Thefilosofi.Com – Among the various investment instruments options, Forex trading became one of the favorite investors of the millennium. Forex trading is basically foreign currency investment, where profits are taken from the purchase price and the sale price of foreign currency. It’s just, unlike in conventional currency trading in money-changing, there’s no easy process of accepting foreign currency in cash.
So, can we trade forex without capital? Of course you can. But before we discuss how to trade forex for a no-capital beginner, there are some things you should know first to be successful in trading forex.
Unlike conventional currency trading, on forex currencies traded online. So that the currency he owns can be sold many times in a short time. In forex trading, currency is also traded in pairs or also called a pair. These currency pairs vary widely, for example EUR/USD (Euro and US dollar), USD/JPY (Dollar A pair) (Mirika and Japanese yen) And so on.
Because of the pairing system, when you sell or buy one currency, you buy or sell another. So, if you have a dollar/JV, when you take a dollar, then you buy a yen at once. So the dollar you took off the car was converted directly into yen.
Exchange is short-term trading activity or investment tool. Traders are not people with medium- or long-term investment goals. It’s because traders try to make a quick profit from the selling price and buy currency based on price appreciation or price moderation.
It is noted that the decision to take or buy currency is not only based on intuition or feelings. A trader must keep an eye on the market and understand the movement of the currency. Therefore, before you jump directly into real trade forex, you must learn about forex trading first.
Trading Forex Without Capital ? Here’s How it Works
Once you sign up and get verification of your forex broker, you’ll have a trading account that is equipped with virtual money to be used in forex demo trade. Of course it’s not real money, so you don’t have to worry about losing your capital. Although only demo accounts and virtual money, market conditions are displayed as real time or as market conditions are when So you learn and feel how to trade forex online.
Once you understand about Forex trading and are ready for real trade, you can start creating accounts for real Forex trading. Broker forex will usually give you a minimum deposit condition so you can start trading. The good news is, you can also trade forex without capital in both ways.
The first way to get a forex trade for a no-capital novice is to register in a forex broker who gives bonuses without deposit or no bonus deposit. NDB is a promotion usually held by forex brokers to attract new dealers. Broker will give the real bonus to the new registrar without having to transfer the first deposit.
The cost can only be used for forex trading and not for cash withdrawal. New money can be withdrawn after traders make profits from the forex trade using bonus money. Besides, forex brokers also usually determine the minimum amount of money that can be withdrawn.
Bonus money given can vary greatly and not say much, up to $100. Some of them might just give a few dollars as a bonus. However, it would certainly be good for the forex trade without capital.