Forex free money

With this development, it is now possible to actually trade the forex market without making any financial commitments at all. The normal trend was to sign up with a broker and make some deposits in your real account before you can start trading the forex market, but things has changed and broker have devised new ways of getting new clients every day. Once you sign up with the broker, you get real money in your account with which you can trade the forex market with. 3. For the trader to withdraw some real money from his or her no deposit account, the trader must have accumulated some trade points and made some profits. Form the profit made, the trader is expected to make some deposit to his account, which will serve as a trade capital, after which the trader can freely withdraw the rest of the profit made.

Free real money forex no deposit

Among forex brokers, there is a tough competition going on as to who will get the most number of novice traders. The race for new clients is so important to forex brokers that they are willing to sponsor their new clients by giving them access to take part in live forex trades without making any deposit. This is called the fore no deposit account.

In as much as this is basically to encourage people to trade the forex market, it is also important t know that there are terms and conditions attached to the forex no deposit accounts. These terms and conditions help the forex broker stay safe and not exposed to huge risks seeing as they are the ones sponsoring their new clients with their no deposit accounts. Some of the terms and conditions are

1. The trader must register with the broker and trade with the platform offered by the broker. This is the main reason why brokers go as far as offering traders the opportunity to trade the forex market without any deposit.

2. Once the client registers with the broker and is set to trade, the broke gives the trader access to an account with a certain amount of real money with which the trader can trade the live forex market on the condition that the trader does not withdraw the money. The money is there and can be traded with but the trader does not have the ability to make withdrawals from the no deposit account until some conditions are met.

3. For the trader to withdraw some real money from his or her no deposit account, the trader must have accumulated some trade points and made some profits. Form the profit made, the trader is expected to make some deposit to his account, which will serve as a trade capital, after which the trader can freely withdraw the rest of the profit made.

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of liteforex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of directive 2004/39/EC.

Forex trading without deposit | no deposit bonus explained

It’s generally known that in order to get started in forex, you need to put a lot of resources into it. And while these resources can be your time and energy, the most straightforward one is, of course, your money.

It’s no surprise that one regular lot is equal to 100,000 currency units – forex trading is definitely an expensive endeavor. However, there are still some ways in which you can start trading forex while maintaining some sort of profitability without spending hundreds of thousands of dollars.

No deposit bonus in a glance

In forex trading you can, in fact, start trading with no money of your own or even making a deposit. With free no deposit bonus offered by the top forex brokers, you can start forex trading without deposit with a good boost.

There is no sense in hiding the fact that FX trading is risky, especially if you are trading without proper knowledge and at least minimal experience. In an attempt to prevail over the risk of losing your money and to stay safe, it is undoubtedly better to start trading with a free forex account or no deposit bonus offered by various FX brokers. Especially if such deals are not so rare at this time and even best forex brokers sometimes offer such deals.

It is always better to preview all conditions that offer you an option to trade without money of your own. So, be sure to start forex trading without a deposit now and get yourself a good and reliable deal!

But let’s say that although you’ve learned how to start deposit free forex trading, it’s still too risky for you. Thankfully, there is an alternative. One way to start trading with a broker is by opening a free forex demo account for beginners. A demo account will allow you to try your hand at trading on the real market without ever touching real money. One of the best brokers to try a free demo account with would be FXTM. If you don’t want to be working with FXTM and want access to a reliable forex broker that offers its services around the globe, alpari offers a similar service, including forex trading demo accounts. If you are a US citizen that wants to trade with local brokers, then you should go for forex.Com, who offer their services within the US and are known to be one of the best brokers in the world.

Transparent pricing and fast, reliable trade executions on over 80 currencies

Start trading with the largest forex broker in the US

How to start forex trading without deposit: tips & recommendations

As a matter of fact, a lot of brokers worldwide try to offer their clients those no deposit deals, and we’ve even seen some trading apps without deposit popping up here and there. Do not perceive this as an act of generosity though, those bonuses serve as a sort of protection for them also. But still, this is good for you if you want to start forex trading without a deposit.

Here are some of the main considerations that can help you spot a decent no deposit bonus:

If you somehow dislike conditions and terms offered by the broker – simply skip the promotion. Let’s investigate the ways that may help you find the best bonus in FX. First of all, bonuses must be easy to understand and transparent in general conditions. If you see non-explicit information presented, avoid the promotion or ask the broker for clarification.

If you wish to take part in the particular promotion and start forex trading without investment, then do not overlook terms and conditions. Even the smallest detail must be in your sight. A free bonus is actually not always 100% free. Some brokers may ask you to deposit some money in order to collect your profits. Indeed, such promotions are scams.

Be attentive, because some forex brokers can demonstrate a good opportunity with their no deposit bonus, however it may ask to complete the trading volume requirement. Stay away from the bonus that asks to complete more than 1 lot for $10 to further unlock the profits and balance.

Bonuses can vary in terms of geographical location requirements. Therefore, ensure that FX bonus accounts of the broker are given in your country as well if you desire to start forex trading without investment. Furthermore, there can be account restrictions. This means that no deposit bonuses may not always be available for every account at a particular broker. Thus, check whether you applied for a correct account.

In addition, make sure what instruments can be traded to withdraw your profit before you begin trading as sometimes FX bonus accounts are not available for some of them. As for the withdrawal, some forex bonus brokers limit the maximum profit available to withdraw from the account. So, do not miss this field before you start trading on your no deposit FX bonus account.

Bonuses are frequently represented only in 1 currency equivalent. However, there are many no deposit bonuses that evaluate a similar amount in your local currency, so doing your research in order to figure out how to join forex trading without making any deposits is a good way for ensuring success in the long run.

Not ready for live trading? Try IQ option demo account!

Practice your trading skills with free $10,000 practice account!

How to start forex trading without a deposit?

As one of the cases, no deposit bonus may come with SMS verification. It is recommended to make sure that you have the right phone number prior to start applying for the bonus.

