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Welcome to a brand-new way to play daily market action. You can now place predictions on price moves across the top 10 futures markets through a new app from NinjaTrader & Tradovate.
Predict, Play & Win with Event Contracts
Event contracts from CME Group make it easier than ever to participate in the global financial markets with all the benefits of trading futures in a centralized and regulated marketplace. Place price move predictions on some of the world’s most active markets, like the E-mini S&P, E-mini Nasdaq, Gold, Oil, and more.
How Do I Make a Prediction?
Choose from a selection of markets across multiple categories including Metals, Energies, Indexes, and Currencies. Select a closing price for that day, and then predict whether the actual close will be above or below your selected closing price.
Let’s say Oil is currently at $85. Will it finish above $85? Predict Yes, or No? That’s all there is to it.
Watch the short video for a step-by-step guide on how to place predictions.
So, How Much Can I Win or Lose?
Each event contract delivers a $20 payout for a correct prediction while the amount required to purchase a contract varies based on the likelihood of success. Incorrect predictions have a $0 payout which means your cost in these cases would be the amount you paid to make the prediction. *
In the “Image 1” example below, you can see an available prediction for the E-Mini S&P 500: “Will it end above 3955.00?” The bid price is close to the current price, so a “Yes” or “No” selection has the same cost. “Image 2” shows a potential profit of $10.25 with a correct prediction paying $20 per contract.
And remember, the risk is limited to the cost of the prediction. So, just choose a target closing price, decide “Yes” or “No” and win $20 for each correct prediction*.
Why just bet when you can trade instead? Get started with event contracts
*Event Contract Transaction Fees
No commissions or CME exchange fees will be charged through March 1, 2023, except for the E-mini Dow (YM) which will have a $0.01 CME exchange fee per contract. A NFA fee of $0.02 and clearing fee of $0.09 per contract will apply to all predictions. Fees subject to change.
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Image and article originally from ninjatrader.com. Read the original article here.