Abundance Trading Group Rebates and Discounts

Wow nice there! Congrats to you master
Are they giving the gift specifically to clients that traded quite big volume?

Haha no I don't think so. They send it to every client as a thank you for trading with them in the past year.

New tool released!

Forex economic news calendar - Check it out

Hi Everyone,

I have updated the list of rebate offerings, please have a look. You will also find the list on page 1, first post

Our rebates and deep commission discounts

IC Markets $1.50 True ECN, 8% cTrader - click to sign up for the rebate, click here to visit our website. Rebates are paid via direct commission discount. Rebate is activated as soon as your account is opened

Pepperstone - $0.8 edge, $0.9 cTrader, 0.4pips standard - click to sign up for the rebate, click here to visit our website. Rebates are paid directly into your trading account daily. Rebate is activated as soon as your account is opened

Global Prime - $1.50 commission discount - click to sign up for the rebate, click here to visit our website. Rebates are paid via direct commission discount, your commission rate is reduced to $5.50 from 7. Rebate is activated as soon as your account is opened

Axitrader - $1.50 commission discount PRO accounts - click to sign up for the rebate, click here to visit our website. Rebates are paid via direct commission discount, your commission rate is reduced to $5.50 from 7. Rebate is activated as soon as your account is opened

Tickmill (FSA) - 5% commission discount ECN PRO & VIP accounts - click to sign up for the rebate, click here to visit our website. Rebates are paid via direct commission discount. Rebate is activated as soon as your account is opened

Tickmill UK(formed via agreement with cashbackforex) $7.75 classic, $1.55 + 5% discount pro, $1.55 VIP - click to sign up for the rebate. Rebate is activated as soon as your account is opened

HotForex (via agreement with cashbackforex) $4 micro, premium, auto, $3 FIX, $1.50 zero spread, $1 PAMM premium / premium plus - click to sign up for the rebate. Rebate is activated as soon as your account is opened

InstaForex (via cashbackforex), up to 3.46pips ($34.6) for all accounts - click to sign up for the rebate. Rebate is activated as soon as your account is opened

FXDD(Malta) (via agreement with cashbackforex) - 0.7pips MT4, swordfish, mirror trader, $1 MTX extreme, $5 per million, power trader currenex, viking currenex, 25% commissions paid, ECN. click to sign up for the rebate. Rebate is activated as soon as your account is opened

RoboForex (via agreement with cashbackforex) - 16% of spread, fix-cent, fix-standard, pro-cent, pro-standard, ECN-fix, 16% of paid commission ECN pro, 20% of the spread, Fix-affiliate, Pro-affiliate, 20% of paid commissions ECN Pro-affiliate, 12% of paid commissions RoboForex Stocks. Click to sign up for the rebate. Rebate is activated as soon as your account is opened


Contact me

Email [email protected] or via skype: iwillsurvive100, or facebook message (live chat)

Read my latest experience with withdrawing via IC Markets & PayPal, and read the cheapest way to withdraw from IC Markets

http://www.abundancetradinggroup.com...arkets-paypal/

What is negative balance protection? This may be a time bomb waiting to explode I wrote, one month before the swiss franc crash.

Read about negative balance protection here: http://www.abundancetradinggroup.com...tection-forex/

What is negative balance protection in Forex?

Since the advent of the swiss franc crash in Jan 2015, the phrase 'negative balance protection' has become popular in the retail Forex markets.
In this article, we're going to talk about what is negative balance protection, the upsides and the downsides to it.
But first, let me me share with you how you can protect yourself from another swiss franc crash.

"This may be a time bomb waiting to explode" - I wrote, one month before the crash.

1. You should check the fundamentals of the currency pair you are trading
2. Avoid trading pegged currencies, if you want to be 99% safe from such crashes

I go into more detail in the article above, but the background was that the swiss national bank was trying to devalue it's currency to 0.833 Francs to 1 Euro or less (EURCHF 1.2 floor), because too much capital was flowing into the country and the swiss franc was appreciating more than they deemed necessary.

