Table of Contents
How you can trade without capital and without natural losses
If you are a beginner and are still hesitant to 'jump' directly into the world of trading for fear of loss, there is a way for you to trade without capital, which is to open a demo account first.
A demo account is a type of account provided by the majority of forex brokers where traders who are new customers or beginner traders can trade without the risk of losing money. Traders can view price movements in the forex market on the application provided by the broker along with a demo account.
Not only that, traders can also execute buy or sell or close trading positions (close), and practice strategies according to the actual market conditions. However, by using a forex demo account, traders do not need to provide capital for deposits.
On a demo account, the deposit (balance) on the trading account is virtual money or not real money provided by a forex broker for free. If it is profitable, then you cannot withdraw funds, and vice versa, if you suffer a loss, you do not really bear the loss.
For beginner traders, a forex demo account will give you a real picture of online forex trading, A forex demo account is useful for maturing your trading skills before traders decide on a real account, as well as practicing analyzing and executing trades.
Beginner and experienced traders can take advantage of the forex demo account to test the trading system freely and freely without fear of losses if they make mistakes. For traders who are still looking for a broker, then by registering a forex demo account, you can see how the technical performance of a broker is.
So, how to trade without capital but can withdraw?
1. Open a trading account at a forex broker that is promoting a no deposit bonus
The first way to trade without capital is to take advantage of the no deposit bonus. A no deposit bonus is a promotional program of a particular forex broker that provides deposits to new traders who create a trading account with that forex broker.
This bonus allows traders to open a real account without the need for a deposit and instead, the forex broker will top up the account balance with a certain amount of funds, so there is a balance that you can use for trading. Forex brokers usually provide this facility to attract traders to become new customers of the forex broker.
It is important to note that the no deposit bonus also comes with some important rules that limit the trading conditions and withdrawal of funds. The policies of each forex broker will usually vary, but the most common provision of these bonus programs often lies in the withdrawal requirements.
Also Read: 6 Simple and Easy Ways to Play Forex for Beginner Traders 7 Ways to Get Money Quickly and Halal Without Capital
|
There are forex brokers that do not allow you to withdraw the deposit that has been given, but there are also those that allow traders to withdraw the deposit funds after meeting certain conditions. However, trading profits generated from no deposit bonuses can usually be withdrawn more easily.
Think of the no deposit bonus as an opening for you to trade without capital and be able to make a profit. Trading using a no deposit bonus will increase your ability to develop profits from a small balance. Here are tips so that you can use the no deposit bonus to the maximum.
- Choose a forex broker that offers a no deposit bonus carefully.
- Carefully study the terms and conditions of the no deposit bonus.
- Don't be spurred to chase bombastic bonuses, make sure the terms and conditions are in accordance with the trading conditions.
- Treat the no deposit bonus as free capital for forex trading without capital, not as money that you can withdraw.
- Try to profit from the no deposit bonus to make it easier for you to withdraw funds.
2. Participate in demo account trading contests
The next way to trade without capital is to participate in a trade contest or demo account trading contest held by a forex broker. You can think of this as an online gaming competition, only what is being competed is playing forex and competing to become the trader with the biggest profits.
Don't worry you have to spend capital because all that is contested is demo trading, using virtual money that has been provided by the forex broker. You just have to open a demo account for free and start playing forex trading demo without capital to collect the maximum profit. The broker will award prizes to several winners as specified.
Not only can you use cash to trade, some forex brokers can also offer other lucrative prizes. Compared to no deposit bonus promos, participating in demo account trading contests tends to be more difficult because you have to compete with other traders for prizes.
However, the rules for withdrawing funds that are prized are not as complicated as the withdrawal policy on the no deposit bonus. In fact, some forex brokers provide a straightforward option for contest winners to withdraw the prize in cash or deposit it into a trading account.
Want to trade forex safely with a minimum deposit?
GICTrade is the choice for those of you who want to trade with a minimum deposit. Although trading without capital is not impossible, if you want to get serious about forex trading or investing, it's a good idea to open a live trading account with a trusted forex broker and deposit enough funds. Usually your trading psychology will be better in this way.