Free forex trading capital without deposit is one of the powerful strategies for users to gain more profit without any capital
at all. This means that users carry out transactions or open positions with accounts that are not demos which are usually in the form of bonuses.
Usually the bonus obtained comes from when users create a new account which is usually done by some of the best brokers. For example, brokers that have long been in Indonesia, namely FBS and XM Global with free capital for new users.
Without paying capital, newcomers can get free bonuses starting from 30 to 100 dollars at different brokers. But to trade forex free capital without deposit and generate maximum profit, you need to know the right strategy.
How to Trade Forex Free Capital Without Deposit That You Need to Know
In general, newcomers need to go through the process of becoming proficient users in the field of forex trading before going directly into the field. Moreover, the stages that must be done are the same as when we want to be an expert swimmer, we need to learn, here are the stages of learning trading:
1. Free Forex Trading Literacy for Beginners
To be proficient in this field, users are required to learn the basics of forex trading in order to generate optimal profits. Learning can be done online or directly from books that are owned or articles that contain the world of trading for free.
This needs to be tried considering that there are still many newcomers who are lay and need to be given additional special knowledge in carrying out trading. So that from learning from articles on the internet or reading books, users recognize special tricks and are not careless when carrying out trading.
2. Opening a Demo Account on Forex
Before entering a real account, newcomers need to do a trial as a form of practice in carrying out free trading without a deposit. This aims so that users are not shocked and afraid when trading a real account, especially experiencing losses at some point in the future.
In general, the existence of this demo account also aims to train the basics of practice on a previously selected forex broker. Generally, all brokers have demo accounts and in the end can practice strategies first by using virtual money for free.
3. Participate in Demo Account Trading Contests
After practicing until the user feels that they have understood the methods and strategies, they can participate in trading contests using a demo account. Usually, each forex broker holds such contests with prizes in the form of real money and can be used as real trading capital.
It’s just that users need to pay attention to this, namely that it needs to be done by newcomers who are really good at trading because there are many competitors. To participate in the contest, users can search for it on Google with the keyword “Forex Demo Account Contest Competition.
4. Next Level Open a Real Account at a Forex Broker Without the Need for a Deposit
This is the target desired by newcomers to be able to carry out free forex trading with no deposit capital by opening a real account. After opening it, you will indirectly get a bonus with a small value, from 10 to 100 dollars depending on the broker.
Although the bonus you get is small, if you are good at trading, the money will grow gradually or immediately at once. It should also be noted that the one who distributes the no deposit bonus is a small-time broker, so the potential for a scam is great and you need to be careful.
List of Free Forex Trading Brokers Without Deposit
Actually, such forex brokers are indeed targeted by beginners so they must be used because they provide benefits. Here are some platforms that can be used and have been recommended because it has been proven that many users have successfully done it:
1. FBS
One of the platforms as a free forex trading capital without a deposit is FBS as a very trusted broker. Moreover, many people use this application considering that the platform shares correct information that is easy to understand for beginners.
However, what users need to pay attention to regarding FBS itself is that the platform does not provide benefits when investing little. But on the contrary, with a large predetermined capital, FBS will provide the most optimal benefits if successful.
2. XM
The next broker for beginners is XM with various features and algorithms making the application very easy to understand. This is because XM shows data that is easy to understand and is one of the top forex trading brokers.
With different methods, XM is very easy to use to take advantage of currency exchange rates and master its algorithmic patterns or systems. So that the majority of users start trading at XM with minimal risk and free, aka without capital and deposits as in general.
3. OctaFX
After FBS and XM which are quite popular platforms, there is also OctaFX which is also prominent among its users. Simply by using a laptop or cellphone that has a minimum of 3GB of RAM, it can be used easily and is highly recommended.
However, its use will certainly get a risk if the user trades to reduce losses on the application without a broker. But what needs to be noted is that OctaFX has changed, especially since there is a robot to identify user trading errors.
4. Instaforex
As the oldest forex broker in Indonesia, Instaforex appears with a bonus when trading forex for free capital without a deposit. The bonus given to only new users by Instaforex is worth 1000 dollars as capital to make initial trading.
New users who have received capital or bonuses need to be traded immediately and are not allowed to WD (Withdraw). But what needs to be noted is that users who can withdraw to a 100 dollar account then deposit 100 dollars to keep running.
5. Oanda
The last type of free forex trading platform without deposit capital is Oanda which is used by users who do not have capital. In Oanda itself, what needs to be considered is when registering, immediately start learning the algorithm and don’t let it be.
To get optimal results from free forex trading without deposit capital, namely by learning Oanda directly from the experts. In addition, it is also necessary to read data until you have to control your emotions when trading takes place in order to control the results to the optimum.
Those are some ways to trade forex without deposit capital that can be done by beginners to get the stored bonus. Although the value is small, it can be increased quickly if the user is good or proficient in carrying out forex trading.
This is also in line with users choosing several brokers who have advantages and disadvantages in each. So it is practical to pay attention so that you can determine the right broker according to your wishes and goals that have been planned in advance.
However, some trading users to be able to trade that generates a lot of profit need to open an account with a bona fide broker. After that, make a deposit of funds as needed so that it will feel different when you get your own wallet with just a bonus.