Contents
Introduction
Think about using your trading skills to become a No Deposit Bonus in cash—that is no deposit! Traders for the NFP Machine Contest get a shot at acquiring a $500 no-deposit bonus just for predicting if the NFP, considered one of the most closely followed reports, is moving in which direction. Given that this particular monthly NFP is always known for huge movements in markets, this is the right time to seize knowledge and insights to profit.
We will guide you on how to join the NFP Machine No Deposit Bonus Contest, why the NFP report is important, how to add indicators like MACD to your prediction, and what to do to have the best chance of winning. Let’s jump into this opportunity to leave a mark in the trading world by turning predictions into profits!
Understanding the NFP Report and Why It Matters to the Market
The NFP report is a monthly release from the US Bureau of Labor Statistics in which data on how many jobs are added or lost in the previous month, not including the farming industry, is reported. One of the most important economic indicators as it reveals very critical insights into the health of the US economy leading everything and as an influence from the USD through major stocks, commodities, and forex pairs like EUR/USD, GBP/USD, and USD/JPY.
The NFP report reveals growth trends in jobs and the stability of the economy and will conclude many decisions by the Federal Reserve regarding their policy. Therefore, if the trend reflects strong job growth then the interest rate is hiked and weak data reports lead to cuts. It has been said that trading in NFP creates volatility, and chances increase through profitable moves following the good NFP; so let this contest enable you to make an informed guess about the price movement.
How the $500 No Deposit Bonus NFP Machine Contest Works
The NFP Machine No Deposit Bonus Contest is a walk in the park, providing you with the possibility to win up to $500 without a deposit. This is how it works:
Check for the Announced Instrument: Each NFP week, a specific instrument for the contest is announced by Tickmill and published on the organizer’s Facebook page. That instrument might be a currency pair, index, or commodity that usually reacts to the NFP report.
Put your Guess: After the surprise item is revealed, place the guess. Take your bet on the price using your MT4/MT5 at 16:00 exactly 30 minutes since the NFP data announcement for the best time point value.
Enter via Woobox: Enter your prediction together with your email here to access Woobox starting on Monday 00:00 to Friday 15:00 during the week for NFP.
Win $500: Guess the spot on price and you win $500 cash. In case no one guesses the spot-on figure, the three closest guesses will be entered into an additional draw for a chance to win up to $250 in cash. We will post all winners on Facebook, so keep an ear out!
This is an easy process in which traders of all levels may participate, sharpen their guessing skills, and depart with a no-deposit bonus in their account.
Use of MACD to Accurately Forecast NFP Actions
Technical analysis indicators, the Moving Average Convergence Divergence, or MACD, for instance, will help narrow down the price movement that you should expect after the NFP. The MACD is one of the very flexible momentum indicators that provide information on direction and strength. Here is how to apply it:
Components of the MACD: It has two lines.
MACD Line: Trends direction is indicated by subtracting the 26-period EMA from the 12-period EMA.
Signal Line: The 9-period EMA of the MACD line, hence the buy/sell signal.
Look for Crossovers: When the MACD line crosses above the signal line, it is a good indication of upward momentum, and one can buy. But if the MACD is crossing below, it’s a sign of downward momentum. One can identify this momentum and gauge if the instrument might rise or fall after the NFP release.
Zero Line Crossover: A positive sign occurs when the MACD line crosses above the zero line. In a case where it is moving below, then bearish momentum will dominate. For predicting NFP, look out for the crossover near the zero line in the direction of the forecasted price movement.
Histogram for Momentum: The MACD histogram represents the difference between the MACD line and the signal line. A larger bar indicates strong momentum. If the histogram is growing in the direction you are expecting, this could be an indication that the instrument is moving in the direction you are predicting post-NFP.
Putting all of the MACD together with the market sentiment and the fundamental analysis of the NFP report can improve your accuracy at making predictions of price movements.
Tips to Win the NFP Machine Contest
Historical NFP Analysis: An analysis of the previous data and its implications on the selected instrument for finding any patterns. See how the prices reacted after 30 minutes of its release, which can be your guide now.
Monitor the Economic News and Shifts in Sentiment: As soon as NFP comes out, you will be keeping track of the report release of economic data, especially those that often hint at market shifts. More times than not, good job growth is an indication of high bullish sentiment, but meager job growth turns bearish.
Using the Combination Selectively: Other than using MACD, you’re also using an RSI as seen below to establish whether this is a market change in momentum since a high RSI reading over 50 would imply that you could look for a bullish prediction with an upward signal.
Put Your Prediction Early with Leeway for Revision. Your forecast can be received a few days earlier, giving additional time to analyze but requires a revision if major news changes the market’s impression before Friday’s deadline by 15:00.
Federal Reserve Statement: As NFP continues to act on the decisions made by the Fed, it influences prices from any type of statement which issues through them is an integral aspect while having an appropriate forecasting.
Conclusion: Ready to Win the NFP Machine Contest
The $500 No Deposit Bonus NFP Machine Contest – such a unique competition, wherein the participant has all possible possibilities of winning without one dollar in deposit, earning cash prizes from turning forecasts for NFP. Utilize the following guide as for research over NFP influence and getting an advantage through signals by MACD while turning precise predictions by the right strategy. Take a chance at self-expression and the test of intuition while you enter into thousands of others going to compete for up to $500 in the NFP Machine Contest.
Don’t miss this exciting opportunity to take advantage of the markets—begin preparing your prediction today and may the best forecast win!