How To Trade Forex During NFP Release (Scalping Strategy)

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.

** Our team of coaches will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not HowToTrade and should be ignored.

[StumoCeo]

This guy explained fundemantals so simple thanks you

[fireandiceaircon]

That's great, I'm new in trading, I'll love to get more lessons.

[panjianshiun]

please don't ignore slippage during major events, if the market gone crazy, the stop loss might not save your account

[tomjungen]

When it comes to scalping Shain is the KING. An excellent market analyist that is stright to the point no B.S. and keeps things simple that work! Thanks Shain

[tomasbakos]

Great video. Thank you Shain, You are always very helpful. See you in the room

[ogenefewalterthanksbetogod]

Good morning i like this but I need more information about this trade because i just invited for my first time

[oladiranpheranmi]

I need a more explanation on NFP trading pls

[enapaderanga]

I am planning to find another source of income in forex exchange that's why I am searching here how to do andthe safest of money

[houseoftone]

I like the strategy on the NFP very useful, would it be an idea to hedge bet the NFP so you are covered if the dollar goes long or short?

[dennisnani]

Greate lesson dude.
I wanna trade forex arbitrage; triangular, statistical, etc.
I trust you can help me out.

[bonginkosimalangenidlamini]

Do buy stops and sell stops work in NFP….I have never traded this before

[sylvesterbanibia]

I am new to this, but I have been following the videos, how can you help me to start trading?

[omonyfrancisakena]

Am taken by the fact that you're a scalper, just know am on you every single now and then

[charleshines]

Couln't understand that entry point and wasn't sure whether it was buy or sell. You said a 'long' entry -which means a buy. I wasn't clear in that case why you thought the trade would go up ? Maybe mark a line of entry and a SL and a TP? we can then folow the speed of your verbal output visually. Otherwise I liked the positive approach to a volatile problem !

[AnthonysTradingChannel]

Yes nfp is great if you know how to trade it. Love your videos.

[basithmuhammed]

Hi, Iam basith from India . Will you help me to a good trader ?