By using AvaProtect TM, traders can get trading insurance that can protect their accounts from losses. The mechanism is, if the trader experiences a trading loss within the specified time period, the funds will be returned directly to the account.
Through AvaProtect TM, broker AvaTrade offers the convenience of " Limited loss with unlimited profit ". Traders can limit the losses that occur and still have the opportunity to get unlimited profits.
How to Use AvaProtect TM Tools
In order to enjoy the features of AvaProtect TM, traders must first download AvaTrade GO which is available on Google Play and the App Store . Next, perform the following steps:
1. Enter the AvaTrade Username and password
2. Select the investment instrument to be transacted
4. Determine the Buy/Sell Value
5. Set the lot size, then click AvaProtect TM. There will be shown the cost and duration of the desired transaction protection insurance.
Illustration:
The trader sells 0.01 EURUSD, the required insurance costs 2.23 USD for 6 hours of protection. During these 6 hours, if the trader suffers a loss, AvaTrade will return the loss after the protection period ends. With a note: the trader must close the order in that time frame.
Each AvaProtect TM contract has a fixed protection period that can be ed manually (hourly or daily), so traders have complete control over the term of the AvaProtect contract.
In addition, the AvaProtect TM Premium is based on the potential volatility of the underlying position during the contract period. The premium offered by AvaTrade varies according to the size of the trade and the protection period chosen by the trader.
Apply AvaProtect TM when executing your next trade and enjoy peace of mind during the protection period. For more information about AvaTrade, visit the review here .