Do you follow the NFP Report? Most Forex Traders do because this monthly report usually sends the Forex market into a massive chaotic whirlwind.
While the NFP report can be the cause of stress, for those who have a good sense of prediction, they can make Forex trades just before the NFP report comes out, and they reap great profits.
What Is The NFP Report?
For those of you who are not familiar with the NFP Report, it stands for the Non-Farm Payroll Report. It shows the total number of paid workers in the United States without including
- farm employees
- government employees
- private home employees
- and nonprofit employees
The NFP causes one of the consistently largest rate movements of any news announcement in the Forex market. As a result, many traders anticipate the NFP number and the directional movement it will cause.
Think about it, payroll figures play a huge roll in the United States economy.
So, What Is The NFP Machine?
The United Kingdom based broker Tickmill developed a cool contest called the NFP Machine where you can win cash.
The way it works is, each week the NFP Report is released, Tickmill will choose one asset and contestants, using the Tickmill MT4 Platform, must predict the price of that asset at 16:00 which is exactly 30 minutes after the NFP Report release.
Everything takes place on Tickmill’s Facebook page where you put your prediction and your Tickmill account number in the comment section of the NFP Machine post anywhere from Monday to Friday at 15:00 on NFP Report week.
What Can You Win?
If your prediction is an exact hit… $500.
If no one hits exact, the closet call gets $200.
This is a fun and exciting contest and will help you learn how to win at trading during the NFP Report.
Based in London, Tickmill has become a leading Forex and CFD broker. Founded in 2015, the company is led by CEO Duncan Anderson and Director Sudhanshu Agarwal; both are highly respected in the world of Forex trading.
What’s more, Tickmill is regulated by the Financial Conduct Authority (FCA) in the United Kingdom as well as the Financial Services Authority (FSA) in Seychelles.
Not only a learning experience, you can win cash. I suggest you cruise over to Tickmill, register an account and jump into the NFP Machine.
Your predictions can become profits.