Forex | Forex Basics | FIRST IN FIRST OUT (FIFO) (30/06/2009 08:12:07)

FIRST IN FIRST OUT (FIFO)

NFA Rule 2-43(b) The NFA recently enacted Rule 2-43(b) which effectively eliminates hedging by forcing brokers to close trades on a First In First Out (FIFO) basis. The NFA has added clarification to the rule, stating that customers can instruct their broker to off-set like sized positions. Some traders have expressed concern that the rule will negatively impact their trading outside of the obvious limitation on hedging. The position of the author is, FIFO will add a layer of complexity but


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