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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.
โNon-Farm Employment Changeโ 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.
โNon-Farm Employment Changeโ 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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โ๏ธ GBPUSD VIP Signal Today Hit TP4๐ฅ๐ฅ๐ฏโ350 PIPS ๐ต๐ฅ ๐๐
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โ๏ธToday Profits of our Account Management Service
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๐Forex Signals Team ๐
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As long as we think that trading is about analysis and the right style for trading, we cannot accept that we are making a mistake.
We are prejudiced against the idea
If we get a stop, we say that we were stop hunted and now it will come back
And this prejudice intensifies our feelings
For us, the loss means to throw our heads, to put us on the spot, and double the psychological pressure is created
Our focus should be on capital management
Stop losses before they get big
Maximizing profits as much as possible to the extent that you abuse the tools you have as much as possible
Our beliefs directly affect the way we feel
How can we believe that reducing losses is beneficial for us in the long run?
By doing it and seeing the results
If we can replace the old habits with the right ones, 90% of the way has been completedโโ
Contact admin for more information for more ๐
@KarenWilsonfx
We are prejudiced against the idea
If we get a stop, we say that we were stop hunted and now it will come back
And this prejudice intensifies our feelings
For us, the loss means to throw our heads, to put us on the spot, and double the psychological pressure is created
Our focus should be on capital management
Stop losses before they get big
Maximizing profits as much as possible to the extent that you abuse the tools you have as much as possible
Our beliefs directly affect the way we feel
How can we believe that reducing losses is beneficial for us in the long run?
By doing it and seeing the results
If we can replace the old habits with the right ones, 90% of the way has been completedโโ
Contact admin for more information for more ๐
@KarenWilsonfx
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โ๏ธToday Profits of our Account Management Service
๐Closed trades๐
๐Forex Signals Team ๐
๐Closed trades๐
๐Forex Signals Team ๐
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โ๏ธToday Profits of our Account Management Service
๐Closed trades๐
๐Forex Signals Team ๐
๐Closed trades๐
๐Forex Signals Team ๐
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"Everything around you that you call life was made up by people, that were not smarter than you, just that they are always willing to try.
๐กThe biggest Risk in life is not willing to give a try. You never know if, things will work out until you try.๐
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๐กThe biggest Risk in life is not willing to give a try. You never know if, things will work out until you try.๐
Earn 10x higher profits with VIP signals & learn how to become a professional trader
Account management๐
VIP Premium service ๐
For more information should contact admin๐
@KarenWilsonfx ๐ฎ