Goat Funded Trader (GFT) has made an important change to its trading rules, now permitting news trading on all funded and challenge accounts.
Goat Funded Trader (GFT) has made an important change to its trading rules, now permitting news trading on all funded and challenge accounts.
Here are the Highlights of the article “GFT Announces Major Rule Change: News Trading Now Allowed”:
Goat Funded Trader (GFT) has made an important change to its trading rules, now permitting news trading on all funded and challenge accounts. This move comes as part of GFT’s strategy to differentiate itself from other firms in the industry.
As of November 21st, news trading is fully allowed, a shift that marks a departure from the previous restrictions. Under the new rule, traders can open and close trades during the 2-minute news window. This is typically known for its high volatility, without any fear of soft or hard breaches.
However, GFT has implemented a key condition: any trades executed within this news window that generate profits will be capped at 1%. If the profits exceed this amount, the excess will be removed. This ensures that traders can still capitalize on news-driven market movements but with controlled risk exposure.
This update applies to all accounts purchased from November 21st onwards. This means that both new and existing traders can take advantage of this opportunity, provided they are trading under the new terms.
One of the key aspects of the change is the removal of soft and hard breaches. This allows traders to operate with greater flexibility and peace of mind. Previously, news trading was heavily restricted or outright banned by many firms due to the high risks involved. Now, GFT aims to create a more transparent and trader-friendly environment, encouraging the use of market-moving news events while ensuring reasonable profit limits to manage risk.
In conclusion, this major rule change by GFT is a progressive step in the prop trading industry. By embracing news trading, GFT hopes to empower traders and offer them more freedom to execute strategies around high-impact news events while maintaining a solid risk management framework.
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