DealCancellation by easyMarkets
Member Since Feb 22, 2011
4862 posts
Oct 27, 2016 at 15:12
I have small account with them
https://record.partners.easymarkets.com/_D0mElSY_ZrRi-DaPcIu1xGNd7ZgqdRLk/1/
but I made already 30% profit.
https://record.partners.easymarkets.com/_D0mElSY_ZrRi-DaPcIu1xGNd7ZgqdRLk/1/
but I made already 30% profit.
Nov 02, 2016 at 14:37
I jus tested it a bit. I see two main flaws here:
1. You pay the fee in any case (if the trade goes your way or against you)
2. The fee goes quite high if volatility increases.
So to be profitable in that 1 hour the move has to be significant.
1. You pay the fee in any case (if the trade goes your way or against you)
2. The fee goes quite high if volatility increases.
So to be profitable in that 1 hour the move has to be significant.
Member Since Aug 07, 2013
7 posts
Apr 02, 2017 at 07:27
leo23 posted:How does your logic work Deal cancellation pays you back for your LOSING trade. If 90% of trades are losing trades they will be refunding 90% of trades.
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.
Member Since Aug 07, 2013
7 posts
Apr 02, 2017 at 07:28
slahov posted:
I jus tested it a bit. I see two main flaws here:
1. You pay the fee in any case (if the trade goes your way or against you)
2. The fee goes quite high if volatility increases.
So to be profitable in that 1 hour the move has to be significant.
So the fee for the refund of your losing trade could be the same or more of the loss you had made at the time of cancellation?
Member Since Aug 07, 2013
7 posts
Apr 02, 2017 at 07:28
lexy1022 posted:It is not a catch. it is to stop you cheating the system. Slahov was straight onto how to cheat it, lol. However, I think it is a scam, never the less.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.
Member Since Aug 07, 2013
7 posts
Apr 02, 2017 at 07:29
stian posted:Did you try it? I would think the fee would end up being more than the loss insured.
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.
Member Since Feb 22, 2011
4862 posts
Apr 03, 2017 at 06:50
EventHorizon posted:stian posted:Did you try it? I would think the fee would end up being more than the loss insured.
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.
Nope the fee is quite fine, you can still make profit with it.
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