Have you heard of deal cancellation ?
Will it be beneficial for your trading or not?
Will it be beneficial for your trading or not?
atheer1
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DislikedDeal cancellation as I read about it is a measure that you can enable at the time when you open the trade for a fee............with an expire time(1 hour)........if the trade goes against you or hit your stop loss within this set of time you lose nothing if you close the trade or trade closed by your stop.............and if you close in profit fee will not apply.............margin returned to the account will be different due to different exchange rate..................I read that from one broker site.........you can google that........as I have...Ignored
Disliked{quote} Sure in effect you are just buying a put or call option with an hour expiry and the 'fee' is the premium. Not sure when you say "..and if you close in profit fee will not apply. .." is correct though. Its a smart thing to do. Institutions very rarely take outright positions and hence will almost always be hedged either in the options market or in a correlated market. The advantage of this over buying an option is that you do not need to do the volatility calculations ie how many options do you need to cover your position. The disadvantage...Ignored