123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Investing---Finance >> View Article

Classification Of Forex Bonuses

By Author: John Arnold
Total Articles: 39

One of the most popular promotional offerings utilized by Forex brokers are bonuses. Such bonuses are offered in a bid to gain the attention of potential clients as well as to attract them towards a longer working relationship. The concept of bonuses is very popular in the world of Forex traders because they play a big role in generating extra revenue without any need to make additional investments.

The world of Forex trading has transformed into a more lucrative undertaking due to the temptation and continued evolution of promotional bonuses.

Forex bonuses can be roughly divided into three main varieties:

1) Welcome Bonuses: Whenever a trader decides to start working with a particular company or broker on the currency market, a welcome bonus comes into play to provide an initial boost. Essentially, a trader receives this bonus as soon as she or he opens a new trading account with a broker. Availing the bonus depends on the rules and conditions stipulated by the broker. Some offer the bonus as soon as the first deposit in the trading account is made by the trader. Others provide the bonus without requiring an initial deposit. The biggest benefit of availing such a bonus is that fresh-faced traders gain experience which can be utilized while placing future trades.

2) Deposit Bonuses: Depositing of the trading accounts trigger deposit bonuses. Depending on the conditions detailed by the broker, deposit bonuses can or cannot be used as extra trading margin. Deposit bonuses serves as a great way for traders to generate more revenue while doing other interesting activities of their choice. Hence, traders can avail a bonus whenever they deposit in their accounts and resume trading.

3) No Deposit Bonuses: The single most popular type of bonus from the traders’ point of view is the no-deposit bonus. It is also known as a free bonus which doesn’t require a deposit. As the name suggests, a trader does not have to deposit in her or his trading account to trigger this type of bonus. Some brokers offer the ability to withdraw this bonus, while others stipulate that it can only be used as extra trading margin. Either way, this is an extremely popular bonus as it enables traders to generate revenue without making any investments from their end.

As you may have guessed by now, the world of Forex trading contains all kinds of bonus promotions which can be handpicked by traders to suit their needs. All three bonuses explained here can be availed under specific conditions and have their own unique attributes. Such bonuses have been crucial in transforming the Forex market into an extremely lucrative undertaking for new traders. But if your ultimate goal is to be a successful trader, keep in mind that bonuses are just the icing on the cake of Forex trading. They just serve as the means to an end.

For Forex Trading visit http://www.integratefx.com/

Total Views: 37Word Count: 494See All articles From Author

Investing / Finance Articles

1. Download Free Forex Robot To Trade Like A Pro In The Forex Market
Author: johnsyanol

2. Trade12 Is The Platform That Will Give You A Free Lifestyle
Author: Trade12

3. A Guide To Proper Retirement Planning Servives In Richmond
Author: Danny McCarty is the author of this article

4. Why Invoice Invoice Factoring Financing Is Better Than Bank Overdraft Credit?
Author: Stephen Perl

5. Apoyos Para Negocios En 2017
Author: Martin

6. How Do You Master Mind Your Long Term Loans Without Collateral?
Author: Jenny Elmore

7. Algotrade Helps You Make Consistent Profits In Forex Market
Author: johnsyanol

8. The Guide To Choosing The Best Stock Trading Advisory Service
Author: Dharmesh Patel

9. What Should An Executor Of A Will Do To Get Grant Of Probate?
Author: Probate a Will

10. Trade12 Provides A Perfect Educational Experience For New Traders!
Author: Trade12

11. Home Loan Rate Comparison – Why Is It Important?
Author: Kimberly Ash

12. The Benefits Of Getting A Reliable Mortgage Broker Harrogate
Author: Brian Miller

13. All You Need To Know About Co – Signing A Loan
Author: Neha Sharma

14. What Are The Insurance Policies To Opt For In Your Early 30's?
Author: Neha Sharma

15. Multi – Currency Card: How To Pay Less For Foreign Currency
Author: Neha Sharma

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: