Forex trading without deposit
There are a lot of reviews about Forex trading, some believe that it is an absolute scam, others boast of earning millions, but you can figure out where the truth is only by trying to trade on your own.
At the same time, it is not at all necessary to have a large initial capital; if you wish, you can earn money on Forex without a deposit, that is, practically from scratch.
Forex trading without a deposit involves choosing one of the options - receiving a no-deposit bonus (a small amount, but immediately), participating in ongoing tournaments (large prizes, but you will have to work hard) or attracting an investor.
You should not think that working with other people’s money is much easier; additional psychological pressure always occurs when trading with an investor’s money, and finding such an investor is not easy.
1. Receiving a no deposit bonus – usually the bonus is only a few dollars, the amount ranges from 5 to 30 dollars. But with the right skill and luck, you can increase your deposit several times.
Quite simple arithmetic, the main thing is to give 100% profit every month. An excellent incentive to learn and work on Forex, there are also special strategies designed to accelerate a deposit that allow you to get up to 1000% profit per month.
Some foreign companies provide larger amounts of up to $50 for Forex trading without a deposit, but the terminals of these brokers do not always support the Russian language, and no one will allow you to immediately withdraw the funds received.
Read about who provides such bonuses here - http://time-forex.com/bonusy-forex
In addition, at any time you can receive up to an additional 120% bonus to the money you have; to do this, you just need to change the dealing center.
2. Participation in competitions - provides an opportunity not only to learn how to trade Forex, but also to win from 10 to 5,000 dollars in one competition; these funds can be used in real trading on the currency exchange, and sometimes withdrawn from the brokerage company. Winning is quite difficult, but besides winning, the process itself is also interesting, so why not test your strength.
It is advisable to start with the shortest competitions, they can last only a few hours or days, and only then move on to longer options. In addition, participation in no-deposit competitions helps beginners cool down their ardor and avoid losing a large amount in real trading.
Competitions are held by all major brokers - http://time-forex.com/vsebrokery/krupneyshie-brokery-forex
In addition, winning tournaments will bring you fame, which will help you attract investments for further trading or make money by consulting novice traders.
3. Investments – this option is more suitable for a trader who already has successful trading experience, since in order to attract an investor you need to provide evidence of your ability to trade and generate stable profits.
And you are unlikely to be pleased to lose an investor’s deposit of several thousand dollars, and then blush for your actions. Also, an investor is more likely to come to an account where there is already a substantial amount of funds, and it is unlikely that anyone will be impressed by even the most successful history of trading for a year on a 100 dollar deposit.
If you know how to conduct profitable trading, then trading on Forex without a deposit will allow you to make a decent fortune, so first of all learn to trade, and only then look for huge initial capital.
You can also learn on a demo account, where you independently set the size of the deposit in virtual money, regardless of whether you have replenished a real account with a brokerage company.
4. Sales - you can sell everything here, from hand-written scripts to signals for other traders through the trading platform. However, no deposit is required either.
As you can see, making money on Forex without a deposit is more than possible; your contribution will be the time and effort spent, which will turn into very real money.