What changes with stops and limits on July 31st?
• If I use entry orders for stops and limits, is there a chance that both might be triggered? Yes. However, FXCM is introducing a new order type that will enable you to prevent this from happening. OCO (One Cancels the Other) entry orders, which will provide traders with the same functionality as they have been accustomed, except that they are not linked to any positions. Watch the video above to see how to manage your risk. The coverage on how to use OCO order beings after 6 minutes. FX Trading Station • Q. Do I need to download the platform again? A. No. Though there will be a prompt to upgrade your platform when you log in on August 2nd, 2009. • Q. What will happen with my existing positions? A. As stop-loss and limit orders will no longer be in compliance with US regulations, they will be removed from all FXCM LLC accounts after July 31st. If you choose to continue trading with FXCM LLC, you will need to place Entry Orders to manage your risk on any open positions. OCO entry orders
