Repeal FIFO / ('Hedging') Offsetting Rule for retail-level ForEx trading | Forex
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ForEx trading for US residents has been profoundly affected by a single rule, NFA 2-43(b) where Offset ('Hedging') transactions have been prohibited and First-In / First-Out (FIFO) trading restrictions were imposed. Many US residents began trading only through foreign brokers until this also was banned. These clients sought to continue trading with the freedoms still enjoyed by the rest of the world. Support has been expressed for a repeal of this rule and all are invited now to take action via the contact at the end of the video and thank you for visiting!
Comments
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In order to repair this, We have to convince the people who work less hours than we do and retire with better benefits than we have, without contributing a cent. They are called hypocrite politician, who decided to banned the 25 trillion dollar Forex market from us, and doesn't care about the 19 trillion dollar dept that they got us into.
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It was an interesting experience organizing the petition- it may be that encouraging direct response to the NFA will be the best choice as opposed to having time and threshold limits through the whitehouse.gov website...of the feedback received, only one actually questioned why one would want to use offsetting, slightly less than half expressed no confidence in either government or regulators or that they would respond by changing the rule, it was encouraging though that otherwise the majority of feedback was supportive. All are invited now to participate via the contact at the end of the video- Thanks for visiting!