How can a new trader start without risks

[Margit]

This is one of the questions every new traders asks. How to start Forex trading without risking too much. Well, my advice would be to use a demo account and practice  more. When you practice, you reduce the chances of losing all your capital by the time you move to a live account. 

Another way to reduce your risks is by trading with free money from a broker. Forexchief is a broker that gives $100 startup fund and another bonus up to $500. With this money you can see what live trading is all about and if you are lucky you can make more money from this and never have to invest your own money. It is very easy to withdraw money from Forexchief.

Lastly, you can reduce your risks of Forex trading by making sure you follow the 2% rule. This means you choose to use only 2% of your capital on each trade. Make sure your set a stop loss and take profit every time.

I hope this helps.

[Guest Ivanny]

Thank you for such an informative post. Yes, I know about Forexchief, one of the brokers I use. I no longer get the 100$ no deposit bonus because it is for new traders. But on every deposit I get 500% bonus. I also use their credit program, where I get extra credit whenever my margin is low. The broker is very supportive. Thank you again.

[MIchel Kalib]

Forex bonuses are good options - specially forex no deposit bonus is really interesting and quit risk free for new traders. But although forex contests are is a risky option it also good for new traders to get experience and earn some extra money and increadible prizes. Like here is a big lists of forex contests.

[Rhea]

That is very informative! I am Forexchief user too and this is highly recommended one!

[Breed]

On 2/2/2022 at 7:47 AM, Rhea said:

That is very informative! I am Forexchief user too and this is highly recommended one!

Yes they have been very good since I met them, and the bonuses are good. But what has really impressed me about their promotions and bonuses is the trading credits they offer to traders, which may be up to 70% of the deposit with no terms attached. This is really a great support from them.

[colin08]

It is also very important to check the terms associated with these bonuses before we consider them, and it shouldn't just be the sole reason we choose a broker. Though I must agree with the fact that Forechief is doing well when it comes to bonuses, especially the fact that it is usable and can be withdrawn is noteworthy. But one other thing I have appreciated about them is their variable spreads ranging from 0 pips with no requotes.

[Breed]

On 6/28/2022 at 12:04 PM, colin08 said:

It is also very important to check the terms associated with these bonuses before we consider them, and it shouldn't just be the sole reason we choose a broker. Though I must agree with the fact that Forechief is doing well when it comes to bonuses, especially the fact that it is usable and can be withdrawn is noteworthy. But one other thing I have appreciated about them is their variable spreads ranging from 0 pips with no requotes.

You got this right, their welcome bonus which is equal to 100% of the first deposit is credited automatically. The Profit can be withdrawn without any limitations, and the bonus itself can be withdrawn after required trading turnover completed.

[pradegxs]

My first deposit to Hotforex was 100 USD and it was enough to trade conservatively betting 1-2 usd with decent leverage. 

[uncle gober]

Beginners who are new to forex trading should take advantage of the demo account facility or education from Tickmill brokers. This will be very helpful for learning about forex and later the trader will be ready to trade on a real account with confidence.

[tradesprint]

Demo trading can be helpful in removing all the associated risks of trading forex or other commodities. We can also test any brokers processes through their demo accounts without investing any real money because all these demo accounts comes with free virtual funds to trade on real time environment.