Forex trading becomes more and more a hobby for many traders around the world. The 4 trillion USD market is the most liquid market in the world. You can deal with foreign currencies around the clock six days a week. Due to the leverage, with only 500 USD you can usually move 100,000 USD. This means that if the US-Dollar increases by one percent, you would make a profit of 1,000$ – a ROI of 200%. Of course, Forex trading is very risky. Because if the US-Dollar decreases by 0.5%, you would have lost your complete investment of 500 US-Dollar.
This is why getting a bonus with your Forex broker is very important. A FX bonus is basically money for free. So how do you get a Forex bonus? This is simple. Just chose a new Forex broker which offers you a sign-up bonus. Compare different FX brokers, as their offers to new clients vary. While some will give you only an ebook or limit the bonus to 20$ or 50$, other brokers will give you a bonus of up to 50% of your initial deposit. So if you deposit 4,000$ at such a generous FX broker, you will get 2,000$ for free. Or if you deposit 100$, you will get 50$ for free.
Keep in mind to read the bonus withdrawal requirements. You will usually have to make a certain amount of trades before you can withdraw your bonus money. This is in order to ensure that you are an active trader and are not just depositing money at the FX broker in order to get the bonus. Also keep in mind that you should only trade with money that you could lose without getting into trouble.
If you are new to Forex trading, we recommend you to start trading with a free Forex trading account. With such a demo account, you can trade with play money foreign currencies under real market conditions. This is a very important step in becoming a successful FX trader. In a first step, you gain experience without any risk. Only after you have proved to yourself over a large number of trades that you can trade foreign currencies with a profit, should you deposit real money. And as we said in the beginning of our article: if you open up a real money account at a Forex broker, chose a broker which offers a generous first deposit bonus to new clients. This bonus will further boost your winnings.
Check out the best bonus offerings on Forex Broker Reviews now!