I've received this message from InterbankFX broker today:
"All registered FCM's have received a new Compliance Rule 2-43 regarding forex trading. On May 15, 2009, forex customers will no longer be allowed open "hedged" positions in their accounts."
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 regarding forex orders. The prohibition on carrying offsetting transactions will be effective for any positions established after May 15, 2009.
Additional information coming soon.
==============
I'm not using this technique, but someone - may be interested.
See more here:
InterbankFX Message
Oanda Forum discussion
"hedged" positions no longer be allowed
Moderator: moderators
"hedged" positions no longer be allowed
Last edited by noone22 on Sat Apr 18, 2009 12:09 pm, edited 1 time in total.
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- TheRumpledOne
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You can still beat the bastards.
Just find an FPI ring.
If you are short the EURJPY then long EURUSD and long USDJPY will hedge your position. You just have to have enough buying power to open the 2 additional positions.
DRAIN THE BANKS!!
Just find an FPI ring.
If you are short the EURJPY then long EURUSD and long USDJPY will hedge your position. You just have to have enough buying power to open the 2 additional positions.
DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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- rowdy
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"All registered FCM's have received a new Compliance Rule 2-47 regarding forex trading. On June 20, 2009, forex customers will no longer be allowed open strategies known as "Drain the Banks" positions in their accounts."
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-47 regarding forex orders. The prohibition on using "Drain the Banks" will be effective for any positions established after June 20, 2009.
Additional information coming soon.
Think this cant happen? It most certainly can. This is really bad news for everyone whether you hedge or not. I personally dont hedge but OBVIOUSLY PEOPLE ARE MAKING TOO MUCH MONEY DOING IT.
It is apparent that the NFA has clearly been bought off by the bucket shops.
Worse yet our legislators now are considering a Trader Tax, Reducing Forex leverage and God knows what else. Here is whats next-
"All registered FCM's have received a new Compliance Rule 2-66 regarding forex trading. On June 22, 2009, forex customers will no longer be allowed to make money in their accounts." Only customers that lose money will be allowed to Trade.
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-66 regarding forex orders. The prohibition on anyone making money will be effective for any positions established after June 22, 2009.
Additional information coming soon.
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-47 regarding forex orders. The prohibition on using "Drain the Banks" will be effective for any positions established after June 20, 2009.
Additional information coming soon.
Think this cant happen? It most certainly can. This is really bad news for everyone whether you hedge or not. I personally dont hedge but OBVIOUSLY PEOPLE ARE MAKING TOO MUCH MONEY DOING IT.
It is apparent that the NFA has clearly been bought off by the bucket shops.
Worse yet our legislators now are considering a Trader Tax, Reducing Forex leverage and God knows what else. Here is whats next-
"All registered FCM's have received a new Compliance Rule 2-66 regarding forex trading. On June 22, 2009, forex customers will no longer be allowed to make money in their accounts." Only customers that lose money will be allowed to Trade.
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-66 regarding forex orders. The prohibition on anyone making money will be effective for any positions established after June 22, 2009.
Additional information coming soon.
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- eudamonia
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rowdy,
You are cracking me up man! Forex is the WILD WILD WEST baby. The NFA is a U.S. institution. They regulate Futures markets. They may TRY to regulate Forex but it ain't gonna happen.
If you want to really escape the man then setup a Panama International Business Company and with a foreign Forex broker (maybe a Canadian or U.K. one). Just let the NFA try to regulate on your ca$h then
Edward
You are cracking me up man! Forex is the WILD WILD WEST baby. The NFA is a U.S. institution. They regulate Futures markets. They may TRY to regulate Forex but it ain't gonna happen.
If you want to really escape the man then setup a Panama International Business Company and with a foreign Forex broker (maybe a Canadian or U.K. one). Just let the NFA try to regulate on your ca$h then
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
- TheRumpledOne
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swiss broker
My broker is cashing in on this they are actively boasting how their hands are not tide, seems to me crippling the US brokers like this makes good business sense
quote="rowdy"]"All registered FCM's have received a new Compliance Rule 2-47 regarding forex trading. On June 20, 2009, forex customers will no longer be allowed open strategies known as "Drain the Banks" positions in their accounts."
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-47 regarding forex orders. The prohibition on using "Drain the Banks" will be effective for any positions established after June 20, 2009.