One of the last tips that can help you find a trustworthy no deposit bonus, or at least help you get through a scammer, is to save the terms and conditions document as a .Pdf file. Do this even if you deal with the best no deposit forex bonus account. You can use the help of your account manager and ask him to confirm all the statements of the bonus promotion in which you participate.

Start forex trading without deposit: introduction to best no deposit bonuses

Although there are very good no deposit bonuses offered by industry leaders and most proficient brokers, you should understand one fact: FX bonuses without a deposit are most frequently offered by bad brokers. That is the very reason why you should be very careful not to get entangled with a scammer.

All this leads to us stressing how important it is to be attentive at all times, so be attentive to details when researching how to start trading with no deposit bonuses. Fortunately, we have examples of the best brokers/investment firms.

Start forex trading without investment: XM forex broker

To begin with, XM is recognized by the united kingdom-based organization – investors in people for its powerful efforts in developing individuals to realize their entire potential and achieve both individual and corporate goals. We should also admit that this organization provides a huge amount of proven tools and resources specially designed to complement its unique framework with an aim to boost performance and indeed maximize sustainability. XM achieves this standard by showing that it is a driving force in the online trading sector and is committed to the provision of services and products of the best quality. How to start forex trading without money? If you are interested, you can claim the XM 30 USD no deposit bonus!

Get your 30 USD no deposit bonus with XM, and start trading today

*clients registered under the EU regulated entity of the group are not eligible for the bonus

No deposit bonus as an alternative – is it worth it?

So, now that you know what no deposit bonuses are and how they work, one question remains active: is it actually worth it to sign up for one yourself? Will you get any significant benefit from it?

The answer to that question is subjective; some traders can definitely find use in this type of promotion by amassing a small account balance and then turning it into a full-blown trading career. But in order to do so, you need to be very careful not to catch a scammer instead of a legitimate promotion issuer.

As for other traders, they often prefer spending their own money, which gives them more incentive to be more careful in the market – after all, it’s their own money they’re risking.

So, suffice to say no deposit bonuses have their time and place; one just has to seize that exact moment.

How to make money trading forex online

Chances are at one time or another, you’ve been asked by well-meaning friends to join the train of online forex traders. Or your interest has been piqued by the business and you’ve been told by numerous online sources that the best way to make money is trading forex online. Either way, it’s always important to understand the pros and cons of any venture you wish to embark on. Best believe it, it is not always bright and shiny in the online forex trading world.

Pros

It is easy to trade in online markets

You have access to a great amount of leverage making it easier for small retail traders to start their journey even with little capital

Con

Are the stories real? Can you make A living trading forex?

The internet today is rife with numerous forex trading victories. Are they just another cheap PR to get unsuspecting victims to embark on forex trading? The truth is there have been plenty of genuine forex trading success stories. But it all depends on you. How willing are you to work? How ready are you to learn the process?

Professional forex trader ezekiel chew has put down some seven noteworthy ways to become an excellent forex trader, beat the majority, and scale to impressive heights.

1. Learn the trade before you trade

Despite how exciting the process of trading may seem, it is always better you look, or in this case study, before you leap. That’s right. The better part of your excitement should be spent learning the art of trading.

Any tom, dick, and harry can open an account and start trading, but it takes so much more to make the money you dream of. Not to mention the tendency to be easily frustrated and to incur huge amounts of debt when you do not understand the process well.

How can you learn? A proper forex trading course is the best place to start your journey towards a successful forex trading path. They’ll teach you all the rudiments of trading independently and provide you with ample knowledge of trading strategies for the long run. You’re also sure to get follow on support when you embark on trading.

Make sure to be wary of scammers who promise quick success in a short period. A simple hack is that a good trading school will never promise such. They’ll only promise to teach you everything you need to know to trade effectively.

2. Set up A demo trading account

If you want to practice the trading process and get accustomed to the nitty-gritty involved, a demo account is an answer to your prayers. It enables you to practice forex trading on a “demo” capital, which is not real capital. This is because a demo account does not require capital to function.

Some of the perks are it helps you to get used to the trading interface and the process of placing orders on dummy trades. So when you do eventually start really trading, your boat would be smooth-sailing. A demo trading account provision is available on several trading platforms.

3. Beginning A piecemeal at A time

Trust us, you do not want to throw in a large amount of money at the initial stage of your trading quest. For one thing, a lot is at stake when you do, plus the emotional upheaval this may cause.

As a newbie, it’s best you start trading with a small amount of money and in the process, master the skill. You'll also have a lesser tendency to risk your account in the process. Leverage and margin also give you the ability to start really small. A good trading school will teach you all you need to know about leverage and margin.

4. Do not feel overwhelmed; price action is all that matters

Do not fall into the bandwagon of nouveau traders who clutter their chart with so many indices. Best believe it, at the end of the day, price action trading is all that matters. This cluttering of your chart also diverts your attention from what matters in the grand scheme of things, and you’re often rendered immobile from the numerous factors to consider.

And of a truth, technical analysis is not hard to decipher. It’s all about buying at very low prices and selling at a high price. The same way a trader would want to purchase goods in a store or from a manufacturer at low prices and sell to customers at a high price.

You will find that a good number of institutional traders do not care to crowd their charts with several indicators. They simply analyze prize levels and make a decision either to buy or sell within these prize ranges.

5. Find A forex trading strategy that works

We like to think that several indicators on a chart are like several stick-it notes on a refrigerator. You most likely placed them there to remind you of important things. But because they are many, they end up confusing and even frustrating you.

A good forex trading strategy that works need not be complicated. What is important is that it gives you an edge in the market. Look at trading in the long run. When your wins are more than your losses, you will be profitable. Finding the right forex trading strategy that is time tested through a series of successful backtesting is highly important.

