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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.
For accounts without the news trading addon, the following rules apply:
You must wait at least 5 minutes before and 5 minutes after the release of medium or high-impact 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 additional examples, please refer to:
Forex Factory: Data highlighted in orange or red.
Trading Economics: Data in bold or red is non-tradable according to our rules.
By adhering to these guidelines, traders can avoid account breaches related to news trading.
— Published on: 08/07/2024
UPDATE (09/18/2024):
If your account ends up breaching our trading rules, whether it’s through news trading, over-leveraging, or going beyond our maximum position size limits, here’s what will happen: any profits from the trades that caused the breach will be forfeited. Additionally, your account will be considered in breach of the challenge, and you’ll lose all the profits in your account, and the account will be breached. Specifically for news trading, if you are in a trade and do not have access to our news trading add-on, you must close the trade at least 5 minutes before the news event and can only re-enter the trade 5 minutes after the news event has concluded. This policy is enforced at the sole discretion of Leveleduptraders.com, and we may impose additional penalties or make adjustments as needed. To avoid these issues, please make sure to follow all our trading rules carefully. If you have any questions or need clarification, feel free to reach out to our support team.