I am a new trader who has come up with a trading strategy to go short and long on a forex on the weekend before the market closes. Besically me and my friend have 2 accounts so one of us would go short and one would go long at the same time just few seconds thr market closes, using 400 to 1 leverage we hope that on monday when the market opens it would go - or + above 0.27% and thats how we make our profit, the policy of this broker is no negative account balance so we are protected, i just wanted to know is this against most brokers policy? thank you for your help.
Is this trading strategy illegal or against some brokers policy?
- Thread starter tysonmoch123
- Start date
Well since you understand him better than me, is this a valid trading strategy?
He's trying to default and stiff his broker, ala the big Swiss move and resulting wipeouts. You might get away with it, but not for big amounts.
Yes in the same currency pair,
besically the leverage required is only 0.25 so if thr market moves more then that i make a gain if it opens less then that then i only lose the spread plus the roll over fee.
all i wanted to know was weather this would be considered Hedging.
thanks for your help
besically the leverage required is only 0.25 so if thr market moves more then that i make a gain if it opens less then that then i only lose the spread plus the roll over fee.
all i wanted to know was weather this would be considered Hedging.
thanks for your help
I have tried this for the past 3 weeks and have made a total profit of 15k, i am just scared to cashout as the broker checks everything before releasing the funds.