Trading by EA and Cashback from ForexRebate.me
As you know, when trading in the Forex market, when making any transaction by a trader, profitable or unprofitable, the broker earns a profit in the amount of the spread, which is indicated by trading conditions.
Almost all traders know what is the spread, perhaps, except for deep beginners. But newcomers, in the future, will be able to understand the structure and elements of trade. However, knowing about the spread, many traders do not use the opportunity to get it back. Therefore, ForexRebate.me service aims to tell and show to as many traders as possible the opportunity to get additional profit by returning a spread or commission paid to brokers when opening orders at Forex market. Of course, at the same time our service is not altruistic and earns itself, receiving a percentage of the broker`s spread returned to trader.
What is the main principle of growth of cashback? This is an increase in the number and volume of trade lots. The more a trader makes trades (orders), the more he will receive additional income as a cashback. It is easy to guess that manual trading cannot be compared with trading an advisor in terms of the number of transactions opened. Many market professionals note that traders who trade within the day by using scalp advisers have a good chance to increase their income by using a spread rebate from the broker.
Consider this for an example. Let's say you are trading as a trader with a broker who is a partner of the ForexRebate.me service. Cashback from this broker is $10 per lot. You trade with EA which makes about 20 deals a day, the average volume of the deal is 0.1 lot. It is easy to calculate that the cashback for a day with such trading will be $20. For a month, this amount grows to $400. Now even if you get a drawdown with such a trade, it will be compensated by the return of the spread. Well, with profitable trade you will have an additional good profit.
It can be concluded that the rebate allows the trader to earn where previously only lost money, or at least put up with high risks.
ForexRebate.Me team wishes you success in trading!
As you know, when trading in the Forex market, when making any transaction by a trader, profitable or unprofitable, the broker earns a profit in the amount of the spread, which is indicated by trading conditions.
Almost all traders know what is the spread, perhaps, except for deep beginners. But newcomers, in the future, will be able to understand the structure and elements of trade. However, knowing about the spread, many traders do not use the opportunity to get it back. Therefore, ForexRebate.me service aims to tell and show to as many traders as possible the opportunity to get additional profit by returning a spread or commission paid to brokers when opening orders at Forex market. Of course, at the same time our service is not altruistic and earns itself, receiving a percentage of the broker`s spread returned to trader.
What is the main principle of growth of cashback? This is an increase in the number and volume of trade lots. The more a trader makes trades (orders), the more he will receive additional income as a cashback. It is easy to guess that manual trading cannot be compared with trading an advisor in terms of the number of transactions opened. Many market professionals note that traders who trade within the day by using scalp advisers have a good chance to increase their income by using a spread rebate from the broker.
Consider this for an example. Let's say you are trading as a trader with a broker who is a partner of the ForexRebate.me service. Cashback from this broker is $10 per lot. You trade with EA which makes about 20 deals a day, the average volume of the deal is 0.1 lot. It is easy to calculate that the cashback for a day with such trading will be $20. For a month, this amount grows to $400. Now even if you get a drawdown with such a trade, it will be compensated by the return of the spread. Well, with profitable trade you will have an additional good profit.
It can be concluded that the rebate allows the trader to earn where previously only lost money, or at least put up with high risks.
ForexRebate.Me team wishes you success in trading!