Been away from Forex for a bit and it's been refreshing. I come back and discover this jewel of a thread :
http://www.forexfactory.com/showthread.php?t=245149
(hence forth described as the millipede method)
So I decided to stick my toe in the water. I reopened an account with FXCM Micro $500.00. I'm looking to test my entry methods using the millipede method. I know that I can't "hedge" the way he does and thats fine I can open two different accounts and do it that way.
However, I just discovered something else that is critical that i can't do. I can't place multiple trades in the same direction with different stops on the same pair.
This is of course because i'm in the US and with the new regulations coming out.
Is there any other US citizens that are trading the above method and can you tell me how youare doing it? With what broker?
Thanks,
Coastalfx
http://www.forexfactory.com/showthread.php?t=245149
(hence forth described as the millipede method)
So I decided to stick my toe in the water. I reopened an account with FXCM Micro $500.00. I'm looking to test my entry methods using the millipede method. I know that I can't "hedge" the way he does and thats fine I can open two different accounts and do it that way.
However, I just discovered something else that is critical that i can't do. I can't place multiple trades in the same direction with different stops on the same pair.
This is of course because i'm in the US and with the new regulations coming out.
Is there any other US citizens that are trading the above method and can you tell me how youare doing it? With what broker?
Thanks,
Coastalfx