Start off by mastering one strategy in a single pair. Swing trading strategies are one of them. Only move on to the next pair or strategy when you are profitable in a series of three sets of 20 trades. This way, you have a clear idea on whether or not you are profitable when compared to someone who is trading a range of different strategies and various pairs.

6. Trade within your limit

It is important to remember that a lot could go wrong with any trade at any given time. Do not be tempted to trade outside your accepted risk exposure in a week. Especially as a new trader, you could easily bankrupt your account in a short time when you trade above your limit.

Another advice is to count your losses and never keep a trade beyond the loss of its value. If chances allow, you ought to move to protective stop loss to decrease your losses. You also want to go the extra mile of protecting your profits by taking profits at strong levels.

One more thing: you should make use of trailing stops to protect winnings and at the same time creating an avenue for it to grow.

7. Keep track of your trading journey

There’s a reason why companies hire firms to audit their account. While your forex trading may not be the same as a company, they are both business ventures with the aim of making a profit. This way, you can determine how your trading has been going within a period of time. Your losses too should be accurately accounted for.

Keeping a record also serves as a practical lesson. Trading is essentially a lot of learning and a little doing. How fast you learn from your mistakes and apply your newfound knowledge will go a long way in projecting your profits and boosting your morale.

We understand that the art of forex trading can prove to be an emotional rollercoaster especially for the newly indoctrinated. However, it is important to take any losses with a grain of salt, for it is a part of the whole process of trading. Sometimes you win, other times you lose. What is important, however, is that you learn from your losses and wins too.

One strategy is to always make plans and be deliberate about those plans. Try to map out a clear cut pattern to attain any goal you set. Diligence and experience are what make a successful forex trader. And a right attitude to loss is what makes it a learning experience.

Some of the things you could include in your record taking include:

The date the trade was made

Screenshot of the chart of every trade

Explanation of where the trade was taken and reasons for the execution

Write out your performance in the trade

Write out how your performance makes you feel.

Creating a word document can help with all this.

Best forex robot free download in 2020

How to download a forex robot for free?

Looking for a free forex robot to download with no strings attached?

You’re at the right place! Scroll to the bottom of this page to receive a free forex robot download link.

Or you can read this post and understand what is a forex robot and how to use it. Having access to the forex autopilot trading robot free download will help. And how you can get even more than just a single free forex robot download link.

Have you ever thought about having a complete forex trading software that can give you everything you need to trade successfully? Including free trading robots, backtesting strategies, and more?

Forex trading doesn’t have to be difficult. More importantly, you should have all the tools and knowledge you need to make informed decisions. And to have your actions automated by a robot that has all the features you want.

Forex robots today come in all shapes and sizes, but as you go through them you may find that they’re not a good fit for you or the trading strategy you want to implement.

In this case, you may be better off creating a forex EA robot that has all the rules you want. Or something that’s been created by a like-minded trader.

What is a forex robot?

A forex robot can help you with some of the tasks associated with forex trading. It’s a tool that traders use if they want to buy or sell a certain asset and within a set time frame, for example.

Think of a forex robot as a digital assistant you can rely on.

When you’re away from the computer, sleeping, or on vacation you can let the trading software run by itself and it will complete actions on your behalf.

That way you won’t miss out on certain events as compared to manual trading alone.

Not all forex trading software is the same, though. You will need to do your research before buying one. Because chances are that it will have a different ruleset than what you’re used to.

As there are dozens or even hundreds of parameters, it may take some time for you to find the best forex robot free download.

And if you don’t have the right software to use, you won’t ever find them.

The good thing about technology is that everything is made easier. More accessible, and it’s the same with forex robots.

You won’t need programming skills or coding knowledge to trade forex autopilot. You won’t need to rely on other people to make the perfect trading app that you want.

Also, you can simply make your own forex EA, with a specific set of rules. Without having to spend hundreds or thousands on it.

Can you create a free forex robot?

The short answer is yes, you can create a free forex EA using a forex strategy builder software called EA studio.

Creating a free forex robot in EA studio

It’s an all-in-one trader’s platform that empowers beginner traders and seasoned veterans alike.

There’s a lot you can do when you get EA studio to help you in your trading journey. Even better is the fact that you can try it out 100% free for 15 days.

The robot you create can help like-minded traders make more money on forex. You can sell it or begin trading with it and not have to worry about spending too much on overpriced forex apps out there on the web.

It’s perfectly okay to try EA studio for 15 days and download all the forex trading autopilot robots you need for your cause. There are no strings attached and you’re not forced into anything.

If you like the experience you can get a license and continue using world-class forex trading software that’s used by thousands of people around the world.

How to create your own forex robot for free?

EA studio is the tool you need when you’re looking for a forex robot free download.

It’s a comprehensive forex strategy builder unlike any other. For one, you’re not tied to a single strategy that the experts ‘recommend’, or restricted to buying a forex EA robot you won’t use.

You can come up with your own depending on your style of trading.

Better yet, EA studio allows traders to test out their theories and future strategies in a safe environment. Backtesting is allowed, even encouraged in order to keep things fresh.

You’ll feel a genuine sense of fulfillment knowing that a plan you came up with worked and is bound to do the same in real life.

Moreover, there’s a free course on how to use EA studio and a 15-day free trial so you can try it out risk-free.

Doing this increases your trading knowledge and prepares you for the exciting world of forex autopilot trading.

Forex beginners, take note – you can learn the ropes and get a forex robot free download at the same time. After the course you’ll learn everything there is to know about EA studio and can move with confidence in making your own forex autopilot trading robot.

During the 15-day trial, you can perform as many free forex robot downloads as you want.

Install the free forex EA robots on the metatrader platform, try out their functionalities, and test them in real-world settings.

You’ll be bound to find one that works according to your strategy.

In those days you’ll mostly have an idea of the kind of forex robot you want for your own. If this is the case then you can create a free forex robot by feeding the program with your rules and export it to working software.

Is the 15 days not enough to get the best forex trading automation software for your particular needs? You can get a license for a low cost and continue enjoying the features and benefits EA studio provides.

