Facing the New NFA Regulation

On July 31st, 2009 new NFA rules come into effect involving some important changes in the Forex industry. The main measures include hedging prohibition, stop and limit orders not allowed on open positions and a new FIFO (First In, First Out) policy. Some traders have expressed their concern about the rule, which will definitely impact their trading. John Putman explains what are exactly these new rules and why they aren't so dramatic as traders can even benefit from them