
07-05-2009, 10:56 PM
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Junior Member
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Join Date: Feb 2007
Posts: 20
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Quote:
Originally Posted by ramdas
Thanks for information. after reading GFT artical it apears that NFA do not say anything about not using SL and TP. they just want FIFO to follow.
GFT platform looks more smarter than other platforms.
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I might not know what I'm talking about, but I can see how FIFO and SL or TP will work side by side for GFT
Like if you opened one EUROUSD position with 100 pips SL and a 100 pips TP and then opened another one with a 10 pips SL and a 10 pips TP then the second position will be closed before the first one which is a violation of FIFO
so I think GFT is only able to keep SL and Tp because they are a dealing desk and the positions you see on your platform are only an indication of what's going on in there pool rather than being actual separate positions on the market like in the STP type ,
Besides GFT already only provides 100000 lots for standard accounts so they don't have to change a thing............I think that their being a dealing desk with 1lot trade size is why I didn't choose them
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