Most people around the globe know and use only one way of investing: they open bank deposits, trying to save their money from inflation. Amid crisis and stagnation, most banks sharply cut their deposit interest rates, thus disappointing their clients.
Is there a real, more beneficial alternative to bank deposits for Forex traders and investors?
Alternative To Bank Deposits
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, against the background of declining deposit interest rates, riskier assets have become more popular with investors: stocks, futures, options, commodities like gold and crude oil, stock indexes etc. These days the mentioned assets are especially risky, though more profitable.
Some Forex brokers offer their clients a beneficial alternative: they accrue substantial annual dividends on their clients’ deposits (the interest is much higher than the one offered by most banks). In particular, TeleTRADE (a member of the Ultimate League of Masterforex-V Academy’s rating of Forex brokers ) has officially announced a new bonus for its clients: +2% a month (or+24% a year) for active clients, with the monthly-withdrawal option!
Is this real?Are such deposits as reliable as bank deposits? Obviously, this is a heavy burden for the broking company. Market Leader decided to interview TeleTRADE representatives to learn more about the tempting offer.
TeleTRADE: 24% yield on client’s deposit is real
According to TeleTRADE representatives, the interest rates offered by banks and brokers cannot be compared as these institutions do different types of business. This is the factor that can explain why TeleTRADE can offer such a substantial annual yield. The 24% yield is some kind of reward for the company’s most active clients. This is a win-win situation. Active traders allow TeleTRADE to generate more profits. In its turn, TeleTRADE rewards active traders, thus stimulating them to continue trading this way. Active trading is the key condition for receiving the 24% annual bonus. If you stick to strict money management rules (not more than 2% of trading capital per trade), you secure you capital against major losses and simultaneously meet the requirements to get the 24% dividend. Therefore, as a successful trader, you get both active and passive income!
The overall 24% yield is paid on a monthly basis (2% a month), thus securing active traders’ money against inflation. Moreover, the interest will accrue not on the initial deposit but on the funds left at the end of each month. So successful traders, who make stable profits on a monthly basis, will get even more substantial bonus in absolute terms. TeleTRADE introduced the offer more than 2 years ago. Since then, thousands of traders and investors from 20 countries around the globe have appreciated TeleTRADE for this generous reward.
The last question remains: Are brokers as reliable as banks?
TeleTRADE: are you sure that banks are more reliable than Forex brokers?
There are different kinds of brokers. There are reliable and time-tested big-scale brokers with dozens and even hundreds of offices around the globe. They have major licenses and a long history of successful cooperation with their clients. Alternatively, there are unreliable, “one-day” brokers. They die within a year or two.
TeleTRADE is one of the world’s major Forex brokers. It has been in the industry for 17 years and has offices in 135 cities around the globe. We are not going to persuade you that TeleTRADE is more reliable than banks. Just look at the pace at which numerous banks around the world keep going bankrupt. The conclusion will become obvious.
According to Eugene Olkhovsky, the thesis about the super-reliability of banks is one of the biggest contemporary myths.
Banks keep bursting like soap bubbles and making lots of investors go broke. Bank deposits become riskier only to provide you with low yields, which can hardly cover inflation.
Against this background, TeleTRADE seems to have found a good niche in the industry. Now it becomes clear, why wise investors prefer investment funds and other financial institutions to banks. These days brokers are a better option for active traders and investors than banks.
Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
What is your attitude towards TeleTRADE ’s 24% bonus?
Yesterday, on May 22nd, Ben Bernanke held a speech in the US Congress. This time, the Congress considered the possibility of curtailing the existing QE program prematurely because the programs seemed to have given positive results.
These days, anyone can make money trading Forex and other financial markets. The opportunities are almost endless. Still most traders still lose in the long run. While some lack experience and skills, others fall prey to emotions or fail to stick to sound money management. There are many reasons for losses. Few people actually make money in the long run because they treat trading seriously like a full-time job and work hard to achieve their goals. They use technical and fundamental analyses and strictly observe money management rules. They use various tricks and techniques to put the odds in their favor.
Apparently, beginners have difficulty trading financial markets without knowledge, skills and experience. Becoming a professional trader requires diligence, patience and time.
However, today’s Forex industry offers riskless moneymaking opportunities, which require no trading skills. You can make money without trading Forex. One of such opportunities is offered by FBS, a major Forex broker. The broker claims to offer “The most profitable and efficient IB Program on Forex”…
Yesterday, on May 21st, was a notable day for the eurozone. The Euro Parliament approved the Euro Group’s idea to use major deposits over €100 000 in emergency situations to save a risky bank. Deposits under €100 000 are ensured by the compensation scheme.
Most beginning traders are sure that it is possible to trade Forex profitably and easily. They usually assume that perfunctory knowledge is enough to make money in financial markets in general and Forex in particular. Alas, they are wrong. Obviously, it is possible to trade Forex profitable. However, it cannot be done without specific knowledge, skills and experience.
This delusion is the main reason why they lose in the long run. As a result, most of those losing beginners get disappointed at Forex and abandon the idea of becoming a winning trader forever. Some of them even start call it a scam or fraud. Some of them put the blame on brokers while others refer to bad luck.
Essentially, Forex has nothing to do with scams. Apparently, you may come across some dirty broking companies but that has nothing to do with Forex itself. Besides, such scammers can easily be avoided by following a few simple rules. However, this is another story (Masterforex-V Academy told us many times how to choose a reliable broker).
Today, on May 20th, Forex started a new trading week. There have been no radical changes in the market of EURUSD so far. The previous bearish move was elongated by some 200 points. The price keeps developing the ABC pattern of wave level Daily. The move hasn’t reached any of the given targets so far.
It seems like more and more experts feel bearish on the near-term prospects of the common European currency. Some of them say that EURUSD may even drop down to 1,15 in late 2013. If this is the case, this will be the lowest level in 10 years.