Forex trading can be difficult and has a high learning curve. Beginners will have a shortcut to getting what they need quickly and most of all, a working free forex EA robot that can complete trades on their behalf.

Therefore, it makes sense to enroll in the EA studio’s free trial so you can save time and money. More importantly, you can get a free forex EA autopilot trader in the process.

A free forex robot download can guarantee the following benefits:

Free

They say that the best things in life are free, and that’s true for forex software. Nothing beats free especially if it’s one that can make you money to live comfortably.

EA studio is free to use for 15 days. During that time, you can explore the platform and see what it’s all about. Once you have a basic grasp you can then head to the forex robots section and check out what’s available.

You can get a forex robot free download if you make or download one within the 15-day limit. If there’s a certain strategy you use, then you can put in the rules and export it for free.

Otherwise, you can download many free forex EA robots and choose from the one that suits you best.

Also, you can continue trading with the trading robots when your trial account expires.

Don’t pay for what you won’t need

Why waste money on trading software you won’t need after a few days or a week? That money can be spent on other things, such as acquiring more assets, investments and the like.

Forex trading apps aren’t cheap, and everyone wants to make a quick buck. The best forex robot isn’t one that’s made by others, because chances are that they’d put in all the things they want which won’t help your cause.

More, they were created for other brokers, and not for the one you use. Something essential that many EA buyers don’t understand.

Forex robots on metatrader platform

Making money is the top goal in forex trading, and saving money wherever you can is key to trading successfully. When you eliminate the tools you won’t use then that’s money you can use somewhere else.

Convenience

A forex robot also referred to as expert advisor, is like your very own trading assistant that can make the right decisions and act on your behalf.

This means you won’t have to be tied to your desk for two, five or eight hours, constantly checking on the market to see if there’s anything worth trading.

That said, a forex robot adds to your convenience because it frees up your time spent trading for the more important matters. At the start of the day, you can boot it up and leave it running throughout.

The EA trading robot will pick up on market trends and actions and depending on its ruleset, buy, sell or do nothing. All you need is a computer, a stable internet connection, and EA studio.

Automation

Automation makes work easier. A forex trader’s success mainly lies in making the right decisions day in and day out. Having software that’s grounded in rules can be more reliable than traders themselves because of one factor – emotion.

Automation takes guessing out of the picture because its movement is based on the parameters you set. This means that when you tell it to buy stocks when a certain asset reaches X amount or to sell when it drops down to X numbers.

Conclusion

You won’t have anything to lose by trying out the 15 day free trial offer on EA studio. Head on to the site and make sure to brush up on the free course before exploring the ins and outs of the forex trading software.

Within the free trial period, you can download free robots and try them for as long as you like. Afterward, you will need a license to continue but the benefits far outweigh the price.

Remember, a forex robot guarantees perks such as convenience and automated trading done for you. This means you can make money even when you’re not actively trading as long as the forex robot is running.

Try it now and see for yourself!

Enter your email address to receive the free forex robot download link.

Which is the best forex robot?

Many traders look for the best forex robot and they never find it. The most profitable expert advisor is the one that is created for your trading broker and your trading style.

Can I download a free forex EA robot?

On many websites, there are free trading robots. However, you always need to test them on a demo account to be sure that they work properly.

What is the forex autopilot trading robot?

The trading forex robots execute the positions for the traders automatically. This is why they are said to be autopilot trading robots.

Does forex trading robot software really work?

The forex trading robot software is a program that helps the traders to automate their trading strategies as robots. Such programs are EA studio and FSB pro. If your strategy is profitable, such software will help you build the robot for the strategy.

How to get money back from forex scam – can you even get it back?

How to get money back from forex

Forex trading is one of the most famous forms of trading on the internet. There was a time in the past when you had to go to money exchanges to get a different currency for the currency you had. However, you can now trade fiat currencies from the comfort of your home, thanks to the online trading industry. When you trade online, you sign up with an online broker first. This broker gives you access to the forex market where you can see all the available currency pairs that you can trade. You can pick any currency pair and trade it with real money. You deposit this money into your online account through bank wire transfer, credit card, or some other method.

If you feel that you have been scammed by a forex broker trading scheme then you are welcome to visit our investment and trading scams page, for more information or visit our contact page to get help.

However, the fame of online trading has attracted many black sheep in the industry. You now have many online forex brokers that are not brokers at all. They are scammers in disguise you want to snatch away your money. Millions of people lose their money in the hands of these fake online brokers. And if you are one of them, you are also wondering how to get money back from forex scam. Can you get it back?

How to get money back from forex scam – getting it back is possible

If you are lucky enough, you can get your money back. Saying that you can’t get your money back at all would be wrong. As you continue to read, you will find out some methods that you can use to get the money back that you have lost in the hands of an online scammer. It won’t be wrong to say here that you have to be very lucky to get the money back. Even if you involve the police or some other intelligence agency, the chances of you getting the money back are very thin. You have to keep in mind that many of these online scammers have created their system after proper research.

They know how to deceive you and escape the system. They scam you, take your money, and disappear to never show up again. Not to mention, you never really know their real identities, and that’s why catching them becomes nearly impossible. However, things have changed in recent years. Today, the chances of you getting the money back have increased tremendously. Let’s discuss three methods that can help you get your money back from an online scam broker.

Methods to get your money back from forex scam

· calling your local police – very little chance

The first on the list of how to get money back from forex scam is the police. Yes, whenever you are scammed or you find yourself involved in a scenario where you have been deceived, you should get in touch with your police. That’s actually the best course of action you can take. However, your local police have some limitations. It cannot catch the thieves that are outside its domain of operation. So, if the broker is located in your country, there is still some chance that the police will get it. However, if the broker is located in some other country, you have nearly no chance of getting the money back from the scam.

