How to make money on forex without trading

In most cases, forex copy trading can backfire because of a poor choice of traders to follow.

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How to make money on forex without trading, how to make money on forex without trading.

That is why it is important that you carefully analyze your potential “masters” using the stats provided by the copy trading platform of your interest to make good money. Your search for the perfect trader should not end with the most followed. Sometimes, they might have a lot of traders copying them, but the balance between profits and losses is not promising. That is why it pays to dig deeper and unearth trading gurus who have posted good and consistent monthly performance.

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For beginners, the forex market can be hard to navigate. There is a lot of jargon that you have to wrap your head around in order to be able to make any reasonable profits. The problem is, it takes a lot of time to master all the crucial skills that are required to qualify as a professional. Often times, many novice traders give up without making a dime.

But do you really have to trade to make money on forex? What if there was a way to invest profitably without actually having to trade? The good news is, there is a way. It is called forex copy trading.

What is copy trading ?

As the name suggests, copy trading is a form of forex trading where you copy or replicate the trading patterns of other traders. This is a trend that emerged in the early 2000’s and has over the years proved to be a real savior for inexperienced traders. With copy trading, also known as mirror trading or sometimes social trading, you can make profits as a forex trader even with minimum skills.

The only skills you require is to understand the whole concept of copy trading, that is mostly, how to choose a good trader to follow. You should, however, keep in mind that forex trading, in general, is risky and high returns are not guaranteed. Although copy trading gives you an opportunity to make profits without investing in research and having to understand the ins and outs of forex, the risk is still there and a lot of caution is required.

In most cases, forex copy trading can backfire because of a poor choice of traders to follow. That is why it is important that you carefully analyze your potential “masters” using the stats provided by the copy trading platform of your interest to make good money.

Below are a few tips on how to find a good trader to follow.

How to find A good trader to follow

The following tips will help you land the perfect trading pro:

Discover the most followed traders

The number of followers often point to the credibility and prowess of that particular trader. If a potential professional is followed or copied by many traders, it usually means that they have consistently recorded outstanding performance.

Analyze their followers/copiers

Sometimes followers can be fabricated. That is why you should critically analyze the followers to ensure that they are real humans. Another reason for this is to ensure that the follower base is consistently growing. If the number of traders copying your potential professional grows and suddenly drops, it may mean a drop in good performance. However, if the followers are ever increasing, you should add that investor to your list.

Should have consistent monthly performance

Your search for the perfect trader should not end with the most followed. Sometimes, they might have a lot of traders copying them, but the balance between profits and losses is not promising. That is why it pays to dig deeper and unearth trading gurus who have posted good and consistent monthly performance.

Number of trades and time on a platform

Traders who have been on the platform for a long are most preferred. They are usually more experienced and know their way around trading. The number of trades conducted is also another indicator. The person you wish to follow should have done a good number of trades with consistent profits.

You might not find the perfect trader to follow, but as you gain more useful skills, you will be able to make more constructive analysis and choose wisely. The type of copy trading platform you choose also matters. A lot of seasoned traders use credible forex brokers and you will hardly see them on new platforms or those with a bad reputation.

Benefits of forex copy trading

Copy trading presents a lot of good opportunities for both those who copy others and those who are copied.

You gain invaluable trading skills from professionals you follow

There is a lot of transparency as the trading history of the trader is publicly disclosed to followers

You can make passive income without actively trading

You don’t have to understand all the aspects of forex trading

With forex copy trading, you can make good money without having to actively trade. The point is to choose the right trader to follow by carefully analyzing their profiles and utilizing the stats provided by the various platforms.

How to make money in the forex market without investment?

How to make money in the Forex market from home without investment? | Liteforex

Six ways of making money with a forex broker

We all know that forex is a currency market where currencies are bought and sold.

In order to earn money at forex, you need to have a currency of one country, which you can exchange for a currency of the other country and make a profit. That is true; however, if you read more about investing at forex you will know that it is possible to earn money at forex without making investments.

You will nevertheless have to invest your time and energy, but it is true - you can start with $0 and make millions. Just like those billionaires. You can always start with demo-contest or an affiliate program.

Read about the ways of earning money at forex without the initial capital.

Trading in forex without investing

First of all, you should understand that it is impossible to make a high profit without making investments. If you decide to become a real trader and earn big money in the long-term prospect, you will need to open an account and deposit money on it.

