The 10 dollar no deposit bonus can be defined as a welcome bonus that is given to new and first time forex traders by forex brokers. The 10 dollar no deposit bonus is seen as one of the most favorable type of forex bonus because it does no come with any form of requirement on the part of the forex traders. This 10 dollar no deposit bonus is called a welcome bonus because it is only made available for beginners but it is only given once.
The 10 dollar no deposit bonus is seen as a generous gesture in the part of the forex brokers to welcome new forex traders to the forex market and let them have their first trading experience on real trades in the expense of the forex broker. A lot of forex traders look forward to the bonus with great expectations and immediately they have access to it, they use it for trading. The major goal of the 10 dollar no deposit bonus is not to reward forex traders for just registering and signing up with a particular broker but to encourage beginners to trade. This is the reason whythe 10 dollar no deposit bonus comes inform of forex trading credits.
WHAT A FOREX TRADER NEEDS TO KNOW ABOUT THE 10 DOLLAR NO DEPOSIT BONUS
In every trading settings, every 10 dollar no deposit bonus have specific conditions surrounding their withdrawal. This is a rule most forex traders establish in other to maintain trust and loyalty. Forex traders cannot withdraw the 10 dollar no deposit bonus without specific regulations and criteria like trading account funding and a number of trade volumes. The forex trader have to be involved in fee trades and if they come out on the winning side with more profits based on the bonus, they can then withdraw the money with no difficulty.
Additionally, the 10 dollar no deposit bonus is considered very small in amount and can’t be used to gain experience in a larger trading environment. This type of deposit bonus is adequate for trading a forex account for a novice trader. This only means that forex traders should understand the fact that trading with the 10 dollar no deposit bonus limits their experience to a micro level.
The 10 dollar no deposit bonus micro trading is totally different from the trading system when done at a larger and more superior trading platform due to the greater forex trading risk involved with it. A better and more effective money management of the forex trading account will certainly involve more trading experience.
In conclusion, even though a 10 dollar no deposit bonusis perhaps seen as a means employed by forex brokers to encourage the recruitment of a large number of beginners, forex traders sees it as an avenue to trade forex without having money and gain profits at the same time.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.