Tickmill holds NFP Machine contest with $500 reward
Send an email to Woobox during the NFP week
Tickmill, the online trading firm, has unveiled its NFP Machine contest, inviting traders to harness their market acumen during one of the most pivotal economic events of the month—the U.S. Non-Farm Payrolls (NFP) report.
As the NFP release, which occurs on the first Friday of every month, frequently triggers significant market shifts, the contest offers participants a unique opportunity to turn their predictions into tangible profit.
Contest details and participation guidelines
The mechanics of the contest are straightforward yet demand precision. Each NFP week, Tickmill selects one trading instrument and announces it on the company’s Facebook page.
1. Register an account with Tickmill.
2. Predict the price of an instrument on the MT4/MT5 platform at exactly 16:00 - 30 minutes after the publication of the NFP report.
3. Send an email to Woobox between Monday 00:00 and Friday 15:00 during the NFP week.
The rewards structure is designed to incentivize accuracy. Traders who correctly predict the exact price stand to win a $500 cash prize.
Even if no one nails the precise figure, the contest offers consolation prizes: the three closest predictions can win $250, $150 and $100. This tiered reward system not only enhances competition but also encourages a broader participation from both novice and seasoned traders.
Market implications and looking forward
The NFP report is a vital indicator of U.S. economic health and often precipitates rapid movements in global financial markets.
Tickmill’s contest leverages this volatile environment to engage its user base, fostering a competitive yet educational atmosphere. By challenging traders to predict market behavior, Tickmill underscores the importance of timely analysis and informed decision-making in volatile market conditions.
We also reported Tickmill launched monthly trader contest with $1,000 USD in rewards.