Do not trust information assuring you that it is possible to earn millions without investing a penny. High profits without investments are impossible and statements promising this are questionable.

And still, it is possible to earn money at forex without making investments, although the profit maybe not too big. In this case, you will earn money not in the market but will receive it from your broker. What are the ways of earning money without making deposits at forex? I have gathered the information from different sources and will review it here. So let's figure out with the ways to make money with forex without investment.

Trading on the account without a deposit

You open an account and your broker deposits some money on it. You cannot withdraw this deposit but you can trade using this fund. If you trade successfully a broker will allow you to withdraw your profit. This option enables a trader to earn at forex without investing money and, which is more important, to gain valuable experience of work on the trading platform.

A deposit, which a broker puts on your account, usually ranges from $5 to $70. With the help of this fund, you can start trading without investment on the real trading account. What is the benefit of a broker? It is just a promotion, and a broker is prepared to spend some money on it.

Affiliate programs

Do you know how to make money in forex without actually trading? Just choose the broker and promote it to get the commission from people you attract. Today forex affiliate programs are becoming more popular among traders as they give a chance of earning money without investing. Participation in the affiliate program means that you attract new clients, who are ready to work in the forex market and receive a bonus for it. Depending on the terms and conditions of an affiliate program you sometimes receive your bonus regardless of the trader’s success in trading; your interest also depends on the terms of the affiliate program. You can calculate the expected earning here.

If you have your own site or a blog, affiliate programs is a good option of earning money for you, as you can advertise a broker on your site.

You can open an account with a broker where he will transfer money for the clients attracted by you. You also can use this account for trading at forex to make more money. So, you start forex with no money and now you have investments to trade. If you do not know how to trade profitably, you can join the copy trading network and choose the professional trader to start copying his trades to your own account. You can find the traders' list here, draw your attention on profitability, risk level, and the experience when choosing the trader to copy.

So the affiliate programs and copy trading forex system is a good collaboration to earn money in financial markets without investment and make money from forex without trading. Here you can also read a lot of articles about forex programs.

Contests

Some brokers regularly organize contests for demo and real accounts. As with other forms of competition, nature of competition in forex is simple — to come forward in relation to other bidders, increasing your income on a demo account several times in a short period of time, and in the end to get money on the real account as a reward. So, as a participant, you can start trading on forex without any investment. In case of a demo account, you should increase your profit for a certain amount on your account within a certain period of time and finally, you will receive a bonus on your real account. So starting with participating in the contest, you can become a trader at forex without investing money. For now, I found the demo contest with the huge prise finds 10000 USD, and to will this contest you need to trade as good as you can on all cryptocurrency pairs. Cryptocurrencies are very appropriate assets to get high profit because of their volatility. It is really amazing, you can start trading without money on a demo account and if you win you will get the prize money to your live account to trade without investment on it and ear the real profit. To participate in the contest we need to register first here to get an account and then register this account on the contest here. Let's compete? :) let me know in the comments section below about your results.

LiteForex: How to make money in the Forex market from home without investment? | Liteforex

Comments, reviews and posts on various information portals

Placement of the interesting comments on the forums, participation in the opinion polls devoted to forex and publication of the surveys and articles about forex is often rewarded by brokers. So you can receive a bonus on your real trading account and also gain experience and reputation of a professional market analyst. Brokers are prepared to pay big money for the forex reviews.

Professional forex copy trading and PAMM systems

Some traders are ready to pay interest from their profit to the experienced traders for investing their funds into PAMM-accounts. This is a good incentive for achieving more improvements in trading for the experienced trader at forex. The automated copy-trading systems allow you to duplicate the best traders and communicate on specialized chat with traders community from all of the word.

Hopefully, now you know all about how to make money in forex without investment!

In conclusion, I would like to say that it is possible to trade and gain profit at forex without investing money. Note, however, that for earning large amounts of money a trader should have experience and knowledge of trading and investing money.

It is quite common that traders start to work at forex without making investments, but later they open real accounts and achieve real success in trading. Just remember that it is important to start the first step.

P.S. Did you like my article? Share it in social networks: it will be the best “thank you" :)

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.

Use my promo-code BLOG for getting deposit bonus 50% on liteforex platform. Just enter this code in the appropriate field while depositing your trading account.

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How to make money in the Forex market without investment?

