Comments on: How to Get Around FIFO and Hedging Forex Trades With a US Broker https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/ Discover Your Grail Trading Strategy Wed, 30 Jul 2025 07:34:43 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Hugh Kimura https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-40923 Tue, 08 Oct 2019 20:43:41 +0000 http://www.tradingheroes.com/?p=7424#comment-40923 In reply to Jim.

In order to be a legal broker in the US, a company has to be registered. In order to be registered, they have to adhere to the FIFO rules…thus it’s a law for brokers to implement FIFO. There is some leeway in the exact implementation of FIFO, but a broker operating in the US has to follow FIFO execution.

]]> By: Jim https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-40794 Mon, 30 Sep 2019 19:26:36 +0000 http://www.tradingheroes.com/?p=7424#comment-40794 FIFO is NOT US law! It’s just a set of rules that the National Futures Association requires if a broker wants to be in their group. Different forex brokers will each meet the rules. However, some will add additional rules to their FIFO standards, that favor the broker’s bottom line. Compare brokers. You’ll find that each has slightly different FIFO rules.

]]> By: Hugh Kimura https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-39994 Wed, 11 Sep 2019 17:38:36 +0000 http://www.tradingheroes.com/?p=7424#comment-39994 In reply to kenneth moorhouse.

I’m working with it, but I don’t have it figured out yet.

]]> By: kenneth moorhouse https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-39961 Mon, 09 Sep 2019 03:31:37 +0000 http://www.tradingheroes.com/?p=7424#comment-39961 Do you know how to use the Oanda api ?

Oanda needs to add cryptos.

]]> By: Hugh Kimura https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-39836 Wed, 28 Aug 2019 11:59:43 +0000 http://www.tradingheroes.com/?p=7424#comment-39836 In reply to Ivan.

You have to try out the broker in demo first, some blend the trades.

]]> By: Ivan https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-39788 Fri, 23 Aug 2019 16:57:13 +0000 http://www.tradingheroes.com/?p=7424#comment-39788 Hi Hugh
Thanks for the article. Is it possible to hedge using 2 accounts with any broker, one a/c for long and another for short?

]]> By: Hugh Kimura https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-39477 Mon, 22 Jul 2019 20:49:06 +0000 http://www.tradingheroes.com/?p=7424#comment-39477 In reply to Jai.

Thanks, not really anything different than what I show in the video.

]]> By: Jai https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-39476 Mon, 22 Jul 2019 18:42:10 +0000 http://www.tradingheroes.com/?p=7424#comment-39476 Starting 08/16/2019 fifo applies to trades that include Tale Profits/Stop loss TOO. the only way naow is to enter different sizes.

]]> By: Hugh Kimura https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-37862 Sun, 03 Mar 2019 02:14:58 +0000 http://www.tradingheroes.com/?p=7424#comment-37862 In reply to Kathy.

Good point, thanks!

]]> By: Kathy https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-37844 Mon, 25 Feb 2019 04:48:44 +0000 http://www.tradingheroes.com/?p=7424#comment-37844 I also use Oanda and I have their app as well as Meta trader. I do use them both and sometimes I have trades going together and sometimes opposite. I look at both accounts on a separate basis. Another way around the FIFO on Oanda is to set your take profit. It will cash out regardless of the order.

]]> By: Hugh Kimura https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-37663 Wed, 05 Dec 2018 02:13:58 +0000 http://www.tradingheroes.com/?p=7424#comment-37663 In reply to Richard.

We all have 3 options here:

1. Get mad and do nothing about it.
2. Get mad and fight the government.
3. Use that time and energy to make more money.

I opt for #3.

]]> By: Richard https://www.tradingheroes.com/get-around-fifo-and-hedging-us-broker/#comment-37659 Mon, 03 Dec 2018 23:19:50 +0000 http://www.tradingheroes.com/?p=7424#comment-37659 Thanks for the article. Unfortunately, I think you do us all a disservice when you placate the regulators by parroting their absurd justifications for their egregious rules.

Please don’t echo their ‘reasons’ without at least referring to them as ‘so called’ or or supposed.

The regulators aren’t dumb. They don’t make huge mistakes like FIFO and no-hedging. They clearly instituted them for a reason. Clearly NOT the reasons they claim. When folks like you don’t at least suggest a problem you give the regulators more power to maintain these backward rules and possibly create new ones in the future.

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