STAY SAFE: MANAGE YOUR RISKS
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AvaTrade’s new AvaProtect tool is proving to be a beneficial innovation. Technological advances are always welcome, but in what is turning out to be a tumultuous year one that is focused on risk management will be particularly useful.
The AvaProtect project was rolled out at the end of January 2020, just as the COVID storm clouds gathered. It will be interesting to see the firm’s data on client take-up during Q1.
How does AvaProtect work?
This unique risk management feature allows you to protect a specific trade against losses of up to $1m. You have to choose over which time frame, and there is a fee to pay, explained by AvaTrade as “a modest hedging cost paid at the time of purchase.”
The new product is designed to support mobile trading and the desktop trading application, AvaTrade WebTrader. The App is free to download in Android or iOS format and setting it up takes only moments to do.
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