Trading on Nonfarm Payrolls for July 7, 2017

Trading on Nonfarm Payrolls for July 7, 2017

On July 7, 2 important events came out: The volume of production in the manufacturing industry (MoM) (May) and of course everyone is so expected: Change in the number of people employed in the non-agricultural sector (June) (HFP).

CAD indicators were also released: Employment change (June), but since at the same time as Non-Farm, therefore, attention was paid to NFP.

Trading on UK news

Before Non-Farm Payrolls, several deals were opened on news from the UK:

As you can see in the calendar, the main news was reinforced by several other less significant ones with the same negative actual values, which was the reason for such a sharp movement.

Transactions were opened on this platform at the very last moment with a small rollback:

Out of 5 transactions, 1 closed with a loss, the remaining 4 with a plus, net profit amounted to: +184$

Trading on NFP

The change in the number of people employed in the non-agricultural sector was accompanied by several other small events, on which different data came out, as a result of which a spike formed.

But the decision to buy options was still made, and in principle, it turned out not bad at all.

In total, 2100$ were invested, 3 of them were in the red, the remaining 13 were in the black.

Total net profit on trades was 807$ + 184$ from the first one = 991$

Why is it recommended for beginners to try news trading?

  • Firstly, important news does not come out so often, so there is time for rest and for making an important decision;
  • Secondly, the entire trading process takes no more than 15 minutes. Why 15 if we set the expiration to 5 minutes? Takes time to cook before and after going out news options buy in addition as the price moves;
  • Thirdly, the trading rules are simple and clear: the data came out positive - OPTION UP, negative - OPTION DOWN;
  • Fourthly, 100$ may be enough to start if, for example, open an account with FinMax or 200$ if you open an account with 24option.

Attention! 24option has stopped trading binary options, it is recommended to move to a more reliable trading platform FinMax!

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