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FAQs

How do I cancel my trading pit subscription? ›

To exercise your right of revocation, you must inform us (THE TRADING PIT Challenge GmbH, Heiligkreuz 6, 9490 Vaduz, Phone: +432379000 , e-mail: support@thetradingpit.com) by means of a clear statement (e.g. a letter sent by post or an e-mail) of your decision to withdraw from this contract.

The pit is an area of a stock exchange reserved for traders buying and selling securities. Brokers in the pit buy and sell securities using the open outcry system, which combines vocal cues and hand signals. Electronic trading platforms have entirely replaced trading pits at most exchanges.

The firm partners with two brokers: FXFlat and GBE Brokers, committing to providing diverse trading platforms. Traders have access to a variety of platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for CFDs, as well as specialized platforms like Quantower and Bookmap for Futures.

The Trading Pit is a Futures, and Forex prop firm, located in Liechtenstein. It was founded in 2021.

Go to the company's website and sign into your account. Find billing, account, or subscription management settings and look for the cancellation option. Click the Cancel button and follow the provided steps to confirm the cancellation. Look out for the cancellation confirmation email.

To increase your chances of profitability, you want to trade when you have the potential to make 3 times more than you are risking. If you give yourself a 3:1 reward-to-risk ratio, you have a significantly greater chance of ending up profitable in the long run.

However, data shows us that over 95% of Indian traders are prone to losing money in the markets. A vast majority of traders also tend to stop trading within 1 to 3 years.

Glossary Terms » Pit Trading. Trading conducted within the normal hours of the NYMEX inside the open outcry pits. Pit hours are generally 9:45 a.m. to 3:10 p.m. ET for most contracts. With the advent of overnight or after hours trading on the ACCESS automated system, it has become necessary to identify pit trading.

In an exclusive interview with David Kimberley from TradeInformer, Illimar Mattus, the founder of The Trading Pit, came from a small Estonian village to become a significant figure in the global financial industry.

What broker do pro day traders use? ›

Interactive Brokers, known as IBKR by the cool kids, is a top pick for day traders. It offers a suite of award-winning trading platforms for desktop and mobile. There are options for every level of trader, from beginner to professional. You can trade in more than 150 markets worldwide.

China. As per the world import export data, China is the world's largest trading nation, with a total import-export value of $4.6 trillion in 2020. China is known for its large-scale manufacturing industries and exports a wide range of products, including electronics, machinery, textiles, and chemicals.

Our headquarters are located in Liechtenstein. We also have offices in Spain and Cyprus along with team members helping expand our business in countries such as Brazil, Portugal, Italy, Germany, Vietnam, Malaysia, Russia, Poland, China and MENA region.

The top 10 global trade countries include China, United States, Japan, Germany, South Korea, Netherlands, Hong Kong, France, Italy, and the United Kingdom.

Under the "Account and Billing" tab, you'll see the details of your subscription plan. Look for the option to "Cancel Auto-Renewal" and click on it. The system will guide you through the cancellation process. Follow the prompts and confirm your decision to cancel your subscription.

Then choose Settings, and click the Plans tab. Scroll down to find the Market Data subscriptions section, which will display your current subscriptions. There is an option to Cancel Renewal in this section: After confirming your cancellation, the subscriptions will not renew at the end of the current calendar month.