Good points, hanover. Your math is correct, too. I know that. As I said before, I hedge only for simplicity. As a programmer, you know it is much easier to base decisions on an open trades table than to keep track of closed trades. You can ignore ...

Proposal to phase out Hedging

quote=smittens4212;2717561 Yes, it's a valid argument. Eliminating hedging can screw things up for ticket-trading platforms (Metatrader brokers, and maybe a few others), and hedging may make things more simple than not doing so, depending on the ...

CFTC + NFA: End Of Hedging?

Is this a valid argument? It was done hedging. I know it could be done without hedging. But hedging was simpler. I use hedging just for this reason: simplicity. I pay my double swaps (there is no double spread) for simplicity. P.S.: hedging is ...

CFTC + NFA: End Of Hedging?

They are losing clients. People are moving funds away from NFA. I don't know if this is a significant move. But judging from how much hedging strategies can be profitable, I think it may be.

Proposed NFA Capital Requirement

Wiping out the effect of network errors looks fine. But I may click my mouse in error and I will not intend to blame that on anybody else. The retail trader is called too often to pay for others' errors... That doesn't seem fair to me. If NFA would ...

Proposed NFA Capital Requirement

The question was not for me but I have a strong reason to hedge (now a strong reason to trade very far from NFA brokers): Guess when I started a hedging strategy? I am sure you will guess right. I could have done the same by an equivalent ...

Proposed NFA Capital Requirement

Why should we poor retail traders pay for the errors generated by electronic systems (brokers, market makers, whoever else)? Their systems failed? They should take the loss. Authorities' true role should be to force them to swallow it.

Proposed NFA Capital Requirement

Yes, there are advances, but why do they still allow prices of executed orders be changed? Isn't it absurd?

Proposed NFA Capital Requirement

I think this qualifies as "in te traders favor", don't you? Does your overseas broker offer the same protection? Price Adjustments For orders executed after June 12, 2009, Compliance Rule 2-43(a) will prohibit an FDM from adjusting executed customer ...

Proposed NFA Capital Requirement

I suggest they throw this rule in the trash bin.

Proposed NFA Capital Requirement

I suggest everyone send complaints to NFA, besides posting. I have already done this. I sent to the contact email and two directors.

CFTC + NFA: End Of Hedging?

I never used more than 100:1. But again I think the decision should be left to the trader. Somewhere in the world, probably, there will always be some broker offering higher leverage. Though I have never used, I don't discard the possibility of ...

Proposed NFA Capital Requirement

Thank you pipmutt for the informational post about Refco's tricks. I started trading forex in 2006 (stocks in 1997). You are right. There are clear improvements in transparency and fairness. We are not in an ideal world. But I still think the hedge ...

Proposed NFA Capital Requirement

I would like to understand how allowing brokers to charge clients for market makers not honouring prices is a positive step in the trader's favor. Please forgive my ignorance, but wouldn't the decent rule be to block brokers and market makers from ...

Proposed NFA Capital Requirement

That is great news from FXDD. But I doubt they can hold it. They aren't NFA members but CFTC is authority, isn't it? Unfortunately, I believe if anybody sticks to not accepting regulators' nonsense, the only solution will be to trade elsewhere out ...

CFTC + NFA: End Of Hedging?

Brokers should act against this intrusion from NFA because they will lose clients. Who is NFA to tell traders how to trade? Jmho.

Proposed NFA Capital Requirement

quote=neshuti;2701526 (...) 3) Now regarding hedging, in the real world that is no such thing as hedging a position. I believe the NFA are trying to protect the client in this case, since clients although "hedged" will still get their postions ...

CFTC + NFA: End Of Hedging?

I have opened a classic account with Alpari-UK. Only problem is I am not sure yet if they allow 0.01 lots.

CFTC + NFA: End Of Hedging?

It is not so hard to live with the new rule: - if there is a trend, go with it or play the reversal; - if you see no trend, pick any side or stay out. I think I can even forget that anything has changed, lol. Good trading to all.

Technical Analysis Fallacy

No problem. I am flying away. But... will adapt to single sided trades too. I don't know if this change will spread overseas... Good trading to all.

Technical Analysis Fallacy