We are going to discuss each of the 3 latest NFA Regulations, which could likely become detrimental to free ACM Forex trading. We will also provide tips and advice on how to circumvent these latest regulations, so that it does not interfere much with ACM Forex Traders. To get around these Reg’s with out much detail for now, you can obtain the new Forex Robot which takes in account the new NFA regulations , But be sure to read on to know what to spot and look for when shopping around for a FX robot or Forex System.
The 1st Regulation – the prevention of hedging. The new rules imply that you can not open a new position in the opposite direction of a position you have already opened. Its called “hedging”, and is typically valuable to traders. When a trader knows that his position is going against him, then the trader will “hedge”, i.e. he opens a position in opposite direction from position he has opened already, that way preventing further losses.When he sees that his original position is starting to “break out” or win, then he sells his hedging position, and gains with his original position. One way to get around this rule is to open an account with another Forex broker and use this account only Hedging only. Another tip, Not quite as good as the first is to grab a new position in the exact opposite direction on a different currency pair, that’s correlate closely with the original currency pair.
The 2nd Regulation prevents you from placing an order with both Stop Loss and Take Profit limits. This means that a position can not take profit limit and have a stop loss limit simultaneously. My advice is to simply place extra entry orders. Placing an entry order to sell below the price you entered the position protects you from further losses, and placing an entry order to sell above the price where you entered will lock in sure profits.
The 3rd Regulation FIFO (First In – First Out), which says that you can only close the first position you opened for the same currency pair. This is not to harsh however if you want to get around it, in order to prevent your latest position from showing a loss, you can execute the same as for Regulation 1. Always open a new position for the same currency pair, with your (“hedging”) broker. and you will have no problem in closing it first.
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