Forex Non Farm Payrolls (NFP) & News Trading Strategy
You would be making a BIG MISTAKE if you’re trying to trade the release of Forex Non Farm Payrolls (NFP) or other major Forex News announcements. This lesson is very important, unless you enjoy losing money. Sorry to burst your bubble, but Forex Non Farm Payrolls (NFP) & News Trading is an outright scam.
What is Non Farm Payrolls (NFP)? The truth is it doesn’t even matter what Non Farm Payrolls really is. It’s just Volatile News that gets released at 8:30am New York Time, usually on the first Friday of every month. What does matter is that it’s an ENORMOUS payday for Market Makers, because they make a lot of money from inexperienced traders.
The data that gets released does not matter. Don’t waste your time monitoring the data of Non Farm Payrolls or any Forex News for the matter. Just know what day and time these major news events are going to happen, so you can avoid the manipulation that takes place.
Governments, Central Banks and Market Makers control currency prices. The data that gets released for Non Farm Payrolls and other Forex News does not matter. Price moves to wherever Governments, Central Banks and Market Makers choose to move it to, regardless of the forecasted and actual data that gets released.
If the actual NFP data conflicts with the Market Maker direction, that’s even better for them! What you see in that situation is a massive spike in the unintended direction, taking 99% of traders out, followed by a reversal to the intended and predetermined direction of the Market Makers. The data does not matter. Price was going to go, where it was supposed to go by the entities that control the Forex market.
Market Makers disguise their manipulation with Non Farm Payrolls and other major Forex News events. This is how they make their money. They steer traders in one direction only to reverse in the exact opposite direction. And they use Forex News such as Non Farm Payrolls to disguise their “bread and butter” trade: Fake the direction of price in one way, getting 99% of retail traders placing orders in the wrong direction, only to reverse in the exact opposite direction.
Guess who wins every time with NFP? Market Makers!
In addition to Non Farm Payrolls, never trade the following major Forex News:
– Interest Rate Announcements
– Presidential Elections
Don’t think you’re smarter than the people who control the Forex Market. These 2 events are very similar to NFP, and are prone to even more volatility than Non Farm Payrolls. People have lost more than their initial investment. People have lost their life savings on these announcements. Always protect your capital. Make good trading decisions. Don’t gamble your money. Trade your money professionally and wisely.
Our advice… Never trade during the immediate release of the actual news data. Always wait at least 30 minutes after the release of Non Farm Payrolls (NFP) or other major Forex News. For example, if you’re in a trade prior to NFP, make sure to close it out. Wait 30 minutes to 1 hour for the volatility to die down, identify any potential setups, and then enter after the release of NFP if there is a good trading opportunity.
Like we said before and we’ll say again – the data that gets released does not matter. Don’t waste your time monitoring the data of Non Farm Payrolls or any Forex News. Just know what day and time these major news events are going to happen, so you can avoid the manipulation that takes place.
Instead of losing your money on these special days, start to learn the Market Maker Reversal Strategy on Non Farm Payrolls and other major Forex News. If you want to become a successful Forex Trader, then you have to know how Market Makers think, otherwise you’ll never win at their game.