I absolutely do not agree with this crap. It is absolute nonsense.
http://www.nfa.futures.org/news/PDF/...Adj_112408.pdf
http://www.nfa.futures.org/news/PDF/...Adj_112408.pdf
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DislikedAll you guys who Grid trade, correct if I am wrong but wouldn't this have some serious implications for you guys?Ignored
DislikedWhat's the problem? These appear to be beneficial changes for the retail trader, at least on the surface. There is no benefit in hedging. The FIFO system is exactly the same as hedging, just the way it is presented in your account is different and you will not get charged or margin called for effectively being flat in the market.
Answer this: If you are long 3 lots on EURUSD and simultaneously short 2 lots on EURUSD, what is the traders total net position in the market?
A. 5 lots
B. 1 lotIgnored
DislikedNo actually i dont agree with fxtrader42, it doesnt make sense at all the only one who gains from it, is the broker by charging you the spread twiceIgnored
DislikedSeasons greetings to you too fxtrader42. You sound aggro there kid. Another losing day huh?Ignored
DislikedIt's never a good thing when a government (or it's proxy) dictates to it's citizens how to conduct their personal affairs. Consider a moment if the NFA disallowed scalping or carry trades or >insert your own favorite<. Don't try to claim hedging is any different. Everyone has their own styles and techniques to trading. If someone wants to develop a grid strategy involving flat positioning, more power to him!
Another way to look at it. The clowns who got the US economy in it's current mess are now trying to tell you how to handle...Ignored
DislikedIt's never a good thing when a government (or it's proxy) dictates to it's citizens how to conduct their personal affairs. Consider a moment if the NFA disallowed scalping or carry trades or >insert your own favorite<. Don't try to claim hedging is any different. Everyone has their own styles and techniques to trading. If someone wants to develop a grid strategy involving flat positioning, more power to him!
Another way to look at it. The clowns who got the US economy in it's current mess are now trying to tell you how to handle...Ignored