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FMTrader understands Job Creation Reports - YouTube
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hello everybody oh this is jay goldman
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head analyst / FM trader and today I got
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a special video lined up for you guys
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and it's on one subject and this is it
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non-farm payrolls everybody non-farm
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payrolls first of all what are they
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nonfarm payrolls it's a special it's a
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report that is released every month by
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the US department of labor which tells
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us how many new jobs were created in the
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previous month okay when are they
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nonfarm payrolls occur every first
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friday of each month okay now why are
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they important for me uh they are
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important for a few reasons first of all
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the non-farm payrolls measures how many
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new jobs were created now employment is
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them and job creation is the number one
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important factor in any economy any
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healthy economy sustain itself needs to
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produce a certain amount of job certain
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number of jobs and if it can't do that
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that means something is wrong okay so
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you know so this is very very important
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a very important data that comes out
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every month last question the most
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important one in my eyes how can i make
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money from this okay now since this
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report is so influential it makes the
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market the react very very violently
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very strong movements can occur from
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this and that's perfect for binary
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options trading because we can really
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take advantage of this to make some very
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very profitable trades okay i'm going to
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show you a couple of slides on with a
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couple of different assets and show you
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how they react to this particular
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announcement okay so first of all we got
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here we got gold okay Gold is a very
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good asset to trade on a non farm
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payroll so this is the one this is from
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the the august numbers okay and we saw
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the august numbers here we have the day
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forecast which was 180 four thousand new
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jobs and the actual was only one hundred
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and sixty-two thousand new jobs okay
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meaning that it was a week report
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they're not not enough jobs created
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it according to expectations okay so
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what happened to gold gold rose thirty
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dollars per ounce in the next hour after
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it was released okay so obviously you
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see the great potential here in a very
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very strong trait all right look I mean
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this is not a movement that we see
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happen you know every day very very
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strong movement okay let's move on to a
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different let's move on to the usdchf
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USD against the swiss franc again same
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time frame and if be august now we see
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we saw you just spiked in gold here we
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see a youth drop-in the dollar okay the
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dollar gives a chfa you drop at the same
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time frame okay this movement happened
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like I said this is an hour chart so
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again you see a couple of hours very
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very big movement okay you want more
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here's more another asset eur/usd okay
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and again a very strong movement on the
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euro USD ok you're ok now here the
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dollar weakens so the euro goes up
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against the dollar okay so here we see
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week report equals dollar down a little
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arrow here ok now let's conclude what we
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have seen alright so as you can see
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there you know great opportunities to
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make extremely profitable trades on this
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event ok we line up a few trades and we
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you know we can safely assume according
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to the results or where the numbers come
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out that will know what to do with these
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results okay now FM trader specializes
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in trading the NFP mean my broker's have
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been trading the NFP for years now so we
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know really what to expect and what to
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do when we have the results okay now the
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next upcoming NFP the closest one is
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actually this friday and the fourth of
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october meaning in about 45 days from
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now okay now we're looking for you know
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some traders to join us we already you
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know we are waiting for you guys to come
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in and trade with us okay so if you do
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think that you want to you know take
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part in this and get off to a great
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start make some really nice profits
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you know two or three great grades and
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very strong trades don't miss out come
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trade the trade with us okay it's this
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friday okay get in touch with our
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support department that support at FM
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trigger calm or if you have a broker or
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get in touch of your broker and he'll
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tell you what you need to do in order to
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go ahead and become and trade this great
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event with us okay guys so I hope to see
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you guys all on Friday till then take
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care bye bye
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