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Thursday, 26 April 21:32 (GMT -05:00)



Foreign exchange market

Online Forums for FX Traders – Recourses to Leverage Your Trading or Another Way to Trick You into Losing Money?


As you probably know, there is no such thing as a free lunch. Most of us like this saying. But how do we apply it in real life? A good example is when we are offered to participate in a promo and get a chance to benefit from it in a certain way. Frankly speaking, each and every FX broker out there offers a certain kind of bonuses or promos to retail clients. Most of the time, you are offered a welcome bonus, deposit bonus, or even no-deposit deposit bonus. Should all of that be treated seriously?

 

 

 

 
If you hesitate or don’t know the answer, you can ask professionals. An independent online forum for traders and investors is the right place if you want to get some feedback about the Forex companies you want to start trading with. Also, you can ask for help, learn tons of valuable things about trading and everything related to it. You can also learn valuable lessons from others’ experience and even avoid serious pitfalls in FX trading awaiting you round the corner.
 
Promos and bonuses by various FX brokers represent one of the most urgent topics discussed on various forums all around the web. Whether you love them or hate them, whether you believe that you can benefit from them or think they are traps for unsuspecting traders, you still have to take those bonuses and promos into account.
 
Any person doubting them has at least 2 key questions to ask:
1. Do brokers hire people to leave positive feedback about them as well as their products and services on the Internet?
2. Do those bonuses and promos really improve the trading conditions?
 
The answer to the first question is fairly simple. Indeed, you can get paid for leaving positive feedback about certain brokers. More often than not, you don’t have to do anything extraordinary to get paid. The payment terms are usually plain and simple. Let’s take InstaForex as an example. By going to the local online forum, you can find tons of feedback while the company’s website contains the bonus terms and conditions. There you can get a 30% bonus for the local club members as well as 100% as a special bonus. They even offer you a 100% no-deposit bonus.
 
Saying that trading without bonuses is better than using bonuses in your trading is like denying the obvious, especially when it comes to no-deposit bonuses. You don’t have anything to lose anyway. However, you get a chance to make some money to use it as your starting capital. This is when we remind ourselves that there is no such thing as a free lunch and start thinking about the benefits the company gains when offering those no-deposit bonuses. Most likely, this is not a charity company.
 
Apparently, the company gives away money hoping to make even more money further down the road. How do they do that? Everything is simpler than it might seem at first. The whole point is, unlike most of the beginning traders out there dreaming about getting rich quick, the broker doesn’t rely on hypothetical opportunities. Instead, the company relies on true market conditions leading to certain results with a very high degree of probability. They know that most of the rookies applying for those bonuses actually lose them pretty fast as the result of gambling and unprofessional trading. That’s why most of the money given away goes back to the company over time.
And even if there is a guy or two capable of making consistent profits right off the bat, this is also good news for the company. To be more specific, the broker gets the very trader they have been looking for. As the trader gets more advanced and increases their trading volume, the broker makes much more money than invested. This leads us to believe that there is nothing wrong with bonuses in general. So, you better catch at the chance until it’s gone. However, you have to be really careful when choosing a broker to go with.
 

 

Anyway, to succeed in trading over the long term, you have to grow as a trader, to become more skilled and experienced, and to trade with a reliable broker. If you still have a hard time choosing a broker and get on the right track, feel free to join Masterforex-V Academy.

 

You are free to discuss this article here:   forum for traders and investors

 

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Experts Say, Iran’s Cryptocurrency Ban Won’t Affect BTC Rate

The central bank of Iran has banned cryptocurrencies. This decision was made on April 22nd. Apart from banning any cryptocurrency transactions in Iran, they also decided to ban any ads related to cryptocurrencies or blockchain. The reason is simple: cryptocurrencies may be used for money laundering, or sponsoring terrorism, or any other illegal activities. This is explained in the central bank’s official press release.

Publication date: 25 April 12:57 AM

World Bit Bank Names Crypto Bank’s Key Goal and Prospects

The world’s first crypto bank – The World Bit Bank (WBB) – has reported about obtaining two major licenses, which are going to lay the foundation for providing authorized cryptocurrency-related services.

Publication date: 24 April 09:45 AM

Trading Week Starts with Stronger Dollar and Cryptocurrencies and Weaker Gold

The last trading week of April started from the strengthening of the U.S. Dollar and cryptocurrencies and the weakening of gold. At this point, the USD index has gained up to 90,38 points (+0,07%).

Publication date: 23 April 11:52 AM

Backed by Alpari, Bicycle Expedition Conquers North Pole

For the first time in history, the northernmost point of our planet was conquered by a man on a bicycle, who is famous Russian adventurer Bogdan Bulytchev. For those of you who don’t know, he is a member of the Russian Geographical Society and the State Polar Academy.

Publication date: 21 April 12:23 PM

Roubini Names Blockchain Overhyped Technology

Famous economist Nouriel Roubini criticized the foundation of cryptocurrencies – the so-called blockchain technology. In his article for Project Syndicate, Mr. Roubini called blockchain the most overhyped technology ever.

Publication date: 20 April 04:08 AM

Bitcoin Gains Value: 2 Days in a Row. Over 10% a Day

Now it seems that the long-term retracement of the USD/BTC exchange rate seen over the first quarter of the year is gradually reversing back for the uptrend.

Publication date: 13 April 12:57 PM

Bitcoin Rate and US-China Trade War

The cryptocurrency market has been going down steadily for a while. According to CoinMarketCap, the Bitcoin exchange rate has been moving around 6800 USD/BTC. Ethereum, Ripple, Bitcoin Cash and Litecoin have been trading around 382, 0,49, 633, and 119 dollars per coin respectively.

Publication date: 06 April 10:02 AM

It’s the Day of Reckoning for Cryptocurrency Funds, Bloomberg Says

Bloomberg experts claim that the day of reckoning for cryptocurrency funds has finally come. Last year, when the world’s first digital currency (Bitcoin) went sky-high in mid-December and reached another all-time high at 20000 USD/BTC, over 150 funds specializing in cryptocurrencies emerged on the Internet. In 2017, their profits reached 1000%.

Publication date: 05 April 09:43 AM

Masterforex-V Expo Names World’s Best Forex Brokers For Beginners in March 2018

Each and every forex trader out there faces the same challenge at some point in their career. This challenge boils down to choosing the right forex broker. This holds especially true for beginners who are just getting their feet wet in the forex trading environment. This choice is fairly significant for all of them since their future trading performance will depend on that choice. The truth is, all of those forex companies may differ in a number of aspects, including the offered trading conditions.

Publication date: 04 April 12:01 AM

Bitcoin 2018: New Cryptocurrency Realities

In March, the BTC exchange rate dropped by almost 3000 dollars. Some experts predict a further downtrend in the near future, Market Leader reports.

Publication date: 28 March 06:22 AM