Insurance for losses?

cucurucu · #1 (**permalink**) 10-25-2006, 08:54 PM

Hi

I came across this link:
https://fxnet.efixonline.com/webpl/p...lish&SID=37016

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 · #2 (**permalink**) 10-26-2006, 12:24 AM

Quote:

Originally Posted by cucurucu

Hi

I came across this link:
https://fxnet.efixonline.com/webpl/p...lish&SID=37016

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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Forex Indicators Collection

YupYup · #3 (**permalink**) 10-26-2006, 12:36 AM

Quote:

Originally Posted by cucurucu

Hi

I came across this link:
https://fxnet.efixonline.com/webpl/p...lish&SID=37016

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 · #4 (**permalink**) 10-26-2006, 05:28 PM

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

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