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FIFO first in first out

Posted: Wed Jul 08, 2009 8:36 am
by jacal1
Has anyone been caught badly with this attached regulation on positions have to be liquidated on first in first out basis.

this cuts ugly on my trading plan but i have not experienced it with Oanda anyone else run into this yet?

Re: FIFO first in first out

Posted: Wed Jul 08, 2009 11:06 am
by noone22
jacal1 wrote:this attached regulation on positions have to be liquidated on first in first out basis


Could you give more details about this regulation?
Never heard about it.
Why broker should luquidate your position
(unless you have a margin call, of course)?

Posted: Wed Jul 08, 2009 11:44 am
by jacal1
supposedly it was the FSA that sent out regulation on hedging any hedged positions would be closed at end of day and attached to this regulation was a fifo which seems to make a drawdown plan a very difficult trade

fxdd email said it was started on june 1st

Posted: Wed Jul 08, 2009 11:48 am
by monolisa
noone22,

This should provide some basic info about the matter.

http://www.fxstreet.com/education/forex ... egulation/

The ruling only applicable to US brokers with membership with NFA.

Lis

Posted: Wed Jul 08, 2009 7:55 pm
by jacal1
hmm seems to be controlling profits

and yes i know it also controlls the losing trade but we all know the house wins seems a little one sided for the ever poorer man

Posted: Thu Jul 09, 2009 12:50 am
by Humble
No more stop losses, no more t/p orders and no more MT4 platform through brokers that have to comply?

Posted: Thu Jul 09, 2009 1:43 am
by pierre23
I guess us aussies can count ourselves lucky those regulations don't apply to us. But I wouldn't be surprised if they do eventuate here

Posted: Thu Jul 09, 2009 5:11 am
by Patch
Don't trust the US Government-dems or repubs

Stand strong. This move is a further loss of my and all of our liberty and freedom. Hedging and shorting isn't hurting the US economy any where near as much as the government deficit spending us into a huge black debt hole we will never come out of. It is time for good men to stand up.jb

Posted: Fri Jul 10, 2009 12:03 am
by Humble
Interesting that China is stockpiling resource materials whilst it's cheap and the USA is stockpiling debt whilst it's cheap. I wonder which strategy will work best?

Posted: Fri Jul 10, 2009 12:57 am
by Patch
Humble

Somebody hates America and her industrial base. When was the last nuc power plant was built here? In France?

When was the last oil refinery built? Here and else where?

The bottom line, short the USD every time.

Debt is an economy killer. Inflation the knock out blow. Forex trading is more important now for financial survival than its been for a long time. I must live too close to the beltway. jb