analyst75 Posted September 9, 2016 Share Posted September 9, 2016 “Once you get your trading plan completed however, and you have a successful track record of six months of solid trading results, lock that plan up and never share it with anyone. Use it to build an incredible life for you and your family. Hold on to the edge you have worked so hard to attain. Be happy to share your knowledge but that does not have to mean giving away your strategy and edge.” – Sam Seiden There are certain other ways through which you can make money from the markets without your own capital, and that’s what this article reveals. Many people are eager to commit real money to trading; which is not a bad thing. However, the most crucial thing is correct trading knowledge. When you’ve correct trading knowledge, capital will come looking for you, which means that your knowledge makes you rich. If you’ve capital and you don’t have the right knowledge, you’ll soon be done away with your capital. When you’ve the right knowledge and no capital, these are what you can do to become rich gradually as a trader: You can work as a signals provider: If you’ve a good trading idea or strategy, you may want to become a trading signals provider at one of relevant websites like Zulutrade. Registration and services are free, and you can trade Forex, CFD and Binary Options. Once you use a positive expectancy system with sensible risk control tools, you’ll begin to gain live followers. You then get paid a percentage of the trading volume generated by trades that get opened as people copy your trades automatically. You can get investors through proven demo track records: This is possible on relevant websites like Myfxbook.com. You can open a demo account with a good MT4 broker and register the account on Myfxbook. Your trades are recorded and analyzed automatically. After many months or a few years of positive track records (clean survival), you might convince an investor (or investors) to commit some capital to you. You then get some percentage of profits you make on that capital. I know someone who got employed as a trader in a reputable bank – only because he’d a demo account that showed good results of a few years. You can get money by joining demo trading competitions: Luckily, many brokers organize forex trading competitions with various awards methods. Some brokers would give you a cash prize for being one of the top winners and a contract to manage money for them. Some brokers would give you a free deposit as one of the winners. You can’t withdraw the deposit, but you can withdraw the profits made on it. Some brokers can allow you to withdraw the money from your MT4 account once certain conditions have been met; like trading with some desired volume. Recently, Tallinex.com organized a demo trading competition, in which 15 winners were given generous cash prizes, which could be withdrawn immediately or traded as each winner liked. You can make money as an IB: I wouldn’t expatiate on this. Please ask your broker who an IB is and what the rewards for a successful IB are. When you get some money, you can provide automated trading signals with real money on some relevant websites like Collective2. People who find your trades useful would gladly pay monthly fees for the use your strategy. There are other ways to make money from trading related activities, without having your own capital. Can you think of some more of them? When you’ve a proven strategy, the best thing is to trade it with real money. Some people don’t have money to open a decent trading account and they got talent as traders. Once they can prove their expertise in a simulation mode, they might get seed money to start their own trading business. I know that some negative views people have about trading are simply not true. Conclusion: Visionaries can’t be intimidated by the markets…. Schools don’t make successful people; learning makes successful people… You’ve to be different before you can make a difference. I wish you a profitable trading future. This article is ended by the quote below: “But truth is… We all have losing trades..., as we all have winning trades. We all have good days..., and bad. We all.., are only as good - as how we managed the last trade - regardless of that trade's outcome. Trading is not about the amount - it only about the process..., routine..., making a plan for each trade..., then trading that plan to fruition. It’s about discipline...., patience..., repetitiveness..., with no opinion..., and one's ego set aside low..., it about self-management in a totally uncertain environment” – Redneck (Source: Elitetrader.com) Source: www.tallinex.com Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 13, 2016 Share Posted September 13, 2016 Nice article and really helpful for trader get inspiration if actually making money with forex is not only about trading but still there are some ways like as already mentioned above, and forex trading itself indeed not only about profit but also about loss, and as trader need process how to manage money in forex market that full uncertainty Quote Link to comment Share on other sites More sharing options...
bearhugs Posted September 19, 2016 Share Posted September 19, 2016 Article has so many point to be understand by any newbie, who are willing to start work with Forex. But there are so many others points those also should be consider as here for newbie. Quote Link to comment Share on other sites More sharing options...
