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Forex Bonuses Glossary

Forex Bonuses Glossary

Deposit bonuses – make a deposit and get % bonus on deposit.

No deposit bonuses – a free bonus to new clients – a live account to start trading immediately with no deposit required.

Volume bonuses – high volume traders are offered cash back for their active trading.

Freebies – everything from free books to free course, seminars and other educational materials.

Rewards – different bonuses given as reward for completing certain requirements.

Rebates – cash-back bonuses for trading.

Forecast bonuses – a trader who makes the closes prediction wins a prize.

Draw bonuses – prize winners are determined in a draw.

Demo contests – contests on demo accounts, as a rule, with real cash prizes.

Live contests – contests on live accounts with large cash prizes.

Refer-a-friend bonus – when you refer a friend to your broker, you and your friend can get bonuses.

 

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Traders often fail because they don’t learn from mistakes. Keep a diary of trades to discover what works and what doesn’t.   Setting limit orders and stop/loss orders takes emotion out of the equation and ensures trading discipline.   Trade small amounts when you are a beginner. Grow your account balance through profits, not deposits. ...