Which brokers does FIFO apply to?
Chances are that if your broker falls under the regulation of the NFA, such as Oanda, you’re affected by this.
Actually, FIFO is already widely used by stocks and futures platforms,
but it’s only recently that forex platforms have come to adopt it (August 2010).
I find that fifo is hard to win in forex I thought about switching to stock where "FIFO" didn't apply so... I was bum out when I learned that even stock use FIFO...
So the remain quesiton is: How do you win/daytrade in stock with FIFO....
Chances are that if your broker falls under the regulation of the NFA, such as Oanda, you’re affected by this.
Actually, FIFO is already widely used by stocks and futures platforms,
but it’s only recently that forex platforms have come to adopt it (August 2010).
I find that fifo is hard to win in forex I thought about switching to stock where "FIFO" didn't apply so... I was bum out when I learned that even stock use FIFO...
So the remain quesiton is: How do you win/daytrade in stock with FIFO....