Cancellation of loss-making trades by dealCancellation

In the fast-paced world of trading, the fear of losses and unpredictable market movements may scare many traders。It is in this regard that the industry-leading tool dealCancellation comes into play, acting as a safety net and providing traders with an extra sense of security.。

Using dealCancellation

What is DealCancellation?？

DealCancellation is an innovative feature launched by easyMarkets to alleviate some of the uncertainty faced by traders.。Essentially, if you find that the market is moving against you, it gives you the power to reverse your trading decision。

Imagine a time machine that allows you to go back and undo a specific operation-this is what dealCancellation provides, but only within a set time frame。Whether you give yourself one hour, three hours or six hours, if the market situation is unfavorable, you can cancel the order, thereby reducing potential losses。

Advantages of using dealCancellation

Trade major events with confidence:

Many brokers raise margin or temporarily stop trading during major market events。But with dealCancellation, traders can confidently engage in trading on large economic calendar events without fear。

To ease the anxiety of trading:

Making trades, especially big ones, can be daunting。DealCancellation allows traders to reverse losing trades for a small fee, helping to reduce the associated stress。

Take advantage of bigger deals:

If you've been hesitant to make a bigger deal due to concerns about potential losses, dealCancellation can help you。With its time window function, it is easier to make and change decisions based on market trends。

Take advantage of market volatility:

Volatility is a double-edged sword。While it can amplify losses, it also provides an opportunity to make a profit。With the help of dealCancellation, traders can now use these situations to their advantage instead of avoiding volatile situations。

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Step-by-step instructions: How to use dealCancellation

1. Activation: When opening a transaction, click on the shield icon。This will activate dealCancellation。Depending on your risk appetite, choose the duration: 1, 3 or 6 hours。
2. Monitoring: To determine which trades have dealCancellation activated, go to the Open Trades Report。Transactions with a shield icon are protected by this feature。
3. Cancelled: Lost trades found within set time？Just click "cancel"。

Try dealCancellation

Learn more about common issues with dealCancellation

• Exchange rate impact: It is important to understand that due to fluctuations in exchange rates, the amount at risk, once restored to the base currency of the trading account, may vary when the transaction is cancelled or closed。
• Profit and dealCancellation: If a trade that activates dealCancellation is profitable, the trade cannot be cancelled。However, there is still an option to close positions for profit。
• Impact of stop loss: If a trade with dealCancellation activated reaches a stop loss before the trader cancels the trade, the risk amount of the trade will be refunded to the trading account。
• Scenario after cancellation: When a trade is cancelled within the dealCancellation range, the loss amount (risk amount) will be returned to the trader's account。
• Modify open trades: Note that dealCancellation cannot be added to closed trades。It must be set up during the initial setup of the transaction。

Go to EasyMarkets official website

easyMarkets: a tradition of innovation

Since its inception in 2001, easyMarkets has been at the forefront of providing customers with groundbreaking products, tools and services.。They integrate the wonders of today's Bitcoin, enabling customers to deposit, trade and withdraw Bitcoin without relying on traditional exchanges or converting funds into fiat currency.。This feature allows users to both hold Bitcoin and actively trade with it。

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SUMMARY

With features like dealCancellation, trading platforms like EasyMarkets are reshaping the way individuals perceive and engage in trading。These tools not only provide a safety net, but also enable traders to take bold action, explore the volatility of the market, and potentially reap great rewards.。

For those still on the sidelines, easyMarkets Ease also offers a comprehensive demo account that allows both novices and professionals to familiarize themselves with the platform's features without risking real capital.。

As the official online trading partner of Real Madrid, easyMarkets has won the praise and trust of many customers and regulators to continue to lead the way, reflecting the future of trading in today's digital age.。

Trading Forex with easyMarkets

Frequently Asked Questions about dealCancellation

What is DealCancellation?？

dealCancellation is a unique feature provided by easyMarkets Ease Trading Platform, allowing traders to cancel transactions and recover investment amounts within a specified expiration time (1, 3 or 6 hours)。This provides an opportunity to reduce losses, especially if market conditions are unfavorable。

How to enable dealCancellation for my transactions？

When you want to open a trade, simply click on the dealCancellation shield icon。Then, select the desired duration (1, 3 or 6 hours) for which you want the feature to be active。The feature will be applied to your transactions and you will be able to view their status under the Open Trades Report。

Can I cancel a profitable deal with dealCancellation?？

No.。Transactions with dealCancellation function activation cannot be cancelled for profit。However, you can close the position and realize any profit you make。

What happens if my trade reaches a stop loss before I decide to cancel？

This feature ensures that your trading risk amount is returned to your trading account to protect you from losses if a trade covered by dealCancellation hits a stop loss。

Is there a charge for using dealCancellation？

Yes, fees will be charged based on recent market volatility。The fee is calculated based on the actual volatility of the product. When you enable this feature on the trade order, the fee will be clearly displayed。

Which trading products allow me to use dealCancellation？

DealCancellation can be applied to a variety of day trading products, including currency, gold, silver and oil。However, the transaction cancellation icon on the transaction slip must be checked to ensure that it applies to the specific product you are interested in。

How to view the remaining time of open trades dealCancellation？

Trades with a valid dealCancellation will be listed under the My Open Trades tab, with an icon for dealCancellation next to it。By clicking on the close button of the transaction, a pop-up window will show the time remaining for dealCancellation。

Are there any notable terms or conditions related to dealCancellation？

A few points to keep in mind are: The cost of dealCancellation is non-refundable。dealCancellation can only be added when the transaction is first established, and cannot be added to an already opened transaction。dealCancellation cannot be updated or modified once it has expired or been exercised。If a trade covered by dealCancellation is closed with a negative profit or loss for any reason, the loss will be covered and the trade will be closed with zero loss。