Traders who opt for the “news trading addon” can trade any type of economic data without restrictions. However, if an account does not include this addon and trades on medium or high-impact economic data, it will result in a breach of the account.
News Trading Addon:
If your account includes the News Trading Addon, you can trade any economic data without restrictions. This addon allows you to participate in news-based trades and manage high-impact events as part of your strategy.
For Accounts Without the News Trading Addon:
If your account does not include the News Trading Addon, you must follow these guidelines to avoid breaching the rules:
Wait at least 5 minutes before and 5 minutes after the release of medium or high-impact economic data.
Medium or high-impact data is identified by orange or red highlights on Forex Factory.
Examples of High-Impact Data Include:
FOMC (Federal Open Market Committee) meetings
PMI (Purchasing Managers' Index)
Interest Rate Decisions
NFP (Non-Farm Payrolls)
For further reference, you can check these sites:
Forex Factory: Data highlighted in orange or red.
Trading Economics: Data in bold or red is non-tradable according to our rules.
What Happens if You Breach the News Trading Rule?
If you trade medium or high-impact data without the News Trading Addon, it will result in a breach of your account.
If your account is breached (e.g., due to news trading violations, over-leveraging, or exceeding the position size limit), any profits from the violating trades will be forfeited, and your account will be considered in breach.
You will lose all profits, and your account will be marked as in breach.