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How To Make Money Trading Forex -Legally And Guaranteed!
The exchange market has been rapidly growing over recent years and the competition between the brokerage firms is bigger than ever before. The reason being as to why there are numerous "fx houses" is due to the fact of how easy it is for them to make money. Let's face it, at least 90% of everyone starting trading fx products will empty their account within 2 weeks.
There are basically no differences between an online gambling firms like Betsson and these "fx houses". Both of these organisations/institutions/ etc are similar because numerous people will lose their money, and it is more beneficial for the firms to bet against their clients and take their clients' losses than it is take a commission on their trades.
However, for the firms to be competitive most brokers offer trading competitions as well as different bonus programs.
Ex on bonus programs
Trade 500 lots and get $5k in bonus
100% leverage bonus on all deposits
60% deposit bonus
"Trade 500 lots and get $5k in bonus" can be good, although very few people are able to trade 500 lots without losing all of their money before that.
"100% leverage bonus on all deposits" are basically one big scam. They cancel your bonus if you start losing money.Some firms even offer 1:1000 leverage, which is unnecessary. No one needs more leverage then this 1:300!
Ideally what you want is the "60% deposit bonus" (the % is usually between 30%-60%). This bonus cannot be withdrawn, but it can be lost (huh?). This means that if an individual decides to open two accounts and make a $5k deposit in each he/she will receive $3k in bonus in each of those accounts.
Ex.
Total investment is $10k.
Account 1: $5k investment + $3k bonus = total account value of $8k
Account 2: $5k investment + $3k bonus = total account value of $8k
Let's say that we want to trade EUR/USD. We can then open one long position in account 1 (buy EUR/USD) and open a short position in account 2 (sell EUR/USD). By using full leverage (IronFX offer 1:500) it will be very easy to "max out" one of the accounts within a day or two.
Ex. You have a long position and short position EUR/USD on two different accounts where you also receive a 60% bonus. EUR/USD has a big swim up. When you are at zero in the short account you will then have (your initial deposit of 5k+8k gain+3k bonus) 16k in you long account. Since you cannot withdraw the bonus in the account (-$3k) you will only be able to withdraw $13k. A 30% gain on just 1 or 2 trading days (=really good).
Firms like IronFX and InstaFX offer this bonus for it's clients. By reading the "TOS" you will soon figure out that they do not allow hedging between accounts. However, using this system with two different firms such as IronFX and InstaFX make it almost impossible for them to prove anything. Also, if two different people open up a 2 different accounts(even with the same firm) you can hedge each others position to guarantee a profit without any risk. It is completely legal and as long as you don't break the companies "TOS" it is impossible for them to cancel your profits without risking the loss of their own licenses which would cost them a lot more than paying out your profits.
Lycka till!
How To Make Money Trading Forex -Legally And Guaranteed!
The exchange market has been rapidly growing over recent years and the competition between the brokerage firms is bigger than ever before. The reason being as to why there are numerous "fx houses" is due to the fact of how easy it is for them to make money. Let's face it, at least 90% of everyone starting trading fx products will empty their account within 2 weeks.
There are basically no differences between an online gambling firms like Betsson and these "fx houses". Both of these organisations/institutions/ etc are similar because numerous people will lose their money, and it is more beneficial for the firms to bet against their clients and take their clients' losses than it is take a commission on their trades.
However, for the firms to be competitive most brokers offer trading competitions as well as different bonus programs.
Ex on bonus programs
Trade 500 lots and get $5k in bonus
100% leverage bonus on all deposits
60% deposit bonus
"Trade 500 lots and get $5k in bonus" can be good, although very few people are able to trade 500 lots without losing all of their money before that.
"100% leverage bonus on all deposits" are basically one big scam. They cancel your bonus if you start losing money.Some firms even offer 1:1000 leverage, which is unnecessary. No one needs more leverage then this 1:300!
Ideally what you want is the "60% deposit bonus" (the % is usually between 30%-60%). This bonus cannot be withdrawn, but it can be lost (huh?). This means that if an individual decides to open two accounts and make a $5k deposit in each he/she will receive $3k in bonus in each of those accounts.
Ex.
Total investment is $10k.
Account 1: $5k investment + $3k bonus = total account value of $8k
Account 2: $5k investment + $3k bonus = total account value of $8k
Let's say that we want to trade EUR/USD. We can then open one long position in account 1 (buy EUR/USD) and open a short position in account 2 (sell EUR/USD). By using full leverage (IronFX offer 1:500) it will be very easy to "max out" one of the accounts within a day or two.
Ex. You have a long position and short position EUR/USD on two different accounts where you also receive a 60% bonus. EUR/USD has a big swim up. When you are at zero in the short account you will then have (your initial deposit of 5k+8k gain+3k bonus) 16k in you long account. Since you cannot withdraw the bonus in the account (-$3k) you will only be able to withdraw $13k. A 30% gain on just 1 or 2 trading days (=really good).
Firms like IronFX and InstaFX offer this bonus for it's clients. By reading the "TOS" you will soon figure out that they do not allow hedging between accounts. However, using this system with two different firms such as IronFX and InstaFX make it almost impossible for them to prove anything. Also, if two different people open up a 2 different accounts(even with the same firm) you can hedge each others position to guarantee a profit without any risk. It is completely legal and as long as you don't break the companies "TOS" it is impossible for them to cancel your profits without risking the loss of their own licenses which would cost them a lot more than paying out your profits.
Lycka till!
__________________
Senast redigerad av GoldenPhoenix 2014-11-25 kl. 14:51. Anledning: Råkade bifoga länkar som inte ska vara där eftersom jag eftersom att jag kopierade och klistrade in från min artikel
Senast redigerad av GoldenPhoenix 2014-11-25 kl. 14:51. Anledning: Råkade bifoga länkar som inte ska vara där eftersom jag eftersom att jag kopierade och klistrade in från min artikel
