There are less than 60 days remaining for U.S. Forex dealers to modify their platforms to comply with the new "hedging" requirements.
However, while NFA-registered brokers are busy offering creative hedging alternatives to get around the new regulation; and the U.S. trading public is crying out that NFA has no business interfering with how a person chooses to trade; no one is shining any light on the part of the new regulation that may have more significant implications than the hedging controversy. The NFA has stipulated that brokers must close out offsetting positions each day and that those positions must be closed on a first-in-first-out (FIFO) basis.
Tom
Forex Magnates - Home of the Forex Elite
However, while NFA-registered brokers are busy offering creative hedging alternatives to get around the new regulation; and the U.S. trading public is crying out that NFA has no business interfering with how a person chooses to trade; no one is shining any light on the part of the new regulation that may have more significant implications than the hedging controversy. The NFA has stipulated that brokers must close out offsetting positions each day and that those positions must be closed on a first-in-first-out (FIFO) basis.
Tom
Forex Magnates - Home of the Forex Elite
