880
💠 Take Profit 1 : 2.0920
💠 Take Profit 2 : 2.0975
💠 Take Profit 3 : 2.1070
💠 Take Profit 4 : 2.1160
💠 Take Profit 3 : 2.1255
✖️Stop Loss ➡️ 2.0820 (60PIPS)
🔔Use Risk Management
🏆Forex Signals 🏆
📆 Signal Published ::::::: 6/5/2024
✅ Symbol ::::::: GBPNZD
📈BUY AREA ➡️ 2.0880
💠 Take Profit 1 : 2.0920
💠 Take Profit 2 : 2.0975
💠 Take Profit 3 : 2.1070
💠 Take Profit 4 : 2.1160
💠 Take Profit 3 : 2.1255
✖️Stop Loss ➡️ 2.0820 (60PIPS)
🔔Use Risk Management
🏆Forex Signals 🏆
✔️GBPNZD VIP Signal Today Hit TP1💥🎯 ➕40 PIPS 🔥💵😎 Close half order and move SL to break-even if u r conservative trader or u have small account
Now we need to ask you some questions to know your levels on forex market so we can know where to start helping you
☑️How long have you been trading on forex market?
☑️How much profits did you earn so far?
☑️What's your problem you need to fix up on forex market?
☑️How long have you been trading on forex market?
☑️How much profits did you earn so far?
☑️What's your problem you need to fix up on forex market?
Market summary:
1. Hamas agrees to a draft ceasefire agreement that includes a complete Israeli withdrawal from Gaza, but it is far from Israel's demands
2. Israel has conducted operations in many areas in Rafah
3. Fed President Richmond Barkin: The full impact of rising interest rates is not yet fully realized
4. Kremlin: The tactical nuclear weapons exercise is a response to the West's announcement of sending troops to Ukraine. France denies sending troops to Ukraine.
1. Hamas agrees to a draft ceasefire agreement that includes a complete Israeli withdrawal from Gaza, but it is far from Israel's demands
2. Israel has conducted operations in many areas in Rafah
3. Fed President Richmond Barkin: The full impact of rising interest rates is not yet fully realized
4. Kremlin: The tactical nuclear weapons exercise is a response to the West's announcement of sending troops to Ukraine. France denies sending troops to Ukraine.
✔️GOLD VIP Signal Today Hit TP2💥🎯 ➕170 PIPS 🔥💵😎 Close half order and move SL to break-even if u r conservative trader or u have small account