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How to make money in forex without actually trading

There is only one sure thing in forex trading. Loss. It is the only sure thing that every open position will eventually be closed with a loss. So how to make money in forex without actually trading it? You definitely can earn a lot of money in forex trading without opening any single position. Here are just two examples of how to make money in forex without actually trading. Every beginner with a goal to trade forex successfully needs to read the below.

1. Be a forex broker

How To Make Money In Forex Without Actually Trading

To be a forex broker means that you earn money by connecting sellers and buyers. In the old days, when computers were just in star trek, brokers needed only a pencil, paper, and phone.

Brokers called from early morning till late afternoon to dealers in banks, trying to find just two with opposite ideas and wishes. And there is hidden the forex broker profit.

The small fraction of trade amount, but without any risk (of course, if we ignore counterparty risk) would be the broker’s fee.

Counterparty risk means, that you still risk that your counterparty will not pay your fees. However, if you work with regulated banks, your risk is pretty low.

Volatility is a friend of every broker

The only thing you need as a broker is volatility. You will praise volatility, you will enjoy any unexpected event which will move markets up or down.

You will not care about direction market moves, and you will care just about if the move is large enough. More volatility, more happy and wealthy you will be.

You will hate holidays and low liquidity. You will hate non-eventful days, stable markets, and peace in the world.

Your day will be much nicer when FED unexpectedly raises rates or decreases them. No matter what FED does, it will definitely help that it surprises forex markets.

What you need as a broker

You needed just a pen, pencil and phone long ago. Nowadays you will need probably a robust IT system and a lot of money.

The competition between brokers is pretty strong. All of them invest a lot in IT infrastructure and marketing.

Fees are going down, and you need more significant amounts to earn the same money as year or two ago. However, still, you do not have any open positions.

You can sleep peacefully. There is no possibility that you come to the office in the morning and all your positions will be in a deep loss.

2. Be a consultant

You do not want to trade your own money, do you? Trading other people’s money can be more pleasant in case you lose them. Be a consultant means that you just give advice and take your fees before anything goes wrong.

You will not risk your money. Great, isn’t it?

What do you need as a consultant?

The primary thing in the consultancy business is reputation. Without a reputation, nobody will hire you.

To earn a reputation is not easy. Basically, you can be a trader who finished his career and your trade log speaks for itself.

The second possible way is to make yourself visible. You have to comment in discussions about forex, write articles about it, do not be afraid telling others what they should do last week.

And you will see that some fool will like your advice and hires you. You know that prediction of future on forex is impossible, so let your partners pay your fees before any of your opinions materialize.

Is it possible to make money in forex without actually trading?

Yes, it is possible to make money in forex without actually trading. We showed you two possible ways how you can win at the forex every time.

We are sure there are other ways we did not mention. But even as a consultant or a broker, you will have to work hard to earn anything.

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Managed forex accounts $1000 minimum

How to make money with forex without trading

So you’re concerned with how to make money in forex without actually trading. Do not even think for a second that you are imagining the impossible. There are a few ways people can do this and make money fast or depending on the strategy used for this particular investment program.

how to make money with forex without actually trading

Let me introduce you to the concept called carry trade method. The carry trade method allows you to make money with forex even without trading. But how?

Well, you need to understand that making profits with this method does not depend on the difference between the buy and sell prices of the currency pairs. That’s the advantage you have in this method of making money with forex without trading.

So, now that you do not trade, how do you make money with this method? Simple, you make money by opening and holding a position on a pair of currencies that have different interest rates.

Your profits come from the different interest rates between the currency pairs and the cost that you incurred when you bought them.

The rationale here is that if you buy a currency, you are paid a daily interest which also determines its exchange rate.

At the same time, you pay an interest rate for the currency which you used when acquiring the other currency. So then, if the rate received and the rate paid to acquire this currency is positive, you have a profit. That’s how people make money with forex without actually trading.

Here are the other steps to making money in forex without trading

(a)get a reliable or best forex broker on the internet

When I say a reliable forex broker, I mean an ECN forex broker, not just any other broker. Also, avoid brokers who have repackaged their services based on trading conditions. Some brokers are actually notorious for offering ECN accounts, and at the same time, offering other accounts with different trading conditions altogether.

These brokers will most likely have a high minimum capital requirements for their ECN. But they will lure you into their cheap trading accounts because they know most beginners will go for this.

