NFA new rules made Forex trading a nightmare

Enough rules to 'protect traders' or confuse them at best.
Last month the no hedging rules made traders in US account lose heaps of money, and now FIFO will bust what ever left.
The answer to this crap would be instant migration to UK, where trading freedom is still alive.
migrate.. migrate.. migrate.. or you have to learn Forex trading from the ground up.

 

Bwaaaaaaaaaahahahahaha

 

Was it that funny?

 

No 'it' wasn't, you are though

 

FXB, do you know the definition of a "true" hedge????


The Ever Venomous VIPER

 

Just for * fun *, why don't you tell us:

1) how you know that 'heaps of traders" lost money over this?

2) how "hedging" in FX, which is not really true hedging at all, helps a person make more money or avoid losses?

3) why FIFO changes anything at all for PnL? Average cost is average cost, whether or not it get lumped into one position via FIFO or the trades are closed individually in a non-FIFO order

 

All hedging seemed to accomplish was to give bucket shops the ability to double roll people and steal more money.