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DealCancellation by easyMarkets
Участник с Jun 07, 2016
7 комментариев
Oct 11, 2016 at 18:40
Участник с Jun 07, 2016
7 комментариев
Hi everyone,
Does anybody have real expirience with using this new tool for cancelling new deals?
Regards
Does anybody have real expirience with using this new tool for cancelling new deals?
Regards
Участник с Feb 22, 2011
4862 комментариев
Oct 12, 2016 at 06:59
Участник с Feb 22, 2011
4862 комментариев
I have just discovered and tested quite unique feature.
As far as I know there is only one broker with such offer.
It is very simple, you open a trade and if turns against market you can close it WITHOUT loss.
It works like insurance. You pay small fee to secure yourself in case of disaster.
If you are interested find out more. https://record.partners.easymarkets.com/_D0mElSY_ZrRi-DaPcIu1xGNd7ZgqdRLk/1/
As far as I know there is only one broker with such offer.
It is very simple, you open a trade and if turns against market you can close it WITHOUT loss.
It works like insurance. You pay small fee to secure yourself in case of disaster.
If you are interested find out more. https://record.partners.easymarkets.com/_D0mElSY_ZrRi-DaPcIu1xGNd7ZgqdRLk/1/
Участник с Jun 07, 2016
7 комментариев
Oct 13, 2016 at 11:29
Участник с Jun 07, 2016
7 комментариев
So if I understand it correctly, I can open a long and short position at the same time, leverage it up by 100 times and once the fx spot changes by 50 pips I close both positions (within 1 hour ofcourse). With this I gain a 100% guarantee profit, if the cancellation fee is lower than the realized profit of the winning trade.
If this is true, than why is this trading suggested primarily for new fx traders? I mean, this way you can not loose. Where is the catch? Is the insurance fee then higher than the winning trade?
Tnx
If this is true, than why is this trading suggested primarily for new fx traders? I mean, this way you can not loose. Where is the catch? Is the insurance fee then higher than the winning trade?
Tnx
Участник с Oct 12, 2016
855 комментариев
Oct 13, 2016 at 12:58
Участник с Oct 12, 2016
855 комментариев
slahov posted:it might be just a new marketing trick from the broker to just get attention from a lot of trader to join them and after that they will change their terms for deal cancellation or simply will increase the fees to very high so that it will be useless to use that feature
So if I understand it correctly, I can open a long and short position at the same time, leverage it up by 100 times and once the fx spot changes by 50 pips I close both positions (within 1 hour ofcourse). With this I gain a 100% guarantee profit, if the cancellation fee is lower than the realized profit of the winning trade.
If this is true, than why is this trading suggested primarily for new fx traders? I mean, this way you can not loose. Where is the catch? Is the insurance fee then higher than the winning trade?
Tnx
Artificial General Intelligence
Участник с Oct 10, 2013
13 комментариев
Oct 13, 2016 at 13:41
Участник с Oct 10, 2013
13 комментариев
slahov posted:
So if I understand it correctly, I can open a long and short position at the same time, leverage it up by 100 times and once the fx spot changes by 50 pips I close both positions (within 1 hour ofcourse). With this I gain a 100% guarantee profit, if the cancellation fee is lower than the realized profit of the winning trade.
If this is true, than why is this trading suggested primarily for new fx traders? I mean, this way you can not loose. Where is the catch? Is the insurance fee then higher than the winning trade?
Tnx
You cannot hedge the 'same' currency pair and use this feature at the same time, that is the catch.
Участник с Jun 07, 2016
7 комментариев
Oct 13, 2016 at 14:50
Участник с Jun 07, 2016
7 комментариев
I did not see that written anywhere. Maybe in small print :).
What about opening both positions like long USD/JPY and EUR/USD, before the NFP report? Is that allowed?
What about opening both positions like long USD/JPY and EUR/USD, before the NFP report? Is that allowed?
Участник с Feb 22, 2011
4862 комментариев
Oct 13, 2016 at 17:02
Участник с Feb 22, 2011
4862 комментариев
slahov posted:
So if I understand it correctly, I can open a long and short position at the same time, leverage it up by 100 times and once the fx spot changes by 50 pips I close both positions (within 1 hour ofcourse). With this I gain a 100% guarantee profit, if the cancellation fee is lower than the realized profit of the winning trade.
If this is true, than why is this trading suggested primarily for new fx traders? I mean, this way you can not loose. Where is the catch? Is the insurance fee then higher than the winning trade?
Tnx
It depends how much the market moves.
Участник с Feb 22, 2011
4862 комментариев
Oct 13, 2016 at 17:03
Участник с Feb 22, 2011
4862 комментариев
slahov posted:
I did not see that written anywhere. Maybe in small print :).
What about opening both positions like long USD/JPY and EUR/USD, before the NFP report? Is that allowed?
Guys why dont you test it.
Open account https://record.partners.easymarkets.com/_D0mElSY_ZrRi-DaPcIu1xGNd7ZgqdRLk/1/
Deposit like $50 and play.
Участник с Feb 22, 2011
4862 комментариев
Oct 13, 2016 at 17:18
Участник с Feb 22, 2011
4862 комментариев
lexy1022 posted:slahov posted:
So if I understand it correctly, I can open a long and short position at the same time, leverage it up by 100 times and once the fx spot changes by 50 pips I close both positions (within 1 hour ofcourse). With this I gain a 100% guarantee profit, if the cancellation fee is lower than the realized profit of the winning trade.