obieze Posted September 23, 2016 Share Posted September 23, 2016 that is why it is very important for newbies to always learn how to trade on demo accoun,because that is where you will try the articles point that you can be using on your trading and many more to. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 28, 2016 Share Posted September 28, 2016 by continuously improving our skills, in trading will also be better prepared for forex trading, then the brokerage services will make it easier for trading Quote Link to comment Share on other sites More sharing options...
bigxy Posted October 31, 2016 Share Posted October 31, 2016 that is why it is very important for newbies to always learn how to trade on demo accoun,because that is where you will try the articles point that you can be using on your trading and many more to. Newbie traders should trade demo accounts with patience as it could be their greatest tool to become successful in future, practicing can bring them more experience which is helpful to earn money through forex trading. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted November 1, 2016 Share Posted November 1, 2016 Trading demo accounts is important but trading seriously with demo is also needed. Not every newbie take demo as serious as it should be taken while you are learning. Quote Link to comment Share on other sites More sharing options...
bigxy Posted January 20, 2017 Share Posted January 20, 2017 Not every newbie take demo as serious as it should be taken while you are learning. This is the reason that they loose money and become a part of that 90% losers. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted January 23, 2017 Share Posted January 23, 2017 so should still use a risk management tool or management properly in conditions even if we've become a pro trader, forex it will still be at risk despite the most experienced traders because it is not a guarantee. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted February 2, 2017 Share Posted February 2, 2017 Forex has no 100% return guarantee but we can earn with it, for that we need to learn the basic to advance so that we can get to know what is profitable for our trading style. Learning is the key of success in this business. 1 Quote Link to comment Share on other sites More sharing options...
Charlie Marfont Posted February 6, 2017 Share Posted February 6, 2017 Forex has no 100% return guarantee but we can earn with it, for that we need to learn the basic to advance so that we can get to know what is profitable for our trading style. Learning is the key of success in this business. Agreed newbie should first focus on learning . Quote Link to comment Share on other sites More sharing options...
uncle gober Posted February 7, 2017 Share Posted February 7, 2017 Well it is true, I totally agree with that. namaun in addition to a focus on learning, beginner traders should also focus on good training, in order to further enhance its trading capabilities. thus the novice trader can more readily be fatherly trading using real account. Quote Link to comment Share on other sites More sharing options...
Latham Lapard Posted February 8, 2017 Share Posted February 8, 2017 At some stage, it becomes must to make investment; it’s simply out of reach to gain too much without it. So, we got to be ready for investment. I do that but in an extremely careful and sensible way. It’s through FreshForex with their mountain like offers especially the 48% Annum scheme, its GOLD! Quote Link to comment Share on other sites More sharing options...
radex78 Posted February 10, 2017 Share Posted February 10, 2017 If any trader having good skill they can become signal provider and or become manager pamm, and also now some broker offer bonus no deposit and this is also giving opportunity for trader that, want to start trading without capital and also as one effort can take part in demo contest with prize Quote Link to comment Share on other sites More sharing options...
uncle gober Posted February 13, 2017 Share Posted February 13, 2017 therefore we have to be really skilled and observant in seeing opportunities. therefore in tickmil I also utilize programs or promotions that are running that promo demo account contest with prizes have been provided. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 24, 2017 Share Posted February 24, 2017 The only reliable way is to become a pamm manager, with your skill i think you can open an account. First you can show the investor your screenshot to prove that you are a good one, by the time goes on you will get more investors to invest in your pamm account. Pretty simple, huh? As to become signal provider i see that as jokes, mostly are rubbish. Quote Link to comment Share on other sites More sharing options...