Additional information coming soon.
Think this cant happen? It most certainly can. This is really bad news for everyone whether you hedge or not. I personally dont hedge but OBVIOUSLY PEOPLE ARE MAKING TOO MUCH MONEY DOING IT.
It is apparent that the NFA has clearly been bought off by the bucket shops.
Worse yet our legislators now are considering a Trader Tax, Reducing Forex leverage and God knows what else. Here is whats next-
"All registered FCM's have received a new Compliance Rule 2-66 regarding forex trading. On June 22, 2009, forex customers will no longer be allowed to make money in their accounts." Only customers that lose money will be allowed to Trade.
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-66 regarding forex orders. The prohibition on anyone making money will be effective for any positions established after June 22, 2009.
Additional information coming soon.[/quote]
quote="rowdy"]"All registered FCM's have received a new Compliance Rule 2-47 regarding forex trading. On June 20, 2009, forex customers will no longer be allowed open strategies known as "Drain the Banks" positions in their accounts."
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-47 regarding forex orders. The prohibition on using "Drain the Banks" will be effective for any positions established after June 20, 2009.
Additional information coming soon.
Think this cant happen? It most certainly can. This is really bad news for everyone whether you hedge or not. I personally dont hedge but OBVIOUSLY PEOPLE ARE MAKING TOO MUCH MONEY DOING IT.
It is apparent that the NFA has clearly been bought off by the bucket shops.
Worse yet our legislators now are considering a Trader Tax, Reducing Forex leverage and God knows what else. Here is whats next-
"All registered FCM's have received a new Compliance Rule 2-66 regarding forex trading. On June 22, 2009, forex customers will no longer be allowed to make money in their accounts." Only customers that lose money will be allowed to Trade.
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-66 regarding forex orders. The prohibition on anyone making money will be effective for any positions established after June 22, 2009.
Additional information coming soon.[/quote]
swiss broker
My broker is cashing in on this they are actively boasting how their hands are not tide, seems to me crippling the US brokers like this makes good business sense
quote="rowdy"]"All registered FCM's have received a new Compliance Rule 2-47 regarding forex trading. On June 20, 2009, forex customers will no longer be allowed open strategies known as "Drain the Banks" positions in their accounts."
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-47 regarding forex orders. The prohibition on using "Drain the Banks" will be effective for any positions established after June 20, 2009.
Additional information coming soon.
Think this cant happen? It most certainly can. This is really bad news for everyone whether you hedge or not. I personally dont hedge but OBVIOUSLY PEOPLE ARE MAKING TOO MUCH MONEY DOING IT.
It is apparent that the NFA has clearly been bought off by the bucket shops.
Worse yet our legislators now are considering a Trader Tax, Reducing Forex leverage and God knows what else. Here is whats next-
"All registered FCM's have received a new Compliance Rule 2-66 regarding forex trading. On June 22, 2009, forex customers will no longer be allowed to make money in their accounts." Only customers that lose money will be allowed to Trade.
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-66 regarding forex orders. The prohibition on anyone making money will be effective for any positions established after June 22, 2009.
Additional information coming soon.[/quote]
quote="rowdy"]"All registered FCM's have received a new Compliance Rule 2-47 regarding forex trading. On June 20, 2009, forex customers will no longer be allowed open strategies known as "Drain the Banks" positions in their accounts."
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-47 regarding forex orders. The prohibition on using "Drain the Banks" will be effective for any positions established after June 20, 2009.
Additional information coming soon.
Think this cant happen? It most certainly can. This is really bad news for everyone whether you hedge or not. I personally dont hedge but OBVIOUSLY PEOPLE ARE MAKING TOO MUCH MONEY DOING IT.
It is apparent that the NFA has clearly been bought off by the bucket shops.
Worse yet our legislators now are considering a Trader Tax, Reducing Forex leverage and God knows what else. Here is whats next-
"All registered FCM's have received a new Compliance Rule 2-66 regarding forex trading. On June 22, 2009, forex customers will no longer be allowed to make money in their accounts." Only customers that lose money will be allowed to Trade.
NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-66 regarding forex orders. The prohibition on anyone making money will be effective for any positions established after June 22, 2009.
Additional information coming soon.[/quote]
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