News Trading on For Traders — Rules & Compatibility

Rule Compatibility Checklist

News trading on For Traders comes with a critical restriction: you can only trade news events during the challenge phase, not once you receive funding. This makes For Traders suitable for traders who want to use news trading as part of their evaluation strategy but must be prepared to adapt their approach once funded. During the challenge phase, you'll benefit from several favorable conditions for news trading. The 5% daily loss limit gives you reasonable room to manage the volatility that comes with major economic announcements like NFP, CPI, or Federal Reserve decisions. With a 10% total loss limit, you have sufficient buffer to weather multiple news events if some don't go in your favor. The absence of consistency rules is particularly advantageous since news trading often produces sporadic, large gains that could trigger consistency violations at other firms. Your challenge requires a 10% profit target with no time limit, allowing you to be selective about which news events to trade. You don't need to force trades on weak news days and can wait for high-impact events that offer the best risk-reward opportunities. The minimum 3 trading days requirement is easily met since major news events occur regularly throughout each week. For position sizing during news events, calculate your risk based on the 5% daily limit. If you're trading a $100,000 challenge account, your maximum daily loss is $5,000. Given news trading's high volatility, consider risking no more than 2-3% per trade to allow for multiple attempts. This gives you $2,000-$3,000 risk per position, which should accommodate the wider stops typically needed around news events. The platform options of MT5, TradeLocker, and cTrader all support the fast execution needed for news trading. MT5 and cTrader are particularly well-suited due to their advanced order management features. The 1:125 leverage on forex pairs provides adequate buying power without being excessive for the volatile conditions around news releases. You have access to all major instrument classes including forex majors, indices, commodities, and crypto, giving you flexibility to trade news events across different markets. Focus on the most liquid instruments during news events to ensure tight spreads and reliable execution. Once you pass the challenge and receive funding, your strategy must completely change since news trading becomes prohibited. This transition requires having alternative strategies ready for your funded account. Many successful traders use news trading to quickly pass the evaluation, then switch to swing trading, trend following, or other approaches for consistent funded account performance. Timing is crucial with For Traders' news trading restriction. Plan your challenge around major news weeks when high-impact events cluster together. The first Friday of each month typically offers NFP, while CPI releases and Federal Reserve meetings provide additional opportunities. Focus your challenge during these periods to maximize your chances of reaching the 10% target quickly. Risk management becomes even more critical knowing you have limited time to use this strategy. Set strict stop losses before news releases and stick to them. The market's initial reaction to news isn't always sustained, so consider taking partial profits on favorable moves rather than holding for maximum gains. Pay attention to spread widening around news events, as this can significantly impact your trading costs and slippage. Enter positions at least 10-15 minutes before major releases to avoid the worst spread increases, and be prepared for potential execution delays during the most volatile moments. The weekend holding allowance means you can maintain positions through weekends if news breaks on Friday after market close, though this adds gap risk to your strategy. Generally, it's better to close news positions quickly given their short-term nature. Monitor your progress carefully during the challenge phase. If you're approaching the 10% target through news trading, consider switching to lower-risk strategies for the final portion to protect your gains. Conversely, if you're behind target with limited high-impact news events remaining, you may need to take calculated risks on medium-impact releases.

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