No more hedging with IBFX

Beginner Questions
1

hey guys I got this email from ibfx and wanted to share it with you. Apparantly the NFA is regulating some more :frowning:

Dear Customers:

Interbank FX, along with all FCM’s, has received information from the NFA that we wanted to pass along to our customers. All registered FCM’s have received a new Compliance Rule 2-43 regarding forex trading. On May 15, 2009, forex customers will no longer be allowed open “hedged” positions in their accounts. Please see an excerpt from the new NFA rule below. If you are currently using Hedging as a trading strategy, we would encourage you to use the Interbank FX Demo accounts over the next month to help modify your trading strategy. Also, for those of you who utilize hedging strategy with your “Expert Advisors”, we would encourage you modify your code and test your advisor on the Interbank FX Demo servers as well. In order to assure a smooth transition for our customers to the new NFA Compliance Rule, Interbank FX has set May 8, 2009 as the last date that customers will be able to Hedge open positions.

Interbank FX is committed to providing our customers with superb tools, real time news and analytics to help you to be a successful trader. Please do not hesitate to contact one of our customer service professionals if you have any questions.

Best regards,

Todd B. Crosland
Chairman and President

2

Old news mate. I posted about that days ago. :smiley:

Also wrote about it on my blog. The comments on both sides have been quite intense.

3

Rhody. -

I didn’t realize you have a blog; how do I access it? I believe the mods are ok with posting blog addresses but you can PM if you wish. Thanks, d.

4

My blog is at www.theessentialsoftrading.com/Blog

5

old news for you …

Old news mate

6

if hedging is your style i suppose you could just open 2 accounts and trade long and short respectivly but it doesnt do anything for ea’s

only my thoughts. i suppose some regulation isnt a bad thing just not to much and perhaps hegin now will only be done by trading the correlations between pairs.