- What is the forex market?
The forex market, also known as foreign exchange market, is the market in which people can sell, buy, exchange and even speculate on currencies. The forex market consists of banks, central banks, companies, firms, hedge funds, brokers and many investors. The demand for exchanging currencies is the primary reason why the foreign exchange market is the largest and most flexible financial market in the world.
The foreign exchange market is international. It is open 24/7 and does not have central marketplace for foreign exchange. All transactions occur via computer networks between sellers and purchasers.
2) Do you like forex welcome bonuses?
For the people who first participate in the forex trading market, welcome bonuses can be help their trading career change forever. I would appreciate to tell you about some my experiences and reviews of this matter.
SOME BROKER HAVE THE SUPERIOR WELCOME BONUS PROGRAMS
In my experience, XM is a good choice. Because this broker has great welcome bonus program and 100% bonus on new clients’ deposition.
WHAT ARE YOUR VIEWS ON THE STANDARDS OF ATTRACTIVE FOREX WELCOME BONUSES?
Speaking for myself, the attractive foreign exchange welcome bonuses need to have 3 standards:
- Firstly, a broker must have simple withdrawal conditions. Although some forex brokers have actual firm policies and don’t allow you to withdraw welcome bonus easily, you can withdraw the profit which gained from trading with bonus money. Here are some best forex brokers in the world that I think own attractive forex welcome bonus programs:
- XM: This is the forex broker which I think has the best withdrawal condition. To withdraw bonus profit, its clients just need to complete 0.1 lot.
- FXTM also has great forex welcome bonuses programs. This broker needs you to complete 1 lot traded.
- At the same time, FBS offers its clients 123 bonus programs. For each lot traded, the highest profit which you can get is 3$.
- Welcome bonus value need to be high: Let me introduce to you the welcome bonus value of 3 above brokers. XM and FXTM have the same amount welcome bonus (30$). FBS is the broker offering the highest achievable welcome bonus (123$).
- Reliable brokers
TOP 4 OUTSTANDING FOREX BONUSES.
If you want my honest opinion, I would list the top brokers which have the superior bonus programs. Here are 4 brokers with comparatively great bonus programs comparing to the other brokers.
- Best welcome bonus – XM:30$ welcome bonus and FBS: 50$ welcome bonus
- Best deposit bonus – XM: 100% deposit bonus
- Lot Back Bonuses – Exness
You also search for Exness reviews
ARE THERE ANY OTHER TYPES OF BONUSES?
Forex brokers always provide variety bonus programs. To be more precise, an additional welcome bonus, there are many different programs such as Lot back bonus and Deposit bonus.
Based totally on your deposition amount, forex deposit bonus 2018 can help you to get more money from it by depositing more your money.
Lot back bonus, known as Loyalty bonus, is the bonus program that more popular with experienced traders because it rebates a portion of each transaction to your account automatically.
HOW CAN YOU WITHDRAW YOUR FOREX BONUS PROFITS?
Presently, the traders have to satisfy some required conditions to withdraw their forex bonus profits. For instance:
- Finished trading lot requirements: I would give you an instance. To withdraw your bonus, you need to have finished at least a certain amount of trading. I have no doubt that this policy has a weak point that people even have to deposit more their money than the bonus itself so as to complete the trading lot which the brokers require.
- There is no direct bonus withdrawal: I would say that most of the forex brokers I have done business with oblige their traders not to withdraw the bonuses such as deposition bonus, welcome bonus directly. This policy help both the brokers and clients avoid exploiters and cheaters.
FOREX BROKERS WITH LOW SPREAD OR FOREX BROKERS WITH GOOD BONUS?
Forex brokers with good bonus is great. On the other hand, you shouldn’t ignore the brokers with low spread because it is better in the long-term. The traders always have chance to trade with the best trading conditions.
My own feeling on the subject is that if you always have to deal with big mount of money, the brokers’ credibleness is the most important.
For Thai traders, more about โบรกเกอร์ forex ที่ดีที่สุด 2018