· getting in touch with a regulatory authority – 50/50 chance

Now, you will be lucky if you sign up with a broker and get scammed, and then find out that the broker was regulated. If the broker that scammed you is regulated, you have some chance that you can get your money back. You just have to go on the website of the broker and find out which regulatory authority regulates it. After that, you just need to get in touch with the regulatory authority. You might find a contact form on their website or a phone number that you can call. You should immediately inform them about the mishap. You should tell them the name of the broker clearly.

If they have already gotten some complaints against the same broker, the chances are very high that they might even seal the website of that broker. However, such a perfect scenario does not happen every day. Why? Well, why will a scammer get regulated? Yes, in most cases, you are scammed by forex scams that are not regulated in the first place.

· getting help from money-back – very high chance

When you get in touch with money-back to file a complaint against an online forex scam, your chances of getting the money are very high. In fact, when you search how to get money back from forex scam after some years, money-back might be the only name you will find in your search results. Money-back has started only four years ago with its services. It has already served clients from many countries of the world with their issues with online brokers. The company has already dealt with more than a thousand cases successfully, which means the people who filed the complaint against the broker with money-back got their money back.

Why is the success rate of money-back so high in getting the money back from online scam brokers? Well, the company has been formed by a team that consists of professionals lawyers, psychologists, and industry experts. They have come together to form a team that not only knows how the laws that govern the online trading industry but also the tactics that make these online scammers give money back to the traders immediately.

Final thoughts

Just a few years ago, you could not have gotten your money back from the online scammers. If you searched for how to get money back from forex scam, you would have landed on the website of your local police after all. However, local police are usually not able to do anything when the scammer is located on the other side of the world. That’s where you need only digital police like money-back. These scammers are ready to give traders their money back instantly when they hear a lawyer on the phone, and when they know they will lose millions when the case goes inside the court. So, choose your online broker wisely, and your well-wishers even more wisely.

Trading money: FOREX, cryptocurrency, or both?

Investors have no shortage of vehicles into which to put their money. There are stocks and bonds, commodities, real estate, and other opportunities. Investors who prefer to trade money itself can invest in different currencies by way of the FOREX market. Cryptocurrency is yet another option.

For money traders, investment decisions often come down to deciding between FOREX and crypto trading. Evangelists in both camps push their preferred option over the other. Smart investors do not take sides. They understand that both FOREX and crypto trading have their pros and cons. They are willing to at least look at both opportunities, if not actually invest in both.

Fiat currency vs cryptocurrency

Before investors ever get to decide what to trade, they have to understand the fundamental difference between fiat currency and cryptocurrency. FOREX (foreign currency exchange) trading involves trading the 180 fiat currencies recognised as legal tender by their relevant government authorities. The euro, US dollar, and british pound are all examples of fiat.

Cryptocurrency is a digital currency created by computer software. It is not considered legal tender in any country in the world, with one or two exceptions. Venezuela comes to mind, though their national cryptocurrency might just as well not be legal tender as it has virtually no value.

Among the many differences between fiat and crypto, the most significant is issuing authority. Fiat currencies are created and issued by central banks and backed by central governments. Cryptocurrencies are created and issued by private organisations. As such, they are not protected by law. When you trade in cryptocurrency, you are at the mercy of the rest of the crypto community with an interest in that particular asset.

How currencies are traded

The actual process of trading currencies differs between FOREX and crypto. Currencies are traded on the FOREX market through software platforms similar to those used by securities traders. Trading platforms for currency traders are plentiful, and some platforms are easier to use than others. Essentially, you log on to your chosen platform where you can do research, track prices, and initiate buy and sell orders.

Trading cryptocurrency is a bit more complicated, although it is not hard. To trade, you need to have an account on a cryptocurrency exchange. Like cryptocurrencies themselves, exchanges are privately run organisations that are only loosely regulated in most countries.

Crypto trading can be done in one of two ways. The first option is a straight-up buy or sell that is no different from e-commerce. The exchange lists a price and you buy at that price. The same goes for selling. The second option is to trade the same way fiat currencies are traded. This involves tracking prices and initiating buy and sell orders.

Successful trading in both markets is not a matter of chance. Traders have to stay abreast of market conditions in the short term. They also need to be able to look toward the future in hopes of anticipating what might be coming.

Trading volatility

Both FOREX and cryptocurrency trading share one primary characteristic: volatility. Despite how currency values are determined – FOREX pricing is determined by pairing one fiat with another while all cryptocurrencies are valued in US dollars – both types of trading are subject to huge market swings.

The price of a given currency can be sky-high today and rock-bottom tomorrow. It doesn’t take much, either. For example, movement in unemployment numbers can affect fiat and cryptocurrencies. Major events, like unrest in the middle east, can send prices tumbling. Trading in either asset is not for the faint of heart. You have to be willing to endure the volatility if you expect to make money.

Taxes and fees

One last thing to consider about FOREX and cryptocurrency trading are those costs incurred via taxes and fees. Both types of trading are subject to fees. Trading platforms charge fees, usually on both sides of the transaction. In other words, both buyers and sellers pay a fee as a percentage of the transaction. Some platforms also charge a flat fee on top of the percentage cut.

Fees in the FOREX market tend to be more comparable from one platform to the next. This is likely due to the fact that FOREX trading is heavily regulated to the extent that all trading platforms exist on a level playing field. There is less stability in cryptocurrency fees. A lack of crypto regulation lets the exchanges in some countries do as they please.

The one advantage FOREX trading has is taxation. Profits from FOREX trading are not taxed in most countries. This is largely due to the fact that currencies are not considered securities. Traders are making money simply by taking advantage of exchange rates. Most central governments do not see the results of such trading as profits.

On the other hand, most central governments view cryptocurrencies as securities. They are classified as no different than stocks, bonds, etc. For tax purposes. Thus, profits from cryptocurrency trading are generally taxed under capital gains regimes.

