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07-27-2009, 11:17 AM
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Senior Member
Join Date: Nov 2007
Location: Victor, NY
Posts: 577
Thanks: 5
Thanked 4 times in 4 posts
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New NFA Rules w/ Forex
Hi -- I am interested in trying out NT with Forex trading. I currently use FXCM as a broker, but I dont' think they allow NT.
So I'm looking for another broker, most likely Forex.com. But I have a question about the new NFA FIFO rules that will take effect on Aug. 1. You will no longer be able to place limit or stop orders at US-based brokers. How will this affect NT? Will we still be able to use "ghost" stops or trailing stops that are not sent to the broker until the price is hit? Will the order management still work the same as it does now? Thanks! Bryan
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