Truth is that these brokers are a buck-shop. What they are offering as ECN trading account is not different from the cheaper account packages which they claim is suitable for newbies.

The point is, these brokers don’t offer true ECN/STP trading conditions. Avoid them.

Once you have established a good forex broker worth doing business with, you should create an account with them, fund it and choose PAMM investment system instead. You are essentially registering as a PAMM investor.

A PAMM investment system basically lets you trade forex without actually taking the role of the trader. Once you put money, the broker (through their account managers) will trade it for you.

However, you do have the freedom to monitor your account and see how things are going. A detailed analysis of your trades will be published on your dashboard. You can also withdraw money at any time or depending on how you agree with the broker.

(b) promote the best forex brokers and earn affiliate commissions

This method does not offer quick returns, plus it’s not for the impatient. However, it answers the question of how to make money in forex without actually trading.

The first thing to do here is to setup a website or blog where you will begin promoting the best forex brokers who are willing to strike a good deal with you.

How do you identify the best forex brokers to do business with? Well, do the homework yourself. Make a list of 10 forex brokers and visit their websites. Locate their affiliate links and see how much you can earn when you get them clients.

Some forex brokers will reward you with a fixed percentage for every deposit that this client makes. Others will reward you with commissions each time the trader opens a trade position. This can be a good way of earning residual income in forex without actually trading.

(C) use expert advisors or software for trading FX

Okay, this one will not totally disengage you from the trading scenes. But at least it will still help you trade forex without actively doing the task yourself.

Finding a good forex robot or expert advisor isn’t the easiest thing to do. It can take a lot of research and testing to finally identify a good robot.

However, as a rule of thumb, you should invest in a premium expert advisor as opposed to a free or cheap forex robot.

Because cheap or free expert advisors just don’t make money in forex. Firstly, they are programmed with a generic code which follows one or more patterns that are incapable of acting in accordance to the uniqueness of a market. This type of expert advisor will blow your account in a matter of hours if not days (although their vendors will always advertise them as completely hands-free approach to making money with forex without actually trading).

Go for a forex expert advisor that is reasonably priced. At $300, you should get a good expert advisor that will allow you make money with forex without actually trading.

(d) managed forex accounts

You can seek the services of an experienced account manager to do the trading for you. You do not need to necessarily tie yourself to a broker who offers a PAMM system of investment.

There are quite a number of reputable managed forex accounts services on the web. But make sure to ask for their track record before committing your money to these kind of deals.

A track record is basically anything that will prove that they have or are making profits in forex. It’s one of the few ways to make money with forex without trading.

That’s it. You can make money with forex even if you don’t trade. Just use any of the methods above.

How to make money in forex without actually trading

When you deal with the forex market you may have to profits or losses. Sometimes the losses are too much. Therefore inexperienced people may not be willing to engage in forex trading long term. Many people are asking to question “how to make money in forex without actually trading”.

Let me explain to you how to make money from this, there are several ways for this, however, in here I’ll introduce to you three methods to get to know in this as well as that is known by many different names, it is called copy trading, be a forex broker, affiliate program and comments, review and posts on various information portals.

Below you will find in detail description of these 3 methods. By studying the following methods you will get a better understanding of this.

Best 3 methods to make money in forex without actually trading

1. Copy trading

Copy trading is follow the trading method of experienced traders. Also, it called different names, they are social trading, mirror trading. This is a benefit for an inexperienced person in the forex market.

A lot of people would like to that, but you need to be familiar with those methods, otherwise, you may be at risk of loss. Therefore you must have great knowledge before starting.

Also, it is an advantage to follow another trader’s trading system because if you practice well you can do it simply.

That way you can make a big profit in forex without trading. So if you do this correctly, you will get profits and if you do it wrong you will incur losses. In order to practice properly, you need to spend time analyzing and finding a professional trader.

Tips for finding a good trader to follow

Find out the most followed professional traders

Analyze their followers have gained a profit

Must have a consistent monthly performance

2. Be a forex broker

A forex broker is a person who makes money by contacting opposing people or make money by contacting buyers and sellers. Here you can make a profit when the market is up or down.

At present, there is intense competition for this. This is due to the huge advances in technology and the increasing use of technology by today’s brokers. So you need a great technology system and a lot of money.

If you do this correctly, you will be able to earn a lot of money,
because it doesn’t matter if the market goes up or down.

