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Hello traders,do you know any broker who allow hedging for more than a day?
I have been hedging for some time during the day. last week I decided to hold a long and a short position(hedging) on EUR/USD for more than a day or a week,but that day by 4:30 pm est time, my broker close both positions ,as a result I lost money. I contacted them but no convincing answer. my questions. why do they do not allow hedging for more than a day? what do they lose? they are non dealing desk so I supposed they do not care if I lose or win, they only get the spread of every trade I make.I find hedging very profitable, minimize risk, and very easy to trade.Can you please comment about HEDGING.
over 2 years ago
Best Answer - Chosen by Asker
Well, the new National Futures Association rules do not allow 'hedging' anymore. According to the NFA, the economic benefit of such strategy is minimal at best since hedging effectively cancels out both transactions. This "strategy" makes it impossible to profit while letting you pay more in terms of spreads, roll-over interests, and other carrying charges.
over 2 years ago
Answers (1)
I strongly agree with Forexgump. However, there are still a number of brokers out there. Check out the link below.
over 2 years ago
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