Just to share this groundbreaking news that I got to know of from Ray Barros’ blog. I have validated it with the official notice from NFA website.
I wonder if a buy and a sell position at different price levels for the same currency at about the same time constitutes a hedging position too.
Nonetheless, I guess this will affect how some of us trade and may render some hedging EA useless.
This is the second big news that hit EAs. The earlier one was on IBFX introducing 5th decimal pricing. Big time on the EAs that were poorly designed!
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The only way to be truely satisfied is to do what you believe is great work and the only way to do great work is to love what you do… - Steve Jobs
Usa FCM;s are crap! move your accounts offshore people where they are not regulated by the crimmals at the NFA!
I say to the NFA GO F YOURSELF!!!
Thank god i;m not a usa citizen .. that country is going in the toilet!
G nite Folks!