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Trader Tried to Trick Me into Cancelling — Watch for Deceptive Counterparties
Yes, that's right. I didn't lose money, but the trader clearly tried to take advantage of me.
He attempted to trick me into pressing 'cancel order' so he could benefit from the situation.
I'm warning others to be cautious: document conversations, don't cancel orders under pressure, and report suspicious behavior to the platform.
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Analysis
No financial loss occurred, but the trader's attempt to induce a cancelled order suggests manipulative or predatory behavior. This raises counterparty risk and undermines trust—keep records and avoid ...
Recommendation
Do not cancel orders when pressured. Preserve screenshots and message logs, contact broker/platform support to report the incident, use reputable counterparties and protective order types, and conside...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
