Insurance for losses?

cucurucu 2006.10.25 17:54

I came across this link:

Can anyone tell me something about this?

I understand that traders can sign an agreement with this broker for insuring their losses.

It says: "You may pay a premium of 100 USD to 1,000 USD and trade up to 100 times of it in open positions at any given time."

...

"It allows you to limit your loss to maximum of the paid premium while having the Opportunity for Unlimited Profits."

Has anybody tried it?

Thank you.

prasxz 2006.10.25 21:24 #1

cucurucu:
Hi

I came across this link:

Can anyone tell me something about this?

I understand that traders can sign an agreement with this broker for insuring their losses.

It says: "You may pay a premium of 100 USD to 1,000 USD and trade up to 100 times of it in open positions at any given time."

...

"It allows you to limit your loss to maximum of the paid premium while having the Opportunity for Unlimited Profits."

Has anybody tried it?

Thank you.

I can't see your link "page can't be found"

Do you mean it's forex option trading ?

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YupYup 2006.10.25 21:36 #2

cucurucu:
Hi

I came across this link:

Can anyone tell me something about this?

I understand that traders can sign an agreement with this broker for insuring their losses.

It says: "You may pay a premium of 100 USD to 1,000 USD and trade up to 100 times of it in open positions at any given time."

...

"It allows you to limit your loss to maximum of the paid premium while having the Opportunity for Unlimited Profits."

Has anybody tried it?

Thank you.

Kinda just sounds like a fancy way of saying they offer leverage??!! I don't know...

jebigabre 2006.10.26 14:28 #3

I think they are just comlicating it wanting to say they offer 100:1 leverage, no?