Goat Funded
Trader (GFT) has informed its clients that due to the U.S. presidential
election, it is temporarily suspending trading on live accounts as a “conservative
measure” in anticipation of “high volatility.”
Prop Firm Goat Funded
Trader Halts Live Trading During US Election
In the prop
trading industry, it’s standard practice to restrict trading during periods of
increased price fluctuations. Many firms don’t even allow trading during major
economic data releases (known as “news trading”).
The U.S.
presidential election is certainly one of the events that could shake markets
to their core, and GFT has decided to completely suspend trading during this
period.
“We
will be disabling trading on all live accounts from November 5th, 5 pm UTC,
until November 6th, 1 pm UTC,” stated the company’s official announcement
published yesterday (Sunday) on their social media channels.
The prop
firm reminds its clients that all positions on live simulated accounts must be
closed before the designated date, or the system will automatically close them.
GFT
emphasizes that this applies to live accounts only. Traders who are in
challenge phases will still have access to their accounts. However, the prop
firm strongly advises exercising caution during this period.
“The
U.S. elections are expected to bring extreme volatility , which could cause
significant fluctuations in prices and increased risks of slippage, spreads
widening, and execution delays beyond our control,” the statement
continued.
At the time
of this article’s publication, Finance Magnates could not confirm
whether any other prop trading firms had taken measures similar to GFT’s. Only
Optimal Traders has announced that they “anticipate a period of heightened
market volatility.”
However,
the firm is not blocking trading or news trading during this period, though
they encourage their clients to consider the risks associated with this event
and suggest staying on the sidelines.
Financial Markets and US Elections
U.S.
presidential elections have historically influenced financial markets, with
varying impacts on the U.S. dollar, commodities, Bitcoin, and stocks. These
effects often stem from investor expectations regarding potential policy
changes and economic strategies of incoming administrations.
The U.S.
dollar typically experiences fluctuations during election periods. For
instance, following the 2016 election, the dollar strengthened as markets
anticipated fiscal stimulus and tax reforms under the new administration.
Conversely, in 2020, the dollar faced downward pressure amid uncertainties
surrounding the election outcome and the economic impact of the COVID-19
pandemic. These movements reflect investor sentiment and expectations of future
economic policies.
Bitcoin’s
response to elections is relatively recent but notable. During the 2020
election, Bitcoin ‘s price rose, possibly due to increased demand for
alternative assets amid economic uncertainty.
Anticipation
ahead of this year’s elections is also driving markets. The dollar has reached
multi-month highs, Bitcoin has approached record peaks, and gold has once again
recorded an all-time high.
Goat Funded Trader Adds
cTrader
A week ago,
the proprietary trading firm announced the addition of cTrader, Spotware’s
well-regarded trading platform, to its suite of investment tools. This marks
the latest in a series of updates by GFT, following its introduction of
TradeLocker and discontinuation of MetaTrader earlier this year.
📢 cTrader IS NOW LIVE 📢
The news everyone was waiting for 🔥
To celebrate the introduction of this new platform
GFT offers a 25% OFF on all Challenges!
✅Available for 72 hours only
🎟️Code: CTRADER
Don’t miss the chance and join us now pic.twitter.com/5vXGmEDyGH— Goat Funded Trader (@GoatFunded) October 21, 2024
Recently,
Goat Funded Trader hinted at a significant update on social media, prompting
some traders to speculate on the arrival of cTrader. Confirming these
predictions, GFT has launched cTrader and is offering discounted rates on its
trading challenges with the code CTRADER as part of the celebration. Having
phased out MetaQuotes’ trading platforms twice in 2024, GFT has been actively
seeking alternative solutions. Following the rollout of TradeLocker in July,
the company evaluated cTrader in August as a viable addition.
In
September, CEO Edoardo Dalla Torre acknowledged client interest in the
platform, remarking, “We heard you want cTrader as well. Recently we
introduced TradeLocker. Should we add cTrader?” Now, two months later, GFT
has acted on this feedback by implementing the new platform.
GFT was one
of the first firms to abandon MetaQuotes’ platform in February 2024 due to
licensing issues, briefly reintroducing it before ultimately opting for other
trading tools.