When you take all this into consideration, the differences between FOREX and cryptocurrency trading are not as drastic as they might seem. There is no need to choose one over the other; you can trade in both and do very well. You just have to be cautious and never stop learning.

Best forex robots 2021

For a long period, we professionally research the forex automated trading market. Over the years, we have gained experience that we systematically share with you in our reviews. Choosing an EA is a very important procedure, as it involves using it on a real account in order to make money. In the table, we have put together the ratings and results of the best trading robots performing.

ROFX is the best way to get started with forex. The system, based on machine learning and customizable patterns using AI, allows you to have up to 10% of monthly profit without the need for any effort. In confirmation of their capabilities, the first deposit to a real account with a robot was the amount of ten million dollars. ROFX provides a well-designed PAMM system that means that all robot performs go on the company servers.

Forex fury is an incredibly popular robot showing a stable and predictable profit. On the one hand, the robot allows you to make many settings to adjust the trading to the needs of the trader, but on the other hand, it requires not a little knowledge in order to effectively manage it. The robot holds its winning rating at a level above 90%, which in itself is a unique phenomenon in the world of trading robots.

Forex robotron is another example of the success of forex trading using a fully-automated trading robot. Trading with it shows high and predictable results. The monthly gain is more than 20%. At the same time, the robot requires deep knowledge and understanding of trading processes in order to achieve similar results. That is why it can be difficult for beginners to master working with it.

Each experienced forex trader has gone through a long phase of formation, ups, and downs. Many of them nulled their accounts several times while learning to trade. All this time, traders had to analyze the history of trades, follow the news, and trades on their own so on day after day. With the advent of trading robots, many of these routine functions were taken over by them.

The robot is a fully automatic program and doesn’t require you present. This allows beginners to start trading forex immediately after the deployment of the program and does not require previous experience. This is a great advantage for those who want to try their hand at forex trading.

The robot provides work in a fully automatic mode, giving a stable passive income. At the same time, its owner can control all its aspects of the activity, configure it at its discretion, control the current trading process from market analysis, to entering and exiting a position.

Robots are usually developed based on some strategies that have already brought substantial profit to their owners. By applying them at the core of the robot, devs thus allow you to get your profit too. A feature of some robots is that developers maintain the availability of analysis of the history of trading operations so that traders can use this data to improve their own strategies.

Knowledge-free to start earning money on forex

Fully-automated trading, without needing of understanding performing processes

Usually, the seller provides back-tests and shows a robot perform on a real or demo account

30(60)-days money-back guarantee is an option from many sellers.

Completely removes influence of the emotional statements during trading

A robot can run on many accounts, as well as, trade effectively many currency pairs at the same time

It can perform 24/7 giving you opportunities to spend your time whatever you want

Free-trial a robot for applying it on the demo account is also quite often option

You know the strongest sides of a robot you chose, so you can easily improve your own strategy.

You can easily compare the official robot performing with the performing of your copy, so you’ll be able to simply find out when your robot becomes a scam.

Running a robot on your PC is required to be online 24/7 and get a stable connection.

There’s high enough chance to get a scam instead of a trading assistant.

Price varies depending on futures, patterns, amount of currency pairs, etc.

30(60)-days money-back guarantee is an option from many sellers.

Sometimes, there’s a high level of the min account balance for smooth trading with low risks.

Here are some functions which are applied in almost every good trading robot:

The forex robot is usually designed with the settings that are responsible for managing current trading transactions. These are the following functions: hard stop loss, trailing stop loss, and take profit features. Both experienced traders and beginners should take into account that without these functions, they will not receive full-fledged automated trading.

A developed set of patterns that include not only the parameters of the trade but also the specified criteria for market analysis. Thanks to this system, the robot is able to independently decide on the selection of the most successful entry and exit points. Typically, the robot is programmed to use technical analysis and indicators: order flow, support and resistance levels, and RSI or MACD.

With automated trading, a lot depends on how accurate and fast the robot is in making decisions. The EA must provide its owner with timely entry and exit points from transactions, which in turn should significantly increase the profitability of its work. The ability to enter a deal at the lowest point and exit it at the peak distinguishes a good robot from a bad one.

Trade accuracy

Numbers of traded currecny pairs

Different risks level management

Performing and order execution speed

Official performing data (gain, profit) from myfxbook and fxblue sites

Pricing for buying/subscriptions

Support availability

User interface

Bitcoin or other crypto trading availability

Customization of the standart patterns

It’s a computer program developed by devs and traders. It works on the proven patterns that allow you to make profit using robot owners’ trading experience.

A trading robot (EA) fits everyone. For beginners, it suggests the smooth start of trading on the forex. For good traders it lets relax more, using combined strategies of robots and trader to get better results with same amount of spent time.

Robots prices start from $99 to $25000 depends on futures and strategies. Most of the robots start to work well from a $1000 deposit

Not at all. From buying to applying usually goes about 10 minutes. No special knowledge is needed.

Yes, it does. Every robot is developed with the stop-loss system that allows you to lose not so much if it’s happened

It mostly depends on the risk you trade with. Our experience tells +100% of annually gain is good profitability.

9 best free forex signals for UK traders

Forex signals providers offer a lucrative alternative for traders who don’t have the time to follow the market for potential trading opportunities or who haven’t had much success in their trading journey.

Picking a reliable signal provider can help you increase your trading performance and grow your bottom line.

However, just like anything in life, you have to balance between the pros and cons of each signal provider – especially if their signals are free of charge – and understand that there is no free lunch in the world of financial markets.

Still, we decided to review the best free forex signal providers out there and provide a description for each of them, so you can choose the one that suits your trading needs.

In addition, you’ll learn what you need to look for in a forex signal provider, and if there really is a large and measurable difference between free and paid signals. So, let’s start!

What are forex signals

You probably already know what forex signals are, but it doesn’t hurt to cover the basics again. Ideally, forex signals are potential trades sent by signal providers, which you can blindly follow and open on your trading account without the need to spend hours in analyzing the market by yourself.

