The FX market is one of the most popular investment methods. So it seems unusual that Forex can be profitable without the need to invest. However, there are more than one ways to do that.
Who Needs Such Methods
Risks and speculation are not for everyone. This includes several groups of people:
- People with difficult financial situations. Some cannot afford to lose even $100 or even $10.
- Those who have already spent some time in Forex and have lost their faith in success after a few losses. This may include overly emotional people whose feelings are detrimental to their trading results.
- People who cannot stand risk and are not ready to gamble on the money they have earned. Even small ones.
Surely there are people who cannot invest in Forex for other reasons. But fortunately, the market offers other ways to make money.
Partnership Programs
This is a highly underrated and the best way to make money in Forex without investing. The bottom line is that you bring new clients to brokerage companies and get paid for it.
This type of earnings has a number of advantages:
- You don't need to learn to trade yourself. You can get a basic understanding of trading terms and that will be more than enough, since you don’t need to trade to earn money.
- It requires zero investment. You can promote your service for free on social media, on your personal website or among friends.
- You can choose the compensation scheme that suits you. Partners who get paid for their clients' trading get much higher compensation. However, if you want to limit yourself only to attracting referrals and not worry about their further activity, then you can cooperate with a company that makes payments after each registration.
- You can cooperate with several brokers at once. Each company has its own advantages for traders. Thus, you can meet the needs of any trader ready to join your partner group.
- Brokerage companies tend to accommodate active partners. They are ready to make changes to trading conditions, offer unique bonuses to individual clients, and develop new payment schemes. The more actively you show yourself, the more you can earn with each new attracted client.
Many experienced partners earn several thousand dollars a month without risking their personal funds. Start small. Perhaps your communication skills will help you succeed in this business.
Bonuses
Brokers strive to attract as many new traders as possible. Companies often offer no-deposit bonuses to newbies. The money on such accounts is usually virtual. It cannot be cashed out. However, the profit gained from trading will be fully yours. This profit can become your investment which you can enlarge afterwards.
Read the rules of such bonuses carefully. Some brokers ask for additional investments in order to withdraw the profits.
Contests
Many traders are attracted not only by the potential profit but also by the opportunity to compete in skills with other people. Brokers have started holding contests that don’t require an initial fee to participate. At the same time, the prize for winning is absolutely real.
Look for contests that are held on the demo server. That is, trading is conducted with virtual funds. Often, for a victory, you can get $500 or more. You can use these funds in the future to increase profits.
Forex opens up opportunities for everyone. The main thing is to use your skills and talents correctly. Good luck!