Many broker provides huge bonuses for new accounts. Is it possible to take advantage?
Idea: Open two $ 1000 accounts. Got $500 bonus money.
Now we open two hedged trades. And on one account, we lose $1000 and $500 bonus, on the other one we gain $1000 ( real money) and $500 ( REAL MONEY).
Why this won't work: Broker has several limitations: time limit you should trade for a particular period of time and volume limit, you should trade particular lots to make your bonus available.
Plan: To complete requirements make hedged trades for 10 pips. In a random direction. You have 50% to win and 50% to lose so balance on both accounts should remain equal.
For me this sound good, but I have a feeling that I forgot about something. Some underwater stones.
Suggestions?
Josef
Idea: Open two $ 1000 accounts. Got $500 bonus money.
Now we open two hedged trades. And on one account, we lose $1000 and $500 bonus, on the other one we gain $1000 ( real money) and $500 ( REAL MONEY).
Why this won't work: Broker has several limitations: time limit you should trade for a particular period of time and volume limit, you should trade particular lots to make your bonus available.
Plan: To complete requirements make hedged trades for 10 pips. In a random direction. You have 50% to win and 50% to lose so balance on both accounts should remain equal.
For me this sound good, but I have a feeling that I forgot about something. Some underwater stones.
Suggestions?
Josef