DislikedI have opened two US demos to practice using the US accounts with this strategy since I will be forced to close UK accounts by the 18th.
I do not understand how FIFO helps me at all. I have good trades I would have to close before I can close any bad trades. I don't understand how "my method of accounting" fixes this???
The way I see it, I lose my earlier position that is basically risk free and away from any possible retracements. Closing that position forces me to another price that will get zapped by the slightest retracement. (God...Ignored
I agree that the 50:1 leverage sucks, but it's not the end of the world. My soon to be banned UK account was at 400:1, which means that a position that currently requires $25 in margin will become $200 on 10/18. That's a big difference when your account is only $1000. The only options are to reduce lot size or add more money to the account.
I know I'll sure sleep better at night knowing that the CFTC is looking out for my well being.
Kevin