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5 Ways To Make Money From The Markets Without Capital

Discussion in 'Forex Beginner Q&A' started by Currency Expert, Sep 9, 2016.

  1. Currency Expert

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    “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
     
  2. Blossom

    Blossom New Member

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    I think being IB of any broker is good options for earning money with Forex. Because it is easy way, and most of the trader are doing it.
     
  3. Mistalee

    Mistalee New Member

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    There are lots of way to make some good income, you need to understand that. The best way would be the Forex Trading.
     
  4. Blossom

    Blossom New Member

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    I dont think Forex is the best way to make money online. If you dont have proper knowledge and skills for this market then how you can be success with this market. Also there are so many factors which are also consider for being trader.
     
  5. Mistalee

    Mistalee New Member

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    Of, course I said that Forex is the best way to make money online, but never said that it would be an easy task, you need to have lots of knowledge and experience and skills to become a successful.
     
  6. Blossom

    Blossom New Member

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    Forex is never going to be the best online work because it needs skills and knowledge which not every one is having. A strategy which can give you positive result every time, mind which can think fearless and trade fearless. So we can not Forex the best.
     
  7. sininfinity

    sininfinity Trusted Member

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    This thing will never let a trader be successful. New traders should not focus on this way. It is for those who have experience or wants to prove something. New trader should put all their focus on learning.
     
  8. Mistalee

    Mistalee New Member

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    There are many ways to make money online, but for me the Forex Trading is the best way to earn some good money online.
     
  9. Blossom

    Blossom New Member

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    I still on my words, Forex is never going to be best as it involves risk of money and without proper knowledge you can easily loss your own capital which is the most risk part of this business.
     
  10. Mistalee

    Mistalee New Member

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    I never said that it is easy one, it is the best business, for those who are willing to learn constantly and dedicated enough to trade.
     
  11. 4xbug

    4xbug New Member

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    I will say that forex trading is best and the only legit business available online these days however there is no free soup i guess. We need money as a start up capital to start earning money from trading.
     
  12. Mistalee

    Mistalee New Member

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    Yeah, it is the best way as the market is free to enter, but it is not at all an easy way to earn, you need to learn a lot first if you wanna become a successful trader.
     
  13. Blossom

    Blossom New Member

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    Forex might have so many loss issues which are not there in many online works. So i can not say Forex is best for every one. Not every person is made for trading.
     
  14. Mistalee

    Mistalee New Member

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    I have never said that it is the best place for everyone, but it is the best way to make some good money online, if the person who is entering the Forex is the serious enough to learn everything about it.
     
  15. Blossom

    Blossom New Member

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    I will not say that it is best online work for online money because there is no 100% surety of profit. None can say that you are going to earn profit only, you can also face loss.
     
  16. Mistalee

    Mistalee New Member

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    It is best way to make good money online, but not for everyone, as you said that there is no surety of profit, but the expert traders who makes more profit than the loss occurred, take it as the best business.
     
  17. Blossom

    Blossom New Member

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    Profit surety is nowhere. None business can give us profit surety until we work hard for profit. So as Forex, if we want profit and earn money then we must learn it first.
     
  18. Mistalee

    Mistalee New Member

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    Yeah, Learning is the only way of survival in Forex Trading, if we miss any thing in learning, it may lead us to total loss.
     
  19. Blossom

    Blossom New Member

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    Learning is important but learning true facts of a market is very important. To gain knowledge we have to practice our work and strategy so that we can make a safe trade.
     
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