New Regulations by the NFA on Forex Traders can be Legally Avoided

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 5, 2009 -- City of London, Date: 1st August 2009 — There is an answer to the new restrictive rules placed on traders by the NFA.

As of Monday the 3rd August 2009 The National Futures Association (NFA) new regulations come into effect. This is about FIFO (First in, first out), in other words, when a trader opens more than one position in the same currency (very important for hedging purposes), the trader must then close the positions in the order they were opened. If a trader opened a trade for in the EUR/USD currency for example, then continued to open other positions in the EUR/USD currency, that first position needs to be closed before any subsequent positions the trader opened are closed. Forex traders will no longer have the ability to selectively place stop-loss or limit orders on individual trades, nor will traders be able to modify or close trades from the “Open Positions” window.

There is an answer to this, the most obvious one being to use a broker outside the United States and therefore not regulated by the NFA. Sterling Traders Ltd use FXCM in the UK which is part of the FXCM group but licenced by the UK's FSA (Financial Services Authority). This permits Sterling Traders Ltd to trade as before, making maximum use of the market. “One of the main reason for selecting FXCM in the UK was for their high level of security, customer service and transparency but with the benefits of operating outside the US area of regulatory authority”, says Stephen Lord Harrison, CEO at Sterling Traders Ltd, a London based forex management company.

Managed Fund services are designed to appeal to clients that are looking for long term capital growth with a limited downside risk. Utilizing the latest currency trading technologies various trading companies that offer managed accounts are able to offer the highest quality of professional services while at the same time, remaining flexible and cost effective for its forex clients. According to Stephen Lord Harrison MBA “Our managed funds program was created by our own profitable, market tested professionals with an emphasis on risk management using appropriate stop loss and strict money management policies.”
Says Stephen Lord Harrison,” We at Sterling Traders Ltd have a very simple objective: to maximize capital growth whilst managing risks”.
Our managed accounts have more conservative money management rules, so we expect the returns to be between 60% and 120% per annum.”
For additional information contact the CEO, Stephen Lord Harrison MBA at:
admin@sterling-traders.com
Visit Sterling Traders Ltd at: www.sterling-traders.com

Sterling Traders Ltd is a privately held company, registered at Companies House in London, England, with additional offices in Spain and South america. The company was founded by Stephen Lord Harrison MBA who has more than two decades of international finance and business experience.

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