Yes, if you are a bonus trader then you should read this post, because it is very much necessary for you to read this, most of the bonus traders do not know what to do next, they just think about today, they don't think about tomorrow, and when the bonus sponsor cancel the campaign then they start crying what had happened with them, this article is for those people who are interested in bonus trading but they don't have destination.
Now, come directly to the point, if you are a bonus trader then you should understand several things.
1. The bonus trading is not available all the time, there is a danger of bonus cancellation at anytime from the sponsor, and this is the right that you know.
2. They have rights to cancel the bonus and you can not sue them because you are far away from them and when you open an account for the sake of bonus then you should sign a contract before you signup in which you do agree that they have rights to cancel the bonus and profits over the bonus.
3. Now imagine, if they cancel the bonus and you don't have bonus to trade or capital to trade then what will you do man? of course you will try to search someone else to give you free money to trade with, but what will happen next? will you trust upon every trader? No.
4. There are certain conditions that a trader need to fulfill. Without meeting those requirements, if you try to withdraw then you will not receive a single penny, so if someone is giving you free money then he definitely will try to secure his money first, right? if he put some conditions, then you will find yourself in trouble while trading, because the winning ratio should be 80% in bonus accounts. Otherwise you will waste your time and energies. :)
But if you invest your own money then you will get the bonus upon deposit and some brokers allow bonuses to withdraw on certain conditions, but they are not as much hard as no deposit bonuses and forum bonuses. The thing that you need to do is just trade and complete the lots that are required.
I want to tell you all that if you are trading with bonus accounts then remember, don't try to gamble with bonus amount, if you do that then the broker will disable your account upon gambling and you will not get anything, else than anger and frustration. :) So, if you want to get something from forex market and want to make forex market as your career, then be patient, don't do hurry, just do small trades, gather profits, and then withdraw them in your e-currency processor wallet.
After you gather some good income from your bonus accounts then don't rely on bonus accounts, just keep doing whatever you are doing in the bonus accounts, but also open another account under any person or rebate company affiliation. Do your trading as you did in bonus account, don't increase the lot size, don't increase the timing to trade, just relax and keep doing your practice, I hope you will enjoy your trading and become a consistent profit maker, I hope you will find this post helpful for you, I will wait for your replies.
