Newsquawk Non-Farm Payroll Trading Competition
BullRush is excited to invite you to the Newsquawk Non-Farm Payroll (NFP) Trading Competition! Every month, you can test your trading skills and win prizes by trading the U.S. NFP report. Hosted by Newsquawk, a trusted provider of live market news, this competition keeps you updated on breaking economic events.
Why Join Newsquawk Non-Farm Payroll (NFP) Trading Competition?
Whether you’re experienced or new to trading, this competition lets you challenge yourself. You’ll learn and improve your skills in real market conditions.
What is the NFP Report?
The U.S. releases the NFP report every month. It shows how many jobs were added to the economy, excluding farm and government jobs. It also includes the unemployment rate and wage data.
Traders pay close attention to the NFP report. A strong report boosts stocks and the U.S. dollar. A weak report can do the opposite.
When is the NFP Released?
The NFP report is released on the first Friday of each month at 08:30 ET. Newsquawk shares the data instantly through live audio and news updates.
How to Trade the NFP Report
Trading the NFP report can be profitable but risky. Here’s how to do it:
- Know Market Expectations: Look at other reports like unemployment claims to predict the NFP data.
- Focus on the Headline Number: This number shows how many jobs were added. A higher number can strengthen the economy, stocks, and the U.S. dollar.
- Watch Other Data: The unemployment rate and wages give extra insight into the economy.
- React to the Data: Good Data: A strong NFP report boosts stocks, the U.S. dollar, and interest rates. Bad Data: A weak NFP report causes stocks to fall, the U.S. dollar to weaken, and bonds to rise.
Details of the Newsquawk NFP Trading Competition
Now you know the basics! It’s time to compete. The Newsquawk NFP Trading Competition runs every month. Win prizes like Newsquawk subscriptions that offer real-time market insights.
Competition Rules:
- Starting Balance: You get $100,000 in virtual funds.
- Max Loss Limit: You can lose up to 3%.
- One Account per Person: Register only once. Multiple accounts will disqualify you.
- AML/KYC Compliance: Winners must complete identity checks.
Prizes for the Top 10:
- 1st Place: 6-Month Newsquawk Subscription
- 2nd Place: 3-Month Newsquawk Subscription
- 3rd Place: 3-Month Newsquawk Subscription
- 4th-10th Place: 1-Month Newsquawk Subscription
Not in the top 10? No problem. Use the code “BullRush30” for a 30% discount on a Newsquawk subscription.
Why Compete?
Newsquawk’s expert analysis helps you make smarter trading decisions. Use their insights to get ahead in the markets. The NFP Trading Competition is a great way to sharpen your skills and learn more.
Join BullRush Now! Test your skills, stay updated with real-time news, and win prizes. Don’t forget to use “BullRush30” for your discount.
Good luck and happy trading!