The ECB then made things difficult

However, the ECB soon launched its version of devaluation. They needed to make the Euro cheaper to prop up Europe's Ailing economy and combat low inflation. So the two central banks were directly competing against each other to print more money. One would have to give way.

When it did, it gave way in a very violent manner that left a lot of traders caught on the wrong side with negative balances, because their stops were not filled. Some brokers went bankrupt too, but the signs of turmoil were there a two months prior, when I wrote, "Many brokers have already reduced their leverage on this currency pair to a max of 50:1 because of their expectations of massive volatility"

I think this also highlights the importance of choosing brokers with segregated accounts because in the event of insolvency, your money is safe. - As is the case for Alpari UK

What is negative balance protection?

It means that your account balance never goes below zero.

But how does my account balance go below zero in the first place?

Usually it doesn't, because the broker has safeguards in place, (such as a margin call). But when a very violent move happens in the currency markets, the broker's safeguards or your stop loss might not be able to close your trade in time. This is because of the sheer speed of the move.

Thus, price may have moved way beyond your stop loss or margin call close out level, causing the loss to be much larger than expected.

If this loss exceeds the size of your account balance, that is when you will have a negative balance in your account.

Pros and Cons of negative balance protection


This is where negative balance protection comes in. The broker is able to 'forgive your negative balance'. He allows your account to start from zero again.
"But wait, how is my broker able to 'forgive my negative balance?'"

In order to forgive your negative balance, your broker must do be either two things:

1. Be very magnanimous.
2. Or the more likely scenario is that he is taking the other side of your trade. i.e. B-booking you. I explain in depth what is A book and B book in that article, and highlight some of the A book and B book brokers.

In short, B book means the your broker does not send your trades to the real market. He takes the other side of it. For example, if you buy EURUSD at 1.1, the broker will sell it to you at 1.1. Since 90% of Forex traders lose money, it is profitable for the broker to take the other side of the trade. The fundamental problem is that there is a conflict of interest.

So at the end of the day, the choice is yours. Personally, I would prefer a conflict of interest free trading environment. But I have traded with both types of brokers before, and as long as they don't mess with your trades (i.e. give you slippage, or delay execution of your trades), I am satisfied.

Our latest automated trading guide:

Always wanted to build an EA that would trade Pin bar candlestick patterns? We show you how. Free EA download at the end.

http://www.abundancetradinggroup.com/pin-bar-ea/

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Build your own Pin Bar EA without coding - using EA Lab

http://www.abundancetradinggroup.com...ithout-coding/

What is my MT4 platform time zone?

We explain how to find your MT4 time zone (press Ctrl + M) and explain why it is usually GMT +3 (To avoid the sunday candle)

https://www.abundancetradinggroup.co...mt4-time-zone/

What are swap points in metatrader 4 and cTrader and why without it there would be an arbitrage opportunity?

https://www.abundancetradinggroup.co...rader-ctrader/

We published our Ultimate Forex Trading Guide of 2022!

Quick summary:
1. Buy currencies with higher expected inflows and sell currencies with higher expected outflows
2. Check positioning to see it is not at extremes yet.

What causes higher inflows and outflows?

1. Change in expected Economic Growth (GDP)
2. Interest rate differentials
3. Expected change in interest rate differentials
4. Change in inflation (which potentially leads to higher interest rates to keep inflation under control)

How to check positioning?

1. Use myfxbook COT data to see positioning isn't at extremes.

Putting it all together. What drives each individual currency?

1. AUD - China's PMI data (proxy for economic activity/growth)
2. CAD - Oil prices
3. Gold - Real interest rates (data on "real interest rates" available on tradingview.com)
4. US Dollar - somewhat inversely related to economic growth
5. Emerging Markets - Depreciates when US interest rates rise (if the emerging market country has US dollar debt), depreciates when oil prices rise (if country is net importer of oil (India)

https://www.abundancetradinggroup.co...urrency-pairs/