There have been plenty of questions about forex bonuses. We understand that there is a price for everything, and that an investment means spending money on a commodity with the hope that its value will increase in future and bring great returns. How then is it possible to trade the forex market without any deposit?
Typically, the forex market works with money and trading skills. A trader makes some deposit into his account with which he or she buys some security with the hope that the price of the security will increase in future, at which time it will be sold to make some profits. However, it is no longer news that traders can now trade the forex market with bonuses offered by brokers and no deposit at all. Many do not know what to make of this considering the competitive nature of the forex market and the countless scams that many have fallen prey to. The thing is that one can really trade the forex market profitably without making any deposit if all goes well.
WHAT DO BROKERS STAND TO GAIN FROM THESE OFFERS?
Brokers offer bonuses granting traders the opportunity to trade the forex market without making any deposit, what do they really stand to gain from that? What they stand to gain are clients. The forex market is really large and the rate of competition is very high. To this end, brokers, who need traders signed up under them to be in business, are always scouting for traders to sign up with them. Granting traders a welcome bonus to trade the real market with is such a good way to attract them.
BENEFITS OF FOREX NO DEPOSIT BONUS TO TRADERS
On the path of the traders, it is not bad at all to trade the forex market with a bonus from the broker. The forex market is very volatile and risky. Most new traders (if not all) lose a lot as new traders, until they learn and get better in currency exchange business. Seeing as losses is a due process in forex trading, a lot of traders decide it is better to trade with the bonus money than to trade and lose with their real hard earned money. Therefore, these bonuses gives the trader the opportunity to strengthen his or her trading skills before investing real money to trade the live forex market.
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.