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. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex Software share Read Next NZD/USD Outlook – July 27-31 2009 Yohay Elam 14 years 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… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
