Prop trading is always evolving, and Alpha Capital Group prop firm is right at the heart of it with some fresh updates. They have just rolled out a brand new option called the Alpha Swing Challenge and have also made a few important tweaks to their well known Alpha Pro Challenge. So, what does all this mean for traders like you? Let us break it down and see how these changes could work in your favor.
 

About Alpha Capital Group Prop Firm

Alpha Capital Group is a well known prop trading firm that offers traders a chance to prove their trading skills and advance their trading careers. The company, officially named Alpha Capital Group Limited with the registration number 13719951 and is based in Great Britain. The CEO of Alpha Capital Group is George Kohler. Alpha Capital Group is known for its innovative trading programs designed to meet the diverse needs of traders.

Introducing the Alpha Capital Group Alpha Swing Challenge

The new Alpha Swing Challenge is designed specifically for traders who prefer swing trading, which involves holding positions for several days or weeks. This Alpha Capital Group challenge is a big change from traditional programs, offering a lot more flexibility. For instance, you can hold onto your trades overnight or even over the weekend without any restrictions. This means you won’t have to rush to close positions before the weekend or avoid trading during major news events that can impact the market.

Why the Alpha Capital Group Alpha Swing Challenge is Special

The Alpha Swing Challenge stands out because it gives traders more freedom. Unlike other challenges that impose strict rules about when you can hold your trades, the Alpha Swing Challenge lets you manage your trades based on your strategy without worrying about forced closures. This freedom allows traders to take full advantage of market conditions and potentially increase their profits.

Changes in the Alpha Capital Group Alpha Pro Challenge

For those who are already participating in the Alpha Pro Challenge, there are some new changes. Previously, Alpha Pro traders had the flexibility to hold their trades as they saw fit. However, the new rules now require traders to close their positions before the market closes on Fridays. This change means that trades cannot be held over the weekend, which could affect those who are used to holding positions longer.

These new rules apply only to traders who are already in funded Alpha Pro accounts. If you’re still in the evaluation stages, these changes do not affect you.

Options for Alpha Pro Traders

If you are currently in the Alpha Pro Challenge and find these new restrictions challenging, you have the option to switch to the Alpha Swing Challenge. This new challenge allows you to keep your positions open overnight and over the weekend, without restrictions on trading during news events. 

To make the switch, you will need to fill out a form available on the Alpha Capital Group website.
You can also contact the Alpha Capital Group support team directly to get the most recent link for the form.

Switching to the Alpha Swing Challenge might be a good move if the new Alpha Pro restrictions don’t suit your trading style. It offers more flexibility and could better fit your needs.

Alpha Capital Group Customizable Profit Targets

Another significant update is the introduction of customizable profit targets in Stage 1 of the evaluation process. Traders now have the option to choose between an 8% or 10% profit target. This change allows you to select a target that aligns with your trading strategy and risk tolerance.

Choosing the right profit target is important because it affects your evaluation process. If you’re comfortable with a higher target, the 10% option might be suitable. Otherwise, the 8% target might be more achievable depending on your trading style.

How to Transition to the Alpha Capital Group Alpha Swing Challenge

If you decide that the Alpha Swing Challenge is a better fit for your trading style, transitioning is straightforward. Start by evaluating how the new challenge aligns with your trading approach. Then, fill out the transition form provided here to request the switch. Make sure to adjust your trading strategy to take advantage of the new rules. Staying updated with any further changes from Alpha Capital Group will also help you stay ahead.

Conclusion

The introduction of the Alpha Swing Challenge and the updates to the Alpha Pro Challenge by Alpha Capital Group offer exciting new opportunities for traders. Whether you’re looking for more flexibility or adjusting to new rules, these changes are designed to enhance your trading experience. By understanding these updates and choosing the right challenge for you, you can make the most of what Alpha Capital Group has to offer.