New NFA Regulation


What do the new NFA Regulations mean for you?

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
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2 comments:

  1. AnonymousNovember 20, 2009 at 4:23 AM

    Now Barnie Frank is trying to get a legislation passed that will force Forex to deal with a central broker. If it passes (which so far is unlikely thankfully) it will most likely cost us quite a bit more to trade. I urge everyone to watch the news closely and if this bill gains traction call, write and e-mail your representatives to voice your concern.

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  2. AnonymousNovember 21, 2009 at 5:17 PM

    I guess they are going to start telling people how much they can risk in Vegas????????? The government, the government, the government. When will it all end?????????. I think as traders we should be able to decide what we do with our money. We have earned it, so we should have the right to decide how we want to use it.

    What the government should do is to make forex companies give better explanations of what margins and leverage is. My first forex company, Forex.com. I asked my broker and she could tell me nothing. Either she didn't have an idea or she was just deceitful. Most traders are purposely kept in the dark by their broker on a host of things, especially with those false news commentaries, but the government hasn't done anything about that.

    What is going to happen is that people are going to start moving their account to foreign brokers, which is what I plan to do.

    It is like this FIFO regulation is that to help or hurt the trader? No hedging. The NFA has helped traders enough!!!!!!!!

    IT IS MY MONEY, AS AN ADULT I SHOULD BE ABLE TO DECIDE HOW I WANT TO SPEND IT !!!!!!!

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