How – Getting A Forex Bonus When Starting Trading

April 24, 2014 by  
Filed under Automated Forex Trading

Forex trading definitely sounds interesting and lures a lot of people to make money in this trade. However, before one starts to trade, there are a few points about forex one needs to keep in mind.

Firstly, make sure that the broker is preferably a registered broker and get to know as much as possible about the broker and the terms and conditions. Attractive statements such as “100% guarantee on profits”, Trade with zero losses” and the like are not meant to be trusted always. There could be strings attached. So it is always a better idea to get a thorough knowledge about forex first. This may require some training and if there is a course to be undertaken, it could be very useful. Forex trading along with a written plan and regular updates according to market conditions and economic news works wonders and one can easily see the growth with time and experience. Analyze the trade yourself and set your expectations beforehand. Be prepared for any ups and downs that might come along and always remember that it is not a get-rich-quick scheme. Have patience and rewards might be all yours.

Getting started with forex trading brings several types of bonus and there are a number of ways to get the forex bonus. Different brokers offer different type of bonus and its worth knowing what they are. Let us get to know what they are.

New customers get a sign up bonus the first time they deposit money. This is mainly to give them a boost in the account balance and give them the confidence to move along the journey and open their first positions. Some brokers offer a forex broker bonus around some special forex events so that the traders can benefit before the market actually becomes volatile during these times. Then there is a no deposit bonus for which one simply needs to sign up for a real account and does not need any initial deposits. This type of bonus attracts the beginners in the trade. Trading bonus is offered to traders who are active in the business and depends on their trading volume and helps in keeping them in the business in the long run. Apart from these there are special drawings and crazy incentives depending on the transactions in the trade.

There are many ways to get a forex bonus. When one is a newbie, it is advisable to contact the representatives of the broker or the personal managers to know more about bonuses being offered at the time. Initially the deposit or the sign up bonus works best for the traders as it helps in increasing their account balance.

If one is interested in getting more forex bonuses then one can open up a Silver, Gold or VIP account as these account holders sometimes are entitled to no deposit bonuses. Moreover, these bonuses can be beneficial in the long run as they can help in enlarging the trading circle.
The most important thing to remember is to keep a track of the regular updates to know what one’s broker is offering and always keep discussing the business with friends in the trade as its always better to learn from everyone’s experiences.

Chetan Bhawani is a forex company adviser. Learn more about forex bonus and tips on how to earn forex bonuses with no deposit, to get a kickstart in the forex business.

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