Brokerage fees can be your main source of income. Also, you have the opportunity to give a good education on forex and charge for customer service.

In addition, you can give in-depth analysis and charge a fee. You can offer your customers a demo account as well as real account facilities so you can easily attract customers.

This way you can become a forex broker and earn money in a variety of ways.

3. Affiliate program

You will be able to earn money by being a good consultant by studying and learning forex. You can find plenty of people to consult you for foreign exchange transactions. But you have to work hard for it.

By working with them and responding to their questions, you can gain the reputation of being a good consultant. Having a good reputation is important for your consultation, and that way you have the opportunity to attract more people.

You should be sure to charge your fees or give the affiliate link to register especially before counseling. That way there is no risk to your money.

Your main problem here is getting a reputation. This is a bit of a problem but if you work hard you can make a profit. Submitting foreign exchange articles and responding quickly to people seeking advice are some of the things you can do here.

Do you can this according to the above information??

Yes, of course, you can do this easily. But you need to good experience and good understanding. Then you can earn more money than you think. So you have to do is learn better. You can get this done right by reading forex-related articles and studying them, and you can easily go to success.

How to make money in forex without actually trading

Looking for ways to extract money from the markets and thinking that the forex or the stock market is too complicated? In today’s article, I’m going to introduce to you a fairly new concept called social trading platforms.

With these platforms, you can make money without the hassle of having to trade by yourself – you can just copy others who know what they’re doing.

Source: pixabay

You may be familiar with social networks but never heard of social trading platforms before. Social trading platform/network is similar to the social network. Instead of seeing someone sharing photos, you see them share their trading results.

The most important feature of a social trading platform is the ability to copy other traders.

If you think a trader is successful and has the same investment style as you, then you can choose to copy that person. It means all his open transactions will be automatically copied
into your account.

Several social trading platforms also equipped with chat or comment features. It opens the possibility to learn and discuss the market in real-time – another feature similar to social networks.

You don’t need to give out your personal information or access to your account, as the “copy” feature is automatically done by the system.

The social trading concept also gives benefit to professional traders. These are traders who are usually being copied by beginners. They receiving a small fee to motivate them, and they earn an additional income as money managers.

The reason social trading platforms are growing exponentially is the combination of professional traders’ skill and beginner traders’ capital.

Since the professional traders will receive a fee from their followers, and beginners can make money by copying, it’s a win-win solution for both types of traders.

There are several benefits of social trading, such as:

- Open concept – all gains or losses from a trader will be disclosed automatically to their followers.

- Passive income for beginners who copy successful traders

- Additional income for professional traders

Opportunity to discuss and learn more about the markets and about the strategies of the pros.

While having several strong benefits, social trading platforms also have their disadvantages.

For example, the professional traders are not selected by risks or experience. Usually, they are people with skill and luck until they passed the minimum trading criteria to be considered as a professional. Followers need to learn about risks on their own and decide carefully whom to copy.

There are also complains about copied trades having high slippage. This may happen as a result of poor internet connection. Many social trading platforms have eliminated this risks by letting traders set a maximum acceptable slippage. It means if the actual slippage exceeds your parameter, the trade won’t be copied.

What kind of trader are you?

Source: pixabay

We already mentioned above that beginners need to understand the risks and their own investment style before copying others. Ask yourself these questions to understand which traders you should copy:

- Do you want to make short-term profits or long-term growth?

- Can you deal with negative results for weeks or do you want instant profits?

How much risk are you willing to take?

There are usually 2 main types of traders on the social trading platforms – day traders and long-term traders.

Day traders are those who are after short-term profits, and will open and close their positions during the same day.

You are less likely to suffer massive losses by copying these traders.

On the other hand, long-term traders will use their own strategy to read the market and leaves position open overnight. This kind of traders are thinking that the forex market fluctuates and won’t continue in the same direction all the time.

If you copy the long-term traders, you may get higher profits than the day traders do. However, keep in mind that you may experience bigger losses too.

Overview of the 2 biggest platforms

Now that you know what a social trading platform is, let’s take a look at 2 of the biggest platforms out there.

Etoro

Source: etoro homepage

Etoro was founded in 2007 and currently served as a leading social trading platform with over 5 million traders globally.

This site is for entry to medium level traders, just because the platform is so easy to use.

