How Any Business Or Individual Can use Blogging For More Exposure And Gain An Instant 'PHD...
Soaps Comedies Reality Talk Crime Medical Cartoons Kids Late Night and More. 80's Hts 90's...
![cssbody=[dvbdy] cssheader=[dvhdr] header=[Click here to visit this website] body=[]](http://snipermart.com/images/bg8g87efqu.jpg)
The orders that have been effected are: Conflicting Orders (For those you that like to straddle the market or use orders to bracket the market) Stop Loss Orders (To Limit Your Losses or Risk in a given Trade) Limit Orders (To Exit You Out Of Your Position When Your Target Is Hit) Some brokers have removed these order types, some still have them (but for how much longer, who knows) and many have moved their ENTIRE client base overseas! (NOT something you want to do for reasons explained below) And as a trader, a quick fix or a partial work around just wont' cut it.
How does this affect you? With no standard for the new trading execution rules between brokers, you simply don't know how rel....
it's your money at risk, and while you may be with a broker that is still allowing these order types, there is no telling how much longer they will be around.
Trading is a tough enough game as it is, and to be profitable you need to grab hold absolutely every edge you can get.
and they may literally dissapear overnight.
NOT a risk any trader should have to take.
While some brokers are scrambling to offer a patchy work around, and may go as far as even providing a temporary a solution, there is absolutely no consistency, or any form of a centralized order platform in the forex market whatsoever.
As of August 1st 2009 the NFA's new FIFO ruling has taken away ALL US based brokers abilities to place essential orders that you MUST have as a trader if you are to succeed.