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Sunday, 21 January 18:34 (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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Muslims Are Forbidden to Trade and Mine Bitcoin

The Grand Mufti of Egypt Shawki Allam is reported to have issued the so-called fatwa (which means a ban on something) against cryptocurrencies. This means that Muslims can no longer trade or invest in Bitcoin or other cryptocurrencies. To be more specific, the Mufti thinks that trading cryptocurrencies is almost the same as gambling. Yet, gabling is strictly forbidden in Islam.

Publication date: 12 January 03:19 AM

Alpari’s Mobile App Gets Over 400K Users

Over the last few years, the amount of online traders using mobile apps has increased dramatically. The stats show that most of the time mobile forex traders choose mobile trading apps by Alpari, one of the biggest brokers in the international forex industry.


Publication date: 03 January 07:06 AM

Bitcoin Harms Natural Environment

 Today, only 1% of the global population is investing in cryptocurrencies.  However, mining those cryptocurrencies is something that all of us have to pay for. This is what Deutsche Welle thinks on the matter.

Publication date: 02 January 11:43 AM

Bitcoin May Trigger Another Major Financial Crisis

 Some experts say that Bitcoin and other cryptocurrencies may trigger another major financial crisis.

Publication date: 02 January 11:42 AM

Fort Financial Services ¬– World’s Best Forex Bonus Offer 2017

Masteforex-V Academy has recently announced the results of the annual contest named «World’s Best Forex Bonus Offer 2017». Fort Financial Services won the title as the forex broker occupying the first position in the corresponding rating by Masterforex-V Academy.

Publication date: 28 December 09:28 PM

Bitcoin Exchange Rate May Drop to Zero, Morgan Stanley Experts Say

Bitcoin may drop all the way down to zero dollars. This is what Morgan Stanley analysts led by James Faucette told Business Insider. Such a gloomy forecast for the world’s first and most expensive cryptocurrency to date showed up amid another major drop in its exchange rate. The thing is that Bitcoin dropped by 40% from 19K dollars all the way down to 11,8K dollars on December 22nd. 

Publication date: 26 December 12:21 PM

Bitcoin is Yet to Win Major Investors’ Trust

The first Bitcoin futures were finally launched in the USA. However, despite the fact that cryptocurrencies have already been recognized a part of the financial world, skeptics still don’t believe in them and anticipate a cryptocurrency market crash. 

Publication date: 25 December 05:49 AM

Alpari PAMM Service Gets Its Monthly Turnover Exceed $15 Billion

Most people prefer to keep their savings in a bank. They believe that despite those tiny interest rates they get paid, storing money in a bank account is way safer than anything else. The point is, we are talking about storing money while it’s wiser to invest money so that it could make even more money. For example, Europeans like to consider investing their money in various kinds of assets. They further spend their profits on some big purchases or education for their kids.

Publication date: 21 December 03:17 AM

Bitcoin Goes Above $19K, Europe Is Ready For Bitcoin Futures

The world’s first cryptocurrency has recently gone well over $19K. CoinMarketCap reports that later on Saturday, Bitcoin broke over the $19K threshold and reached 19060 USD/BTC. At that point, the BTC market cap exceeded $316 billion.

Publication date: 18 December 02:30 AM

Bulgaria May Trigger Bitcoin Crash

The international Bitcoin community has been shocked by the news that a relatively small European country named Bulgaria (the national GDP was 52,4 billion dollars in 2016) make force Bitcoin into crashing!

Publication date: 12 December 11:15 AM