Goat Funded
Trader (GFT) has informed its clients that due to the U.S. presidential
election, it is temporarily suspending trading on live accounts as a “conservative
measure” in anticipation of “high volatility.”
Prop Firm Goat Funded
Trader Halts Live Trading During US Election
In the prop
trading industry, it’s standard practice to restrict trading during periods of
increased price fluctuations. Many firms don’t even allow trading during major
economic data releases (known as “news trading”).
The U.S.
presidential election is certainly one of the events that could shake markets
to their core, and GFT has decided to completely suspend trading during this
period.
“We
will be disabling trading on all live accounts from November 5th, 5 pm UTC,
until November 6th, 1 pm UTC,” stated the company’s official announcement
published yesterday (Sunday) on their social media channels.
The prop
firm reminds its clients that all positions on live simulated accounts must be
closed before the designated date, or the system will automatically close them.
GFT
emphasizes that this applies to live accounts only. Traders who are in
challenge phases will still have access to their accounts. However, the prop
firm strongly advises exercising caution during this period.
“The
U.S. elections are expected to bring extreme volatility , which could cause
significant fluctuations in prices and increased risks of slippage, spreads
widening, and execution delays beyond our control,” the statement
continued.
At the time
of this article’s publication, Finance Magnates could not confirm
whether any other prop trading firms had taken measures similar to GFT’s. Only
Optimal Traders has announced that they “anticipate a period of heightened
market volatility.”
However,
the firm is not blocking trading or news trading during this period, though
they encourage their clients to consider the risks associated with this event
and suggest staying on the sidelines.
Financial Markets and US Elections
U.S.
presidential elections have historically influenced financial markets, with
varying impacts on the U.S. dollar, commodities, Bitcoin, and stocks. These
effects often stem from investor expectations regarding potential policy
changes and economic strategies of incoming administrations.
The U.S.
dollar typically experiences fluctuations during election periods. For
instance, following the 2016 election, the dollar strengthened as markets
anticipated fiscal stimulus and tax reforms under the new administration.
Conversely, in 2020, the dollar faced downward pressure amid uncertainties
surrounding the election outcome and the economic impact of the COVID-19
pandemic. These movements reflect investor sentiment and expectations of future
economic policies.
Bitcoin’s
response to elections is relatively recent but notable. During the 2020
election, Bitcoin ‘s price rose, possibly due to increased demand for
alternative assets amid economic uncertainty.
Anticipation
ahead of this year’s elections is also driving markets. The dollar has reached
multi-month highs, Bitcoin has approached record peaks, and gold has once again
recorded an all-time high.
Goat Funded Trader Adds
cTrader
A week ago,
the proprietary trading firm announced the addition of cTrader, Spotware’s
well-regarded trading platform, to its suite of investment tools. This marks
the latest in a series of updates by GFT, following its introduction of
TradeLocker and discontinuation of MetaTrader earlier this year.
📢 cTrader IS NOW LIVE 📢
The news everyone was waiting for 🔥
To celebrate the introduction of this new platform
GFT offers a 25% OFF on all Challenges!
✅Available for 72 hours only
🎟️Code: CTRADER
Don’t miss the chance and join us now pic.twitter.com/5vXGmEDyGH— Goat Funded Trader (@GoatFunded) October 21, 2024
Recently,
Goat Funded Trader hinted at a significant update on social media, prompting
some traders to speculate on the arrival of cTrader. Confirming these
predictions, GFT has launched cTrader and is offering discounted rates on its
trading challenges with the code CTRADER as part of the celebration. Having
phased out MetaQuotes’ trading platforms twice in 2024, GFT has been actively
seeking alternative solutions. Following the rollout of TradeLocker in July,
the company evaluated cTrader in August as a viable addition.
In
September, CEO Edoardo Dalla Torre acknowledged client interest in the
platform, remarking, “We heard you want cTrader as well. Recently we
introduced TradeLocker. Should we add cTrader?” Now, two months later, GFT
has acted on this feedback by implementing the new platform.
GFT was one
of the first firms to abandon MetaQuotes’ platform in February 2024 due to
licensing issues, briefly reintroducing it before ultimately opting for other
trading tools.
This post is originally published on FINANCEMAGNATES.
