Among the people who know what Forex does and have been involved in this kind of market, it is well said that in order to earn any profit you have to invest a significant amount of money, “the more the better”. However, many Forex traders have lost not only big amounts of money, including their savings, but they also have lost their trust in the system; therefore, they do not believe that investing money in this business can be always considered profitable.
In that sense, Forex can be a risky business that has its ups and downs. Nevertheless, there are also lots of people who know how to properly invest and make good money, and there are even some brokers who give a chance to those who do not want to risk too much to earn money but still want to get an extra income.
Even if making money on Forex without any invest seems to be utopic, in this article we are going to explain how to defeat the odds and make money without giving a penny.
First of all, what is Forex?
Forex is a common abbreviation of “Foreign exchange” and it is used to describe the art of trading different currencies and profiting from it.
The way Forex traders earn money is quite simple, they just buy and sell currencies according to the sales predictions which, of course, have to do a lot with speculation. For example: according to babypips.com An Online Beginners Guide to Forex Trading, if you purchase 10,000 Euros at the EUR/USD exchange rate of 1.1800 then two weeks later, you exchange your 10,000 Euros back into U.S. dollars at the exchange rate of 1.2500, that would make you earn a profit of $700
Ways to make money in Forex without investments
Join one or several affiliate programs
This serves to attract new clients to a broker company. Every time you bring a new trader and they start to work, you will earn a percentage because of the spread. It does not matter if the new traders you brought to company do not make big profits or good operations, you will still earn a commission of up to 30%, and this is because of what you earn is also part of the spread. No matter how bad the performance of the traders is, what is important is trading real deals.
Interest rates are also offered, they could be a certain fixed sum which can also bring you bigger revenues. This choice is recommended to those traders who have a good reputation and a big influence on others. It is unknown how many people would like to become referrals, but you can still try this option out.
Contests held by broker companies
To join a broker’s company contest you do not need to invest your own money, and there are several of these contests on the Internet. In these challenges you have to use a Forex demo account in which you would try to make as much money as possible because you will be competing against the other participants. Broker companies announce these competitions to get people involved in this business and also to give them a try without risking their own money. This helps to attract new traders to the companies as well. The winner is the one with the best performance in trading. They get real money as a prize.
Forex no deposit bonuses
Brokerage firms have real money accounts on Forex in which they invest little amounts of money in the form of bonuses. These Forex no deposit bonuses in 2016 cannot be withdrawn because they can only be used for trading. When your trading volume has reached a considerable amount of money, you will be able to withdraw your earnings minus the bonus. This means that the money the company gave you to start trading will always stay as a bonus.
Even if these techniques will never make you rich, they are a good option for those who want to explore this business without the risk of spending their own money. It could also be a great choice for those who want to make some extra money. Now that you know that making money on Forex with no investments is possible, give it a try! Who knows? Maybe someday you will become an important broker or trader.