Just learn trading from a professional and forget about bonus of a thing, no proffesional trader will touch account of $10, this is just stress, i dont even accept account below some certain thousands for management. There is nothing you can learn using a $10 on foreign exchange, just use a demo account instead and develop your strategy then you can go live.
mdsh7864 posted: Time and again people who decide to try themselves at Forex think whether it is possible to start making money in the foreign exchange market without investments. After all, 80% of novice traders lose 100% of their first 2-3 deposits because they lack trading prudence, basic experience, knowledge, and/or a good strategy.
A no-deposit Forex bonus is the best solution. Almost all brokers offer some form of it, and it may have different names depending on the broker. Bonuses also differ in type, conditions, and size, but the bottom line is the same. For instance, a broker provides the trader with start-up funds for free. This is usually a small amount in the range of $5-10. Although new no-deposit Forex bonuses can sometimes reach $1,000 and even exceed that amount!
No deposit bonuses benefits No deposit Forex bonus is a strong tool that assists the broker to attract new clients. Therefore, it’s beneficial for everybody. With the right approach, trader can use this bonus to trigger his further trading activity.
The main advantages are obvious:
1.Forex trading without deposits; 2.chance to test yourself in trading; 3.chance to try out trading strategy; 4.real opportunity to earn.
No deposit Forex bonus types:
There are several types of no deposit Forex bonuses:
1. Sign-up bonus. The bonus funds are credited to the new clients, and the risks are equal to zero. To get reward a trader should only sign up.
2. Welcome-bonus. To get these bonus funds a client should verify personal data.
3. Conditional no deposit bonus. It’s the most common bonus type.
The no-deposit Forex bonus happens to be very handy as the trader immediately uses it to test the broker’s platform, etc. It is a win-win situation. That is one reason why in 2021 more and more brokers are offering increasingly attractive no-deposit bonuses. For more tips and information visit here. https://tradersunion.com/promotions/no-deposit-bonuses/
Good point but newbies need to know how often terms & conditions can make it difficult to withdraw bonus money. I see so many threads where people are confused as to why they cannot withdraw their profits because they didn't read the terms so they haven't traded the specified number of lots or some other reason. It's also notable that scammers sometimes draw in beginners with too good to be true offers when the reality is that their terms are awful. What's a $30 bonus good for if you're paying spreads that are three times the average with 7% fees on every withdrawal, for example.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.