The forex signal provider does the hard work for you, and you simply have to open the position based on the provided entry price, stop-loss and take-profit levels.

The signal provider may either decide to send the signals for free, or to offer them based on paid monthly subscriptions. As our research shows, the most common situation is that the signal provider combines free and paid plans – with the paid plans having additional features such as a higher number of signals sent out during the month, signals with higher profit targets, e-mail support and so on.

What to look for in a forex signal provider?

There are many forex signal providers on the market, and picking the right one is not an easy endeavor. Naturally, the most important factor is the profitability of the signals.

While some signal providers do have verified track records, others don’t trade the signals themselves and offer only “hypothetical or simulated performance results”, as per CFTC rule 4.41 . In this case, you may experience different results than those claimed by the signal provider.

The second important characteristic of a good signal provider is the support you receive along the way. Many traders may find it reckless to blindly follow signals, and that’s one the reasons why a growing number of signal providers provide additional commentary and details for each signal they send.

Those include the reason why a trade should be taken (both from a fundamental and technical perspective), the accompanying chart with exact entry and exit points, and the risk-to-reward ratio or other trade management guidelines such as when to take partial profits or when to move the stop-loss level to breakeven. This approach makes many traders feel safer and more convinced to open a trade based on a signal.

Finally, forex signal providers have to provide active support to their subscribers in case a trade setup becomes invalid or needs to be closed before the profit target is reached. However, this kind of support is more a quality of paid plans rather than free ones.

The difference between free and paid signals

Our research has shown that most signal provider combine free and paid plans, with the paid plans usually providing additional features.

Some signal providers decide to limit the number of free signals and to offer only basic entry and exit points, without detailed market commentary.

Others don’t place this kind of restrictions on their free plans, but decide to delay the availability of free signals so that you miss the initial move and a part of the profits.

Still, there are some great sources in our list where you can trade on signals completely free and without any restrictions.

9 best free forex signals for UK traders

Daily forex

Daily forex is one of the more popular sites about forex trading, backed by 500 thousand monthly visitors who can find a variety of information and market updates on the site.

They also offers completely free forex signals, although with no verified track record. Their signals are open to anyone and can be accessed directly on the following link .

Beside entry and exit points, the experienced staff at dailyforex also provides risk management guidelines such as when to move your stop-loss to breakeven, or where to close a part of your position.

However, take into account that their signals are mostly based on lower time-frames, so you’ll have to spend more time following their updates and managing your trades.

Forex GDP

Forex GDP provides up to 4 signals during the month on its free subscription plan, with a target between 90 and 150 pips (according to the website).

Free signals are accompanied with basic entry and exit points and are sent out via whatsapp. In addition to the 2-4 free signals, you get 2 trade ideas on which you can trade on.

If you want additional features and higher profit targets, you’ll have to go with one of forex GDP’s paid plans.

The premium plan costs $84 per month (discounts available for long-term subscriptions), and offers 8-12 signals with a profit target of between 300 and 700 pips. You’ll get accurate entry and exit points, email support and up to 6 trade ideas on top of the signals.

Finally, the supreme plan starts at $147 per month and includes 16-25 signals with a target of between 700 and 1500 pips. Beside forex, this plan also includes signals for commodities, which is a welcoming features considering the volatility and profit potential of this asset class.

Babypips

With almost 2 million monthly visitors, babypips.Com is considered an authority site on forex trading.

Along a free trading course that teaches you both the basics and more advanced concepts in an interesting way, the site also features a “trade ideas” section with regular updates on potential trade setups.

Each trade idea is described in detail both from a technical and fundamental perspective.

However, the focus of their articles is to educate you on how to analyze the market and to explain the reason why something is happening.

So if you’re looking to follow precise entry and exit points without much involvement, babypips may not be for you.

Forex signals

Forex signals is not just a signal provider, as it also offers access to live trading rooms. You get a real-time overview of how their traders view the market sentiment and place trades, along with valuable commentary for each trade.

In case you don’t want to follow the signals and place the trades yourself, you can also invest in their managed account which has a profitable and verified track record.

While forex signals are not completely free (their monthly membership costs $97), you can try a free 7-day trial to check whether this signal provider suits your trading style and needs

Darwinex

Darwinex is an intuitive platform unlike any other mentioned in this list. Investors have the possibility to invest in “darwins”, which are trading strategies back-tested by darwinex over the last five years and through various market conditions, in order to make sure that your investment is safe and secure.

Traders that are behind the darwins receive a 20% performance fee, which means that you pay only when the darwin makes money – there are no hidden fees or commissions.

The site allows you to check the past performance of each darwin, so you can decide which strategy suits your risk tolerance based on maximal drawdown and historic results.

Tradingview

While not a signal provider per se , tradingview is considered one of the best places for traders to share their trade ideas and market views.

With millions of monthly visitors (63 million as of may 2018), you’ll find tons of trading ideas to borrow. One the left-hand side of the website, you’ll find the top authors for the day, the week, the month and all time.

Many traders post their trade setups with exact entry and exit points and chart commentary on a regular basis, so you’ll stay up-to-date on trading opportunities across all asset classes (even cryptocurrencies are covered.)

Tradingview is perhaps one of the most efficient websites on this list, as you can filter out which ideas to follow based on the past performance of the trader while staying inside your own risk tolerance. And the best part – everything is absolutely free.

Live forex signals

The site features a clean interface with a real-time performance chart for all signals during the day. Also, the site showcases a table with the historic monthly performance and an overview of all previously released signals together with their results.

While there are also paid memberships starting at $29 per month, all signals are freely available on the homepage after a certain amount of time.

This means that you might miss the initial move of the currency pair, but if the TP or SL levels haven’t been reached yet, you still have a chance to jump into the market.

