A currency speculation is the basis of earnings on Forex. That is traders trade according to a simple principle “buy cheap, sell expensive”. The positive difference between buy and sell prices is the desired profit of a trader.
You can earn in the Forex market without investments. Clearly, on your trading account should be the initial sum to open transactions. But in addition to trading, there are other alternatives for obtaining income on Forex. Some are directly related to trading, others do not have anything in common with it.
JustForex team decided to tell you about the most popular alternatives of earnings in the Forex market.
Participation in affiliate programs
Affiliate programs are one of the most popular ways of profit-making which do not require investments. You can become a partner and receive a stable income by participating in the affiliate programs. The partner attracts active clients to the broker through the specialized resources: site or blog, social networks, advertising platforms, etc. The partner’s profit depends on the activity of the attracted clients. The reward is expressed either in percentage or in fixed amount. The more trading lots are made by an attracted client, the higher is the revenue.
Contests on demo accounts
Brokers often hold competitions on demo accounts. Such competitions are an excellent opportunity to get additional profit without risking own capital. Trading is conducted on virtual money, and the winner gets a withdrawable cash reward or valuable prizes.
No deposit bonuses
No deposit bonuses can be used as starting capital. Brokers offer no-deposit or welcome bonuses to attract potential clients to the company. They deposit the trader’s account with a small amount for the registration. Bonus funds are not available for withdrawal and can be used only for trading. But the profit earned using bonus funds can be withdrawn. No deposit bonuses allow traders to try real trading and test the conditions of a new broker without expenses.
PAMM-accounts or trust management is a kind of cooperation between a trader and an investor. The investor trusts his own funds to the managing trader, and the trader makes the transactions on these funds and receives a predetermined percentage of profit. PAMM-accounts are beneficial for both parties: for investors, PAMM-accounts are a profit without deep knowledge in the Forex sphere, for managers – an additional profit without investing own funds. But note, this method is opened only for professional traders with profitable trading strategies.
Paid posts on specialized forums or blogs are available to any Internet user. Forum posting does not require special skills and financial investments. You post messages and get paid. But your posts should correspond to the subject of the forum and be informative, otherwise, they can get into spam.
Forex offers many ways of earnings without investment. Some methods require professionalism and skills, others – access to the Internet and the desire. Everyone can choose the right variant for themselves and start making money.