NFA New Rules Hedge or not to hedge

New NFA rules (The Fifo one) is currently on action, effective as per Late 31st July 2009. So how was this should effect the trading system of ones trader? Just as if any other fifo rules (First In First Out) so that your trades should be closed as per opening time. The first one to open is the first one to close, you could not close the trades that you open last.

Another rumour to note, be ready when NFA launch it’s rule to limit the max leverage to 1:100 (bye-bye micro traders.. sniff..sniff)

Forex “Real account” contest – $5,000 prize!

Would you like to recieve $1,000 or $5,000 as a prize money? there are simple steps to participate on the contest held by Masterforex. The contest will be held on REAL accounts. So you practically need to open a live account at Masterforex by clicking here

The contest was divided into 2 categories :
1. For those deposited from $100 – $999
2. For those deposited from $1000 and above
For group 1, the first prize is $1,000 and for group 2 (deposited $1000 and above), the prize jumps to $5,000 for the 1st place winner

The judgement was based on a simple formula, so the traders should not consider that the biggest available funds will controls the wheels.

“Trade as you allways trade, not to pursue the prize”