Prohibited Trade Times (Live Accounts)
Once traders progress to a backed live account there are various events which they are restricted from holding open positions into, or executing new trades 2 minutes either side of.
The list will vary from time to time and instructions will be emailed to live traders on a weekly basis.
However if you wish to follow the live rules during your tryout you would set yourself in good stead to avoid trading into or around the following:
Major Economic Releases
Traders must be flat over the following economic releases:
- Non Farm Payrolls (monthly)
- Initial Jobless claims (weekly)
- US GDP
- FOMC rate decisions, Q&A and minutes.
Eurex, EUR/USD and GBP/USD Traders must also be flat over the following releases.
- IFO (German)
- UK GDP
- Bank of England rate decisions and minutes.
- ECB rate decisions and follow on conference/Q&A
Oil Traders must be flat for inventories:
Oil Inventories Every Wednesday afternoon at 15:30 BST. (On weeks that have a bank holiday Monday the release of this figure is delayed by 24.5 hours. Therefore on these occasions the release will be on Thursday at 16:00.