Trader's Glossary

Non-Farm Payroll (NFP)

A key economic indicator of the U.S. economy that reports on changes in the number of employees. The report excludes farm workers and those employed by the government, non-profit organisations and private households.
Did you know?

Currency trading and exchange are no new practices. In fact, money-changing people can be traced back to the Biblical times. Using city-stalls, they would help others change money and take a commission or charge a fee for their services.

Word of the day
"Monetary Policy" - The strategy employed by each central bank in order to control the amount of money in the economy, as well as its overall value.
Pro Tip

pip value in quote currency = pip in decimal places X trade size

UP