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, maintaining orders in the book into, or executing new trades 2 minutes either side of.
The list will vary from time to time.
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 with no working orders over the following economic releases:
- Non Farm Payrolls (monthly)
- Initial Jobless claims (weekly)
- US GDP
- FOMC rate decisions, Q&A and minutes.
- US CPI (monthly)
EUR/USD and GBP/USD Traders must also be flat with no working orders 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 with no working orders 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.