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There are a lot of forex trading styles that can be applied to the FX market. Certain traders leave their positions open for months, while others can open and close their positions in an interval of minutes. This article focuses on the latter category of the forex trading styles.
Day Trading: Forex Trading Styles
It relates to forex trading styles that consist in trading in the course of one day, without leaving positions open overnight. With this forex trading style traders hope they register a small profit in each trade. The profits can add up over the course of the day leaving the trader in a great financial situation.
Because of the fact that no positions are left open, the trader can relax during the night, without having to worry about the price movements. They also don’t have to worry about rollover fees that are increasingly common and adopted by a large number of brokers. Since the position is closed at the end of the day, rollover fees don’t have to be paid.
Forex No Deposit Bonus is an aggressive ways for the brokers to attract customers. Usually brokerage houses offer a relatively small amount of real money to open an account with them and the profit and/or initial balance can be taken out upon trading a certain volume.
Brokers make such generous offers so you can check:
- live spreads
- speed of execution
- other trading conditions
Some brokers exchange No Deposit Bonus for an SMS verified phone or uploaded documents. Sometimes this bonus is not withdraw-able and only the profit is. In other cases you need to complete a certain volume before you can withdraw any profit or initial balance.
Read below to find out what is No Deposit Forex Bonus and how to cash it out!
Many traders are looking for forex rebates. Read this article to find out what are forex trading rebates and how to benefit from them.
What are forex trading rebates?
Forex Rebates have always been a way of brokers to compensate the traders their spread and commission expenses. In other words, it is a simple commission sharing scheme between your broker and yourself. When trading 1 lot on EUR/USD with the spread of 3 pips, you end up paying a sum of 30 USD to the broker. While many brokers keep the funds to themselves, there are some brokers that give a share of this commission back to you as a part of loyalty program or a forex rebates bonus promotion.
Before we begin explaining this bonus trading strategy, we would like to warn you that this article is mainly for informational purposes. We do not encourage you to participate in any illegal activities, act not in a good faith and violate terms of services and forex bonus promotions.
Having said this, we are still sure you will enjoy the article and find it interesting. If the bonus terms of the broker allow The Forex Bonus Hedging Trading Strategy, you will also be able to monetize ton his knowledge too.
What is Forex Bonus Hedging Trading Strategy?
It is a very simple trading strategy, which just works and brings money. The Idea of The Forex Bonus Hedging is to create 2 positions (Rail One and Rail Two), each of them on the same instrument, same time, same volume, but different directions. The Forex Bonus Hedge is as simple as executing a 1 lot BUY EUR/USD order and 1 lot SELL EUR/USD order in the same time.
Forex Demo Contests are great tools for having fun and practicing trading. As with any sport, forex contests have their code of conduct and you should apply to it. Failure to do so will not put you in unfair situation compared to other participants. Also you could be penalized by an organizer. Forex Contest Strategy plays an important role.
This article will not tell you how to win a forex demo contest. Luck plays important role, and cannot be neglected. This article will focus on explaining the best forex demo contest strategy, it will also explain best demo contest practices and show a few tricks for an extended participation.
Forex Bonuses are great, but as forex trading, forex bonuses requite substantial knowledge to be beneficial for you. Below you can read a simple forex bonus strategy. This is not a forex bonus strategy that explains you how to trade and make money. This bonus trading strategy will focus on selecting the most appropriate bonus when depositing.
Learn Bonus Trading Best Practices
Now encountering a deposit bonus offer with a forex broker is as easy as never before. You see a lot of flashing ads telling you about 30% Bonus everywhere and in many cases 30% is just a lower limit. Some brokers may even offer a bonus up to 200%.
As the largest forex brokers hardly offer any bonuses, people tend to think that bonuses are only offered by the market makers. This is not necessarily too. In fact, this is not true at all. There are some agency model brokers offering you bonuses, as well as there are some market makers that won’t give you a deposit bonus on your forex trading account.
Even if a trader doesn’t have lot of knowledge about the market at first, it can compensate by learning continuously. By being patient and accumulating information, he can improve at a steady pace until he has what it takes to consolidate his profession as a Forex trader.
Reading our top 10 forex trading tips and tricks will set you ahead. Forex Bonus Lab has collected and filtered tons of tips just for you!
One of the most useful features that a new trader can use is the demo account. Before the evolution of technology, traders didn’t have online accounts and they were writing their trades on paper rather than introducing them at the market. This is why the term paper trading is often associated with forex demo account trading. The demo or practice accounts allow new modern traders the opportunity to paper trade. It has the advantage of not requiring any deposit, since the trading is simulated and account balance is virtual.
Trades can be initiated and positions closed as usual, but no money is at risk. All losses are simulated, but all gains are also simulated. This has the advantage of allowing traders the opportunity to practice their strategies in a simulated environment without the fear of losing their initial investment. This is a very useful tool to learn, because traders will look at the indicators and try to determine when they should open a trade, how long they should keep it open and also when is the best time to close that position.
A trader should not make the mistake to think that all Forex broker are reputable and handle their business honorably. After some research is made regarding them it is apparent that some of them use a dealing desk in order to gain from less experienced traders, sometimes delay order execution until it is favorable to them or they do straight fraud by betraying the confidence of the customers who have put their faith in them. It becomes imperative that a lengthy investigation must be made regarding brokers by examining their site and the opinion of the customer on the forums in order to ascertain that what they boast about is also what they provide.
In order to help traders before they make a deposit to a broker, in the following a definition for brokers will be given, along with a way to verify them online and how to be sure that they respect the current legislation. This article will tell you what is good forex broker and what should you bear in mind while choosing best forex broker!