radex78 Posted February 24, 2017 Share Posted February 24, 2017 The only reliable way is to become a pamm manager, with your skill i think you can open an account. First you can show the investor your screenshot to prove that you are a good one, by the time goes on you will get more investors to invest in your pamm account. Pretty simple, huh? As to become signal provider i see that as jokes, mostly are rubbish.Become manager pamm is good if any trader really profitable or they already having profitable ea, this also become one another way to get earning from forex business, if so many investor joined hence also will get profit sharing as earning for manager pamm., but if manager pamm is bad trader also will hard to getting client because as investor also will look track record manager pamm Quote Link to comment Share on other sites More sharing options...
pepy Posted February 25, 2017 Share Posted February 25, 2017 Become manager pamm is good if any trader really profitable or they already having profitable ea, this also become one another way to get earning from forex business, if so many investor joined hence also will get profit sharing as earning for manager pamm., but if manager pamm is bad trader also will hard to getting client because as investor also will look track record manager pamm Well that is the risk of joining something like that, who want to trust someone who had a bad track record as pamm manager? I don't know and i think that you also will think the same. Track record of that pamm manager is really important and one of the key for investor to choose a pamm manager. But what i said before is actually that is one of the way to earn without use your own capital. Quote Link to comment Share on other sites More sharing options...
radex78 Posted February 25, 2017 Share Posted February 25, 2017 Well that is the risk of joining something like that, who want to trust someone who had a bad track record as pamm manager? I don't know and i think that you also will think the same. Track record of that pamm manager is really important and one of the key for investor to choose a pamm manager. But what i said before is actually that is one of the way to earn without use your own capital.If we having good skill might also can trying take part on contest demo, some broker usually always provided demo contest for client to attract trader take part in contest, if become winner hence will get prize as capital on real account and this is also free, or if we finding forum that paid us on every single post hence we also can start to get earning from paid to post forum and if already get enough earning can used for deposit account Quote Link to comment Share on other sites More sharing options...
pepy Posted February 26, 2017 Share Posted February 26, 2017 @radex78: Demo contest? Well i am not really fond of it right now, but that is a good thing for newcomers to see how good they are with the motivation. Usually the prize is real cash but i don't know if there is prize which turn into capital like that. Free bonuses is the only option which comes into my mind. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 9, 2017 Share Posted March 9, 2017 @radex78: Demo contest? Well i am not really fond of it right now, but that is a good thing for newcomers to see how good they are with the motivation. Usually the prize is real cash but i don't know if there is prize which turn into capital like that. Free bonuses is the only option which comes into my mind.Starg for newbie with bonus no deposit, this is also free of risk and for learning might can useful, but sometime if broker offer good amount bonus also there are certain rules to eligible withdraw profit bonus, as trader also need to reading term and condition regarding with bonus, and as another way, take part in contest also as one way to make money with free source Quote Link to comment Share on other sites More sharing options...
uncle gober Posted March 22, 2017 Share Posted March 22, 2017 if we do not have sufficient trading ability to trade using a real account, should we trade using a demo account first. demo account itself serves as a place to study or introduction of trading to traders, particularly novice traders. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 24, 2017 Share Posted March 24, 2017 if we do not have sufficient trading ability to trade using a real account, should we trade using a demo account first. demo account itself serves as a place to study or introduction of trading to traders, particularly novice traders.Yes we can use demo account or we can take part on demo contest, which we can improved skill tehnique trading to making better trading result, might on contest not good to trained money management and often work using high risk trading, because want to become winner of course they need making maximum profit on certain period contest time Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted March 28, 2017 Share Posted March 28, 2017 if we do not have sufficient trading ability to trade using a real account, should we trade using a demo account first. demo account itself serves as a place to study or introduction of trading to traders, particularly novice traders. Many experts say the same thing. One does not have to jump right straight with the real account. There is a lifetime left for that. First make yourself capable of bringing positive pips. Money can be used later. The forex market gives us the opportunity. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted March 30, 2017 Share Posted March 30, 2017 Fund management in forex trading is a key element in maintaining our balance when facing a situation that is not good in the forex market. because To manage trading well and truly in my opinion easier to make trades manually with discipline in money management are good. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.