During high-impact economic news events, traders holding Live accounts may maintain existing open positions and pending orders on the affected currency pair(s).
However, Live account holders are strictly prohibited from:
Opening new trades, or Placing new pending orders on the affected instrument(s) within 5 minutes before and 5 minutes after the official news release time.
High-impact news events are identified by the red folder indicator on ForexFactory (www.forexfactory.com).
In addition, during red-folder events, trading is also prohibited on:
Indices
Cryptocurrency pairs
Commodities
Stock CFDs
where the underlying or quoted currency is affected by the news release.
Examples
Example 1:
If the UK Consumer Price Index (CPI) is listed as high-impact news affecting GBP, you may not open new trades on GBP currency pairs. However, you may trade other pairs that do not include GBP.
Example 2:
During Non-Farm Payroll (NFP) news affecting USD, you may not open new trades on:
USD currency pairs
Indices
Cryptocurrency pairs
Stock CFD
USD-denominated commodities such as XAUUSD, XTIUSD, and OIL
Challenge Accounts
Traders operating Challenge accounts are permitted to trade during high-impact news events without restriction.
Violations
If a Live account holder violates this News Trading Policy:
Any profits generated from the prohibited trades will be forfeited, and
The account will be terminated.