The web or mobile interface is clean and easy to understand. You can make your own trades or copy others. You can easily copy which traders to follow based on their trading style, performance, risk score, etc.

These traders will receive a small fee, to motivate them that someone like you is copying them. Do not worry about this fee as they are low and won’t affect your account much. Consider it like this: if the traders are good, they should earn you bigger money than the fees.

Other than the ability to copy others, etoro also implements social sentiment. You can see what other traders are thinking about each stock or currency. They also provide an abundance of free trading education, just spend a little bit of your time to watch their educational videos.

Tutorial on using etoro

Now, etoro may not be the cheapest broker, since they required you to deposit a minimum of $200. However, if you aim to copy other traders and learn from them, then this platform is right for you.

picture of potential traders to copy on eToro

Source: etoro

Here is a tutorial and tips to copy others on etoro:

#1: invest time to find the traders that have the highest return while keeping a good risk score.

#2: use filters to your advantage – filter them by time, profile, social, and most importantly, by performance.

In the performance filter section, choose the return for 30 % (since there are fees involved in copying others, it is better to look for traders with a minimum 30% return).

While in the profitable months’ section, choose 70%. Profitable months means the number of months in a year the trader had profit. Every trader will have losing trades or losing months. By setting it to 70% then you will find the cream of the top.

Next filter you want to set is the risk filter. Set the numbers from 1-6 in the risk score part, so that the result will cover riskier traders. Set 5% in the daily drawdrown to keep your risk under control.

Daily drawdrown helps you set the maximum percentage of money the trader lost per day. So, by setting it to 5%, the result will include riskier trader with5% risk per day. Remember, the higher the risk, the bigger the rewards.

#3: sort them based on “return” – although technically all the people pop up here are those who fit your criteria and you could pick any of them.

By sorting based on return, you can check which one of them have the most return in the past months. Don’t be lazy to click on the profile and check them out.

Check out his past performance, risk score (remember the higher the number means riskier trader). Also, check the copiers part of the trader profile. It lets you know how many people are copying this trader, and the amount of money they put on him.

Next is to check their max drawdrown to analyze their risk and return ratio. The smaller the number on this and the bigger number on a return is what we want.

Last, check his trading stats, which shows how much transactions this trader had in the past months. We want an active trader with more than 75% success.

Also, be aware if a trader only trades in one instrument. There are cases that traders made their own copier accounts – meaning he copy himself. It might look good on the profile but usually, this kind of trader only deal with one kind of instrument.

Choose at least 10 traders to minimize your risk. Remember the old saying “never put your eggs in one basket” rings true in any kind of investment. By diversifying your capital to 10 traders, it will minimize your overall losses.

Etoro is a very good platform for beginners. However, for advanced traders, there are better platforms out there for pure trading purposes.

Zulutrade

Source: zulutrade homepage

Zulutrade was founded in 2007 and considered as forex auto trading platform. The main uniqueness of zulutrade is that it enables traders to share their knowledge with beginners who are interested in learning to trade. Traders can leave comments and also see live feeds of others.

Similar to etoro, zulutrade is also a social trading platform where you can either trade or copy other traders to make money in forex. It is meant for beginner traders or people who don’t have time to do the trading. However, zulutrade has a slightly higher deposit than etoro, $300.

Not just copying other traders, zulutrade also gives the ability for you to trade on your own. The platform is easy to use, and you may feel like playing a game with real money.

Tutorial on using zulutrade

By using a social trading platform such as zulutrade, you can locate the top 5 traders who are able to make profits out of their trading venture.

Here are the tutorial and tips to copy others in zulutrade;

#1: search the top traders – traders are ranked based on the total amount of money others put to copy them. Just check the top 5.

#2: click on each profile – you need to learn the trader’s stats, choose traders who have minimum 75% winning ratio. After checking and confirming everything is okay, just click the orange “follow” button.

#3: define the zuluguard – there is a pop-up box that appears everytime you hit that follow button, and you need to define some values.

Choose the amount you want to use for copying the trader – this is based on your available funds. Just fill with a percentage (75% is the maximum percentage). Remember to spread your funds to different traders.

Choose the number of lots you want to be executed in your account. Generally, it means how much size to use for each trade that is copied. Usually, people just fill with 0.1 lots.

After that, you are all set. Since there are many profitable traders in zulutrade platform, you can choose whoever suