The Forex Noob

I just received this from one of the brokers I have a demo account with. Does it disturb anyone?

The NFA HAS ANNOUNCED A NEW RULE REGARDING FOREX ORDERS; the CFTC has approved NFA Compliance Rule 2-43 regarding Forex orders. The new rule will prohibit customers from carrying offsetting positions in the same account a practice referred to as hedging. The new rule requires an FDM(Forex Dealer Member) to offset positions in a customer account on a first-in, first-out basis, thereby prohibiting hedging. A customer may, however, direct the FDM to offset same-size transactions even if there are older transactions of a different size. The rule is effective for all positions established after May 15, 2009. Hedged positions that were established prior to the effective date do not have to be liquidated, but once either position is closed out after May 15, it may not be reestablished as a hedge.

For more information, click the link below.

http://www.nfa.futures.org/news/newsNotice.asp?ArticleID=2273

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