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New NFA Rules – Will you Switch Brokers? Poll

It’s the last trading week before the new NFA rules take effect and shake the world of forex trading.

American traders will soon find surprises in their forex platforms that will prevent hedging and will also be quite annoying. Are you going to switch to a foreign broker on these new regulations? Did you already switch?

Here’s the poll:

[poll id=”3″]

The new NFA rules try to prevent hedging by imposing the FIFO mechanism, which means that you need to close positions on the same currency pair in the order that they were opened.

I believe that many traders will switch brokers on the new NFA rules.

Of course, your opinions about the new NFA rules are most welcome.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.