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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.
βNon-Farm Employment Changeβ 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.
βNon-Farm Employment Changeβ 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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Learn what are Non-farm Payrolls
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Spoiler alert:
Are you going to experience a day when you doubt yourself whether you are really suitable for this job or not?
Do you think that I should start another business because I only lost from the trade that didn't make a profit?
Go into the sea, don't say all the words you heard, they were right
Experience the feeling of inadequacy
These days are important days
The days that all traders experience, even the best trader in the world experiences these days
But what is needed in this day is understanding that this version of yourself that was the cause of this day is not worth trading.
You should use this day as a sign to change and not as a reason to settle down
A change that most of us know what it is, but we cannot act on it
So this day, you should give us a hatred towards the version that was the cause of this day
This hatred should be tattooed on your brain to the extent that we will feel sick and run away from repeating this day
Our perception should be exactly like the experience of touching hot coals, so that burning once will make us not to repeat itββ.
Are you going to experience a day when you doubt yourself whether you are really suitable for this job or not?
Do you think that I should start another business because I only lost from the trade that didn't make a profit?
Go into the sea, don't say all the words you heard, they were right
Experience the feeling of inadequacy
These days are important days
The days that all traders experience, even the best trader in the world experiences these days
But what is needed in this day is understanding that this version of yourself that was the cause of this day is not worth trading.
You should use this day as a sign to change and not as a reason to settle down
A change that most of us know what it is, but we cannot act on it
So this day, you should give us a hatred towards the version that was the cause of this day
This hatred should be tattooed on your brain to the extent that we will feel sick and run away from repeating this day
Our perception should be exactly like the experience of touching hot coals, so that burning once will make us not to repeat itββ.
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Forex Signals wishing great profitable Week for all Traders
Good Luck βοΈ
Good Luck βοΈ
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π₯ Forex Signals π₯
π Signal Published ::::::: 4/11/2024
β Symbol ::::::: USDJPY
πBUY AREA β‘οΈ 151.70
π Take Profit 1 : 152.20
π Take Profit 2 : 152.75
π Take Profit 3 : 153.65
π Take Profit 4 : 154.80
π Take Profit 5 : 157.30
βοΈStop Loss β‘οΈ 151.10 (60 PIPS)
πUse Risk Management
πForex Signals π
π Signal Published ::::::: 4/11/2024
β Symbol ::::::: USDJPY
πBUY AREA β‘οΈ 151.70
π Take Profit 1 : 152.20
π Take Profit 2 : 152.75
π Take Profit 3 : 153.65
π Take Profit 4 : 154.80
π Take Profit 5 : 157.30
βοΈStop Loss β‘οΈ 151.10 (60 PIPS)
πUse Risk Management
πForex Signals π
βοΈFor any signal use maximum 2% from your account , market will never hurt you
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π₯ Forex Signals π₯
π Signal Published ::::::: 4/11/2024
β Symbol ::::::: USDCHF
π BUY AREA β‘οΈ 0.8630
π Take Profit 1 : 0.8665
π Take Profit 2 : 0.8710
π Take Profit 3 : 0.8790
π Take Profit 4 : 0.8875
βοΈStop Loss β‘οΈ 0.8570 (60 PIPS)
πUse Risk Management
πForex Signals π
π Signal Published ::::::: 4/11/2024
β Symbol ::::::: USDCHF
π BUY AREA β‘οΈ 0.8630
π Take Profit 1 : 0.8665
π Take Profit 2 : 0.8710
π Take Profit 3 : 0.8790
π Take Profit 4 : 0.8875
βοΈStop Loss β‘οΈ 0.8570 (60 PIPS)
πUse Risk Management
πForex Signals π