Learn to Trade NFP with PTI LIVE- 150 Pips Target

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NFP Trading Live News Blog

• Platinum Trading Institute

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NFP Trading Live News Blog

• Friday is one of the most important days in a
  month for the market traders, economists, and
  data professionals. It gets them the most
  important highlights of the month and for this,
  the day is famous as NFP day.
• Lets know about some of the highlights of NFP
  Forex.

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Key economic indicator of United States

• Forex trading depends a lot on it as it is the
  key economic indicator for the United States.
• It represents the number of paid workers in the
  states and farm and government employees, and
  private household and non-profit organization
  employees deducted from the total figure of paid
  employees.

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Higher payroll indicates a robust economy

• As new additions in the job market help to make
  the economy robust, it makes consumers spend more
  money that again leads to growth.
• Thus, the new additions would help the currencies
  gain strength and be profitable in the forex
  trading.

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A payroll figure in the report gets mixed
reactions in the NFP Forex market

• When an expected change takes place in payroll
  figure, it brings a mixed reaction in the
  currency markets.
• Forex investors watching the expected change in
  the NFP report would divert their attention to
  other sub-components and item to gain knowledge
  about the situation prevailing in the market.

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The NFP report could help in creating a strategy
for trading

• The NFP report affects almost all the currencies
  in the market. But the most favorite currency in
  the market has always stayed GBP/USD.
• The NFP report could help in crafting a strategy
  as it enables the traders in digesting importance
  of the information presented in the report.
• As the forex market stays open throughout the
  day, all the traders could access the latest
  piece of news from the report and do trading
  accordingly. 

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Thank you.