NFP – Non-Farm Payrolls – Why You Should Trade It
- May 10, 2023
- 2 min read
Updated: May 11, 2023
Written by: Sam Onigbanjo, Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise.
NFP data announcements create volatility in the capital markets, which in turn gives the opportunity for traders to orchestrate the direction in which trends may go. This movement is what traders (You and I) need for profitability either in a buy or sell trade. So, if your goal is profitability then you need to know how to read and Interpret NFP and super importantly how to trade the NFP announcement monthly.
During the week of May 1st to 5th 2023 (Last week) my trading jumped community on this and took incredible action. I mean traders were making 90% profit in a week! I hope I have your attention now!
How do you trade the NFP (non-Farm Payrolls)
The NFP (Non-Farm Payrolls) is data released every month by the US Department of Labor, which presents the number of new jobs created during the previous month, in all non-agricultural businesses, within the United States. Published every first Friday of each month, the report discloses the increase or decrease in jobs in the United States compared to the previous month. It is a key indicator of the health and viability of the world's largest economy the US economy.
So why should you trade NFP?
This is a no-brainer: the US is the biggest economy in the world, and the NFP report gives invaluable insight into the current state of that economy. Essentially, the report shows how US businesses are performing, which can give an indication of where the Federal Reserve might take interest rates in the near future. So, if you are somewhere in Europe or Africa or Asia it means this report comes out for most of you somewhere around 1:30 PM, meaning you should have done a lot of your days activities and still be in time to trade this juicy news! Open a trading account and get a free lesson here.
I can write more on this topic but Im going live at Thursday 25th May 7.30PM BST to talk about this and share how anyone can get involved in leveraging this monthly opportunity that is worth billions of dollars.
Click here to register and learn how to trade NFP from your home.
I’ll Invite some of my traders, perhaps the ones that delivered 90% profit (from my community) so you can hear from them.
See you on Thursday!
Sam Onigbanjo, Executive Contributor Brainz Magazine
Sam Onigbanjo, is a leading coaching voice in helping people develop the skills and confidence to trade the capital markets and get a grip on their financial life. He is a seasoned public speaker and storyteller, this really helps him communicate skills in a less daunting manner to his audience. As a man he shares his struggle to financial Independence and why he knows it means so much to people to be in control of their own time and what impact it makes on spending time with loved ones and fulfilling life long dreams. Sam is the CEO of Capital Markets Academy and trains people from all over the world online and in person.
