first in first out (FIFO)
A way of managing and valuing assets where those assets made or purchased first are consumed, sold or closed out first. After the NFA enacted rule 2-43(b) to eliminate Hedging, the first in first out (FIFO) method is now used by NFA regulated forex brokers to decide which positions in a forex trader's account are to be offset first.
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last in first out
first in first out (FIFO)
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