If this is true, than why is this trading suggested primarily for new fx traders? I mean, this way you can not loose. Where is the catch? Is the insurance fee then higher than the winning trade?
Tnx
You cannot hedge the 'same' currency pair and use this feature at the same time, that is the catch.
You can. I did just try it.
Fee was $3.5 for 5000 EURUSD (one fee for long one for short)
Участник с Nov 14, 2015
325 комментариев
Oct 13, 2016 at 19:29
Участник с Nov 14, 2015
325 комментариев
Hmm, that is very interesting. Might give it a go with 1000$ for the next NFP. Fee doesn't seem to high either and might even work for less impact news.
Участник с Aug 26, 2014
26 комментариев
Oct 14, 2016 at 02:43
(отредактировано Oct 14, 2016 at 02:53)
Участник с Aug 26, 2014
26 комментариев
Interesting .
Участник с Oct 12, 2016
855 комментариев
Oct 14, 2016 at 06:24
Участник с Oct 12, 2016
855 комментариев
This deal cancellation feature actually looks very attractive on the surface the way it has been presented on the broker's website. If there is actually any catch that can be known only after trying it and trading it for sometime using this feature.
Artificial General Intelligence
Участник с Oct 12, 2016
855 комментариев
Oct 14, 2016 at 06:28
Участник с Oct 12, 2016
855 комментариев
The logic is very simple.
90% of the traders loose money in the market and hence, they will not send any deal cancellation orders to the inter-bank and hence, almost no risk of loss from their pocket.
In return, they will get huge amount commissions for each and every trade for both profitable and non profitable. So paying few profitable trades from that huge commissions will not be a big deal for them.
90% of the traders loose money in the market and hence, they will not send any deal cancellation orders to the inter-bank and hence, almost no risk of loss from their pocket.
In return, they will get huge amount commissions for each and every trade for both profitable and non profitable. So paying few profitable trades from that huge commissions will not be a big deal for them.
Artificial General Intelligence
Участник с Feb 22, 2011
4862 комментариев
Oct 17, 2016 at 05:48
Участник с Feb 22, 2011
4862 комментариев
leo23 posted:
The logic is very simple.
90% of the traders loose money in the market and hence, they will not send any deal cancellation orders to the inter-bank and hence, almost no risk of loss from their pocket.
In return, they will get huge amount commissions for each and every trade for both profitable and non profitable. So paying few profitable trades from that huge commissions will not be a big deal for them.
Basically any broker could do so...
Участник с Jun 07, 2016
7 комментариев
Oct 17, 2016 at 15:23
Участник с Jun 07, 2016
7 комментариев
OK. According to the Client Agreement you can not abuse hedging, so to go long and short the same currency pair at the same time, it is not allowed. Quote from this agreement:
Hedging in bad faith. Hedging is a strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, currencies, or securities. In effect, hedging in bad faith is the employment of various techniques but, basically taking equal and opposite positions in the same Financial Product or a Financial Product highly correlated at near the same time, indicating no interest in genuine trading. This can happen over a single account or over multiple accounts.
Hedging in bad faith. Hedging is a strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, currencies, or securities. In effect, hedging in bad faith is the employment of various techniques but, basically taking equal and opposite positions in the same Financial Product or a Financial Product highly correlated at near the same time, indicating no interest in genuine trading. This can happen over a single account or over multiple accounts.
Участник с Feb 22, 2011
4862 комментариев
Oct 17, 2016 at 17:07
Участник с Feb 22, 2011
4862 комментариев
slahov posted:
OK. According to the Client Agreement you can not abuse hedging, so to go long and short the same currency pair at the same time, it is not allowed. Quote from this agreement:
Hedging in bad faith. Hedging is a strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, currencies, or securities. In effect, hedging in bad faith is the employment of various techniques but, basically taking equal and opposite positions in the same Financial Product or a Financial Product highly correlated at near the same time, indicating no interest in genuine trading. This can happen over a single account or over multiple accounts.
I did open trades in both direction
I did protect them both
No prob so far
Участник с Jun 07, 2016
7 комментариев
Oct 18, 2016 at 06:46
Участник с Jun 07, 2016
7 комментариев
I think, if you will make a lot of money this way (especially on news trading), then they will start complicating :). Maybe even not payout profits.
Участник с Feb 22, 2011
4862 комментариев
Oct 18, 2016 at 15:11
Участник с Feb 22, 2011
4862 комментариев
slahov posted:
I think, if you will make a lot of money this way (especially on news trading), then they will start complicating :). Maybe even not payout profits.
Lets test it on NFP
Участник с Jun 07, 2016
7 комментариев
Oct 19, 2016 at 08:57
Участник с Jun 07, 2016
7 комментариев
I agree. I just opned an account with them and will try this with the bonus that you get at the begining. Than we shall see :)
Участник с Jan 25, 2016
38 комментариев
Oct 27, 2016 at 14:48
Участник с Jan 25, 2016
38 комментариев
Let us all know how it went after the NFP 😄 Marketing trick or not, it seems to be working well for the broker since I see people opening real accounts to test it.
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