I wanted a bonus from Avatrade but according to their promotion.
It says, you need to trade 10,000 base instrument for every $1 bonus.
1,000,000 base instrument need for $100.
Joined Jun 2014
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Status: Day Trader
|670 Posts|Invisible
standard lot is 100k base instrument.
So - if you want your bonus ten thousand dollars on you fifty thousand deposit - In a year, you need to open 2 ten lot sized positions every week (or 20 standard lots every week for 50 weeks).
if you don't do your maths, the maths will do you.
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
Ignored
The first currency in the pair is the 'base currency'. The second one is the 'quote currency'.
You probably know that the value of 10,000 GBP/USD is 10,000 GBP. The value of 10,000 NZD/USD is 10,000 NZD.
In this case both would release $1 of your bonus, despite the double value and double margin requirement of the GBP compared to the NZD.
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
Ignored
Try to avoid any bonuses your broker offers, their purpose is to withhold your deposit in trading account and force you to open trades as much as possible. The risk of unlocking bonus (trading out certain volume requirement) is much more than just earning it regularly from your own deposited money.
Be careful!
{quote} The first currency in the pair is the 'base currency'. The second one is the 'quote currency'. You probably know that the value of 10,000 GBP/USD is 10,000 GBP. The value of 10,000 NZD/USD is 10,000 NZD. In this case both would release $1 of your bonus, despite the double value and double margin requirement of the GBP compared to the NZD.
Ignored
I was also wondering the meaning of "base instrument." Thanks for the detailed explanation.
I wanted a bonus from Avatrade but according to their promotion. It says, you need to trade 10,000 base instrument for every $1 bonus. 1,000,000 base instrument need for $100. But what is base instrument?
Ignored
For example, take the EUR/USD. To get a $ 1 bonus you need to trade size is 0.1 lot.
