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ilqarsadiqov200
Feb 16 2017 at 11:49
2 posts
hello.My name is Ilgar. I am from Azerbaijan. i have a few knowledge about forex trading. I saw in internet there are many brokers that offers promotions - deposit bonuses , rebate programs, cashback programs and so on. I have a 10000 usd capital in my electronic wallet. I want to start to trade with these promotions .After reading terms of these promotions i understand that to earn additional money from these promotions i must to trade a lot of time and in worst case trade to breakeven. Is there any breakeven forex strategy that opens many positions in a day and that i can use to trade with these promotions ? Or it is not worth to participate in those promotions ? Please give me advice.Thanks.

5astelija
Feb 16 2017 at 13:08
52 posts
Those promotions usually have a time limit for completing the required lots - creates you a psychological pressure to overtrade - you probably blow your 10k.
I'd say stay away from the promotion, and be very careful with such amount of money. Beginning traders almost ALWAYS wipe the account.

vontogr (togr)
Feb 16 2017 at 14:47
4862 posts
ilqarsadiqov200 posted:
hello.My name is Ilgar. I am from Azerbaijan. i have a few knowledge about forex trading. I saw in internet there are many brokers that offers promotions - deposit bonuses , rebate programs, cashback programs and so on. I have a 10000 usd capital in my electronic wallet. I want to start to trade with these promotions .After reading terms of these promotions i understand that to earn additional money from these promotions i must to trade a lot of time and in worst case trade to breakeven. Is there any breakeven forex strategy that opens many positions in a day and that i can use to trade with these promotions ? Or it is not worth to participate in those promotions ? Please give me advice.Thanks.


@ilqarsadiqov200
The brokers offering the bonus are not stupid. They made the right calculation and simply put the amount of lots you would need to trade for withdrawal is not possible to reach. At the end you will trade just to get the bonus and this will lead to loosing the account. It might be better for you to find system that will bring you decent profit/ 10k is fine to start and it can bring you about $1000 each month. Also please do your research and dont buy anything without discussing it with someone more experienced

Baldo (BaldoN)
Feb 20 2017 at 07:53
522 posts
togr posted:
ilqarsadiqov200 posted:
hello.My name is Ilgar. I am from Azerbaijan. i have a few knowledge about forex trading. I saw in internet there are many brokers that offers promotions - deposit bonuses , rebate programs, cashback programs and so on. I have a 10000 usd capital in my electronic wallet. I want to start to trade with these promotions .After reading terms of these promotions i understand that to earn additional money from these promotions i must to trade a lot of time and in worst case trade to breakeven. Is there any breakeven forex strategy that opens many positions in a day and that i can use to trade with these promotions ? Or it is not worth to participate in those promotions ? Please give me advice.Thanks.


@ilqarsadiqov200
The brokers offering the bonus are not stupid. They made the right calculation and simply put the amount of lots you would need to trade for withdrawal is not possible to reach. At the end you will trade just to get the bonus and this will lead to loosing the account. It might be better for you to find system that will bring you decent profit/ 10k is fine to start and it can bring you about $1000 each month. Also please do your research and dont buy anything without discussing it with someone more experienced


Hello,
I agree with vontogr@. Those bonuses are really tricky and the brokers offering them is aiming to attract you and then you will loose your money in attempts to cover their requirements for withdrawal the bonus.
There was a good period before, when brokers offering nice bonuses has been punished on very nice way :), but now most of them add with small letters that if you loose your money, they will cancel the bonus.
Bottom line: as an advise, do not open account with similar broker as they are 100% MM, or at least open a small account and set as a task for yourself to keep it at least the same and to get some experience. The rest will come with time :)

vontogr (togr)
Feb 20 2017 at 07:54
4862 posts
BaldoN posted:
togr posted:
ilqarsadiqov200 posted:
hello.My name is Ilgar. I am from Azerbaijan. i have a few knowledge about forex trading. I saw in internet there are many brokers that offers promotions - deposit bonuses , rebate programs, cashback programs and so on. I have a 10000 usd capital in my electronic wallet. I want to start to trade with these promotions .After reading terms of these promotions i understand that to earn additional money from these promotions i must to trade a lot of time and in worst case trade to breakeven. Is there any breakeven forex strategy that opens many positions in a day and that i can use to trade with these promotions ? Or it is not worth to participate in those promotions ? Please give me advice.Thanks.


@ilqarsadiqov200
The brokers offering the bonus are not stupid. They made the right calculation and simply put the amount of lots you would need to trade for withdrawal is not possible to reach. At the end you will trade just to get the bonus and this will lead to loosing the account. It might be better for you to find system that will bring you decent profit/ 10k is fine to start and it can bring you about $1000 each month. Also please do your research and dont buy anything without discussing it with someone more experienced


Hello,
I agree with vontogr@. Those bonuses are really tricky and the brokers offering them is aiming to attract you and then you will loose your money in attempts to cover their requirements for withdrawal the bonus.
There was a good period before, when brokers offering nice bonuses has been punished on very nice way :), but now most of them add with small letters that if you loose your money, they will cancel the bonus.
Bottom line: as an advise, do not open account with similar broker as they are 100% MM, or at least open a small account and set as a task for yourself to keep it at least the same and to get some experience. The rest will come with time :)


Opening small account sounds like good idea

AlbertoCo
Feb 20 2017 at 15:52
17 posts
I agree with the advices above. In my early steps in trading I used to get attracted by such bonus promotions and wiped my account completely, then the broker never accepts any liability in such cases. The broker is covered but you are not. So be careful as such flashy things are not as good as they seem.

Michael (pgfritz)
Feb 21 2017 at 07:45
8 posts
The offer sounds too good to be true, nothing comes this easy, nothing comes this perfect. The investment is very good and if it is well managed can bring good profits, you should only have the appropriate information and know how to invest, and be very careful with the scammers, that the trade is undermined.
Being sure where you are going in this business is the most important thing.

manolojuan
Feb 21 2017 at 08:11
3 posts
With respect to the above messages, trade can provide benefits by enabling countries to exploit their comparative advantages, achieve greater economies of scale, and ensure competition, a wider range of products and potentially more stable markets and prices. There is not a single nation that can be considered self-sufficient and does not need the competition and support to have more profit, but still have to be aware of what kind of promotions they use to market and not reach the end of the promotion and not get nothing



vontogr (togr)
Feb 21 2017 at 08:21
4862 posts
manolojuan posted:
With respect to the above messages, trade can provide benefits by enabling countries to exploit their comparative advantages, achieve greater economies of scale, and ensure competition, a wider range of products and potentially more stable markets and prices. There is not a single nation that can be considered self-sufficient and does not need the competition and support to have more profit, but still have to be aware of what kind of promotions they use to market and not reach the end of the promotion and not get nothing



while trade indeed brings prosperity to both counterparts
trading is something completely different as the opposite side will loose

Genar (gels4)
Feb 21 2017 at 15:39
10 posts

while trade indeed brings prosperity to both counterparts
trading is something completely different as the opposite side will loose


Of course, trading is based on speculation about the value of currencies, based on the exchange patterns of a country's currencies to make its decisions.
I believe that with the Forex market (and politics) it can lead a country to bankruptcy ...

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