What it Means:
For major economic releases, TopstepTrader refers to this economic calendar. Economic releases cause extreme volatility and large price swings, therefore, are very difficult to trade consistently and profitably. Due to this increased risk, all traders in Step 2 and Funded Account™ must be flat 1 minute before until 1 minute after a major economic release.
Those in Step 1 do not need to be flat during any releases.
Why it is Important:
- This allows the market to digest new information, ensuring responsible risk management
- It’s important to know what releases affect the product(s) you are trading
Click here for product symbols.
|Unemployment Rate||ES, NKD, NQ, 6A, 6B, 6C, 6E, 6J, 6S, E7, GE, YM, UB, ZT, ZF, ZN, ZB, GC, RTY, SI, HG, TN|
|ADP Non-Farm Employment change|
|Non-Farm Employment change|
|FOMC Meeting Minutes||ALL PRODUCTS|
|US GDP (Advance, Preliminary, Final)||ES, NKD, NQ, 6A, 6B, 6C, 6E, 6J, 6S, E7, GE, YM, UB, ZT, ZF, ZN, ZB, GC, RTY, SI, HG, TN|
|Crude Oil Inventories (EIA)||CL, QM|
|Natural Gas Inventories (EIA)||NG, QG|
|Crop Production||ZC, ZS, ZW, ZM, ZL|