For those of you who have not fully grasp what it means for you, it means that you will have to have more money to hold the same size positions that you have been holding.
If you have an open position with a 200:1 margin, that requires $500.00 to keep the position opened; when the new rule goes into effect, that same position will require you to have $1,000 to keep it opened.
If you don't have the required margin, your position will be liquidated by your broker, unless they have told you otherwise.
PLEASE CHECK all of your open positions to be sure that you are not in danger of being liquidated. If you are unsure, please call your broker to be sure that your open positions are going to stay safe. Thank you
This blog is not in anyway an enticement or solicitation to trade in the Forex Market. These tips are for informational purposes only and are not to be substituted for legal advice or council. I have written this blog in hopes that it will help you to avoid some of the terrifying pitfalls I had in the Forex Market before I learned better. I may be compensated for any ads that you click on “As an Amazon Associate I earn from qualifying purchases.”