NFA new rules make Forex trading a nightmare

[forexbody]

Last month hedging was prohibited and now FIFO rule will make trading Forex a nightmare specially for beginners, I know a couple of friends who lost money as they tried to open opposite trades as they used prior to the hedging rules, as they could not yet remember that the rule is in effect until few of their losing trades were closed as they hedged in a no hedge place. Now both moved to UK and they are happy getting back their trading freedom. I wonder how many traders have left to UK?

I strongly advice anyone using MetaTrader to migrate to his account to UK specially if his / her broker already has a UK branch.

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