We can earn lot of money in short period of time in trading only if we are skilled enough. But if you think I will make my account double or triple in weeks or months, you are having a gambling mindset. Your destruction is just a matter of time.
The regulated broker can be great to lead a secure and flexible trading life with certainly. But sometimes they don’t allow many kinds of trading techniques in particularly scalping that bring profit in a short time and this is a most usable trading policy in Fx trading.
I’ve read so many complaints from people trying to withdraw the funds they made with bonus money. People don’t read the terms & conditions most of the time for these sorts of things so it seems like a really good offer at first but usually is a lot more difficult to withdraw and everything. I do think there are legit brokers with good bonuses out there, but always avoid the too good to be true schemes. Bonuses are also a distraction for crappy brokers so that you don’t notice that they have bad terms. It’s easy to say that you want to open an account with a broker that has a bonus but in the end you’d probably do better with a no bonus broker that has lower costs.
The vast majority of brokers offer bonus system, because it stimulates traders to deposit money. In my opinion, such system isn't perfect but it of course depends on the broker. Not every broker offers clear system of bonuses, because some brokers make it confusing in order to confuse traders. Fortunately, there are not many brokers which offer such bonus system. The majority of them provides with clear system which really can be helpful sometimes. You have to learn the details of this system in order to understand how you can operate with it.
Casinos and bookies offer free bets and spins too. Check the T&Cs though and they specifically state they aren't for making money with. It's just a lure to get you in and using real money with them. Broker bonuses are much the same.
If you can't spot the liquidity then you are the liquidity.
Not all brokers offer bonuses. Generally speaking, dividends can only bear losses and cannot be withdrawn. The profitable part of the transaction can be withdrawn, and the rebate can be withdrawn at any time.
There are many good forex brokers that offer deposit bonuses but it’s better to read T&C before using it as some brokers also put restrictions on trading when you use a deposit bonus. Otherwise, a deposit bonus is a wonderful tool. I too have used it when I opened an account with Coinexx, faced no issues while trading or withdrawals.
bonus system is rather unclear to me. idk why, all the brokers I traded with provided me with the bonus system like 100% to the first deposit, but of course with dozens of 'clauses', like you have to trade a particular volume, you can't withdraw money which you have earned due to bonuses for a particular period or at all.
quite weird, but i know that many traders find bonus systems as a real miracle. well, it's their right, brokers try to attract traders with such systems actually, and professional traders less use the bonuses, because it's just a waste of time. But it's up to every traders and I can't judge a trader according to the fact whether he is trading with bonuses or not.
Try to select a broker by seeking advice from experts as the market is saturated with different types of brokers. There are several issues a trader needs to look for before choosing the right trading broker, including security, account types, and other facilities. So, make sure your broker incorporates all these facilities.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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