One of the biggest and most popular US FDM's, Oanda, have never offered buying and selling of one currency pair simultaneously on the same account and they're doing just fine, with some of the tightest spreads (and interestingly lowest leverage) in ...

Please recommend me a non-USA hedging MT4 broker

Absolutely! A mass exodus to escape NFA jurisdiction doesn't make it sound like they're exactly bosom buddies somehow! Ah but that's probably just part of the cover-up, they're really in each others pockets out to bankrupt forex traders! I can't ...

CFTC + NFA: End Of Hedging?

lol you know what, I think you're right, I'll give up gracefully! What made me smile was this image I got of some poor NFA exec's secretary reading hundreds of emails from disgruntled FF 'traders' protesting the injustice of the new rules! Now if ...

CFTC + NFA: End Of Hedging?

OMG Talk about overreaction, anyone would think NFA was forcing you to trade forex! All they're trying to do is make it just that little bit more equitable for you, and heaven knows reading some of these posts it sounds like a few of you need ...

CFTC + NFA: End Of Hedging?

You're making a joke, right? I mean that's not a serious question surely!

Proposal to phase out NFA

I can't argue with that, you make a very good point. It seems NFA have gone from one extreme (by up until now allowing marketmakers a free hand to do pretty much whatever they like) to the other extreme (making them honour every fill regardless), it ...

Proposal to phase out NFA

Compare the two and you'll soon see NFA are doing a whole lot more than the FSA that's for sure! How can you call prohibiting non-STP brokers from reversing profitable trades not 'beneficial to forex traders' or not 'real protection', it's an ...

Proposal to phase out NFA

I'm doing the opposite, moving from an FSA regulated broker to an NFA regulated one! 'Hedging' by having opposite positions on the same pair isn't financially beneficial, I can't think of one professional trader who does it. FIFO doesn't make any ...

Proposal to phase out NFA

I agree with you up to a point but I think NFA are walking a fine line, it's difficult to get a good balance between protecting clients and nursemaiding them. Having opposite positions on the same pair as they point out has no financial benefit, but ...

Proposed NFA Capital Requirement

In an ideal world you would be right, prices quoted and executed on should be honoured by all parties, however it's not a perfect world and bad ticks or erroneous data can't always be filtered out. Up until now FDM's have had a free rein to adjust ...

Proposed NFA Capital Requirement

What are you talking about, of course it doesn't ban stops! Systems and software could still revolve around individual tickets if they really needed to, buys and sells could still be executed at specified prices set on individual tickets, the only ...

Proposed NFA Capital Requirement

Quit before you lose any more of your savings (if you have any left), and cut up your credit cards to save temptation! I'm serious. From what you wrote in your post you have more chance of flying to the moon than consistently making any money ...

Anyone blown his account before?

That's a great description, "dancing with the market" There are a couple of threads on that subject here and here which may be useful although I've never really bothered as I don't think it can be all that accurate.

Risk Analysis

It works for you and you're happy with that style, that's what is important in my opinion. I've found many traders have more of a problem taking a loss not so much taking a profit, just don't fall into that trap whatever you do otherwise as you know ...

Risk Analysis

I think some of you guys are restricted too much by the more traditional trading wisdoms and mantra written in books, there's nothing wrong with thinking outside the box. There are all sorts of things to take into consideration when assessing the ...

Risk Analysis

Not necessarily.....think logically grasshopper Don't worry, the penny will drop when it's ready....

The Penny Drops

You're right, it can be the most lonely, frustrating game in the world but it does have it's compensations! It's when I read something like "Sell @ 1.3363 SL 1.3315 TP 1.3180" and no-one even seems to notice, that's the time I simply have to ...

The Penny Drops

birdt got it about right, "take anything that anyone says on these forums with a pinch of salt", and when you're able to separate (or even recognize) the wheat from the chaff then you'll know you're getting somewhere! The thing about (trading) ...

The Penny Drops

Among other things the realization that ~99% of stuff posted on trading forums is basically misguided nonsense! No offence to the people who have posted replies here but this thread is a classic example. Everyone is at a different point on the ...

The Penny Drops

Wait, don't tell me, another "1-2 yards a day" trader Toooooooo funny! I love you guys, I'm always assured of a good laugh any time I visit here... C'ya, happy trading!

Spreads poll