Tradeo

Tradeo is another popular free signal provider which also offers the possibility to interact with other successful traders. They post their trading signals, and you can decide which trader to follow based on his past performance.The social feature is a standout benefit compared to other websites. Being able to see who was buying or selling at certain times gives you inside knowledge and an idea of who is thinking what about a particular security.It also gives you the power of retrospective analysis to then figure out who did well on what trade and follow them.

Fxleaders

Beside news and opinions on current developments in the forex market, fxleaders also features a forex signal service. Although a part of the signals is provided for free, you need to subscribe to a paid monthly subscription package in order to receive the full signals.

On a free basis, you get the active and upcoming signals with their respective stop-loss and take-profit levels (no entry price provided here).

However, if you know some basics of technical analysis, you might find an entry price that works for you and apply the stop-loss and take-profit levels from the free signals.

Top forex bonus list

How do you receive the signals?

Forex signal providers use a variety of ways to send out their signals. Naturally, you need to be able to receive the trade setup on time so you can immediately act on it. Some of the most popular ways to receive signals are:

Via e-mail – the signal provider sends the signal to your inbox. However, in case you don’t use push notifications or are not in front of your computer, you may miss the perfect time for opening the trade.

Whatsapp or viber – instant messaging services are very popular among signal providers, and you have benefits too. Some providers will send you the signals directly on whatsapp or viber, so the chance of missing the trade is minimal.

Telegram group – similar to instant messaging apps, telegram is also a popular software for signal providers to share their trade setups. Depending on whether the provider uses a channel or a group, you may also be able to discuss the signals and trades with the provider and other group participants.

Final thoughts

All of the listed forex signal providers offer a way to access their forex signals free of charge.

While some websites do have certain limitations on their free plans (smaller number of signals, smaller profit targets, delayed access to signals, free trial periods etc.), they’re still the best sources of trading signals we were able to find on the internet.

Whichever provider you pick, make sure to check whether its signals respect your personal risk tolerance and risk-to-reward ratio, and you can also combine a few signal providers from the list in order to get the most out of them.

12 years experience in e-commerce, content marketing, affiliate marketing, SEO and starting and running several bricks and mortar businesses including a short term credit provider, motel & convenience store.

My money manager

My money manager is a trade risk controller, which places your trades with the exact volume that meets your desired stoploss risk. It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position is opening.

With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and professional work now.

This tool is the money manager part that splitted from auto trade driver.

License types	trial license	full license	subscription license	referral license
price	free	49$ / license	12$ / 1 month 24$ / 3 months 36$ / 6 months	free
simultaneous accounts per license*	1 account at the same time	10 accounts at the same time	10 accounts at the same time	referred account(s)
expiry	7 days after registration	no	after subscription period	no expiry as long as your account is under our referral and account balance is at least 1000$
how to get	free registration	purchase by our supported payment methods	purchase by our supported payment methods	open live trading account with one of our partner brokers under our referral and deposit at least 1000$

*you can use the product with any account number or on any computer/VPS. But only a maximum total amount of simultaneous accounts is allowed to use the product at the same time.

Compare with our other products

1. Installation:

Unzip the product’s package, you will see the “my money manager.Ex4” and “my money manager.Ex5” files.

Go to MT4 or MT5 data folder by opening MT4/MT5 terminal -> main menu -> files -> open data folder.

Copy .Ex4 or .Ex5 file to directory path: /[data folder]/MQL4(5)/experts/. Go back to MT4/MT5 terminal -> main menu -> view -> navigator -> right click on expert advisors folder -> refresh -> find “my money manager” -> double click or drag it the the chart that you want to work with.

At startup window -> common tab -> enable “allow DLL imports” and “allow live trading” check box.

Switch to input tab, enter your registered email address and activation key in order to activate your license.

2. Commission setting

Commission setting is used for risk management calculator to determine the exact lotsize that match with your risk. Commission is counted to trade’s profit/lose in order to giving the exact result of the trade.

Commission type: this is how your broker charges commission. It should be “account currency” if commission is charged on account currency unit, or “base currency” if commission is charged on base currency of the trading pair.

Commission per lot: the amount of currency units that charged as commission for a round turn standard lot. If your broker/account type doesn’t charge commission, just leave this value as zero.

3. Risk management

This feature calculates required volume that meets your accepted stop loss risk. You choose EP and SL with a specified risk percentage of balance that you accept to lose at that stop loss point (including commission), the tool will auto-calculate required volume. Then, you just need one click on the button BUY, SELL, or PLACE ORDER (with pending order), and order will be sent immediately. If you want to calculate and place order with other pairs, just use this tool with those pairs.

Stoploss risk: the risk percentage that you accept to lose if stop loss occur.

Est. Loss+commission: the estimated loss you will incur at stoploss point. This total loss amount includes order’s loss and order’s commission.

Order type: choose the order type that you want to take place.

Order comment: note for your order as regular MT4/MT5 order’s comment.

Magic number: set the magic number to your placed order for further purpose. Magic number is a unique number that you can set to idenfy your order. If you don’t have special purpose, just leave it as blank.

Set SL/TP by: choose how to set stoploss/takeprofit point. It should be “price” if you want to set SL/TP by a certain price value, or “distance” if you want to set them by a distance from the entry point.

Adjustment step: increase/decrease space of the price adjustment when using increase/decrease arrow button

Stoploss/takeprofit/distance: value to determine the stop loss/take profit point. Setting stop loss point is mandatory to calculate appropriate volume (you may remove stop loss later if you want, but need to enter a value to calculate volume and place order). Leave take profit as zero means setting an order without take profit.

Order dragging feature: when you are setting EP/SL/TP on the control panel, you will also see that there are horizontal lines with corresponding level on the chart. You can select those lines and drag them to adjust order EP/SL/TP. Due to those level, order type will be auto selected.

This is frequently asked questions (FAQ) and our answers relate to features of product my money manager (MMM). For other general FAQ, please check at our main FAQ area. If you have further concern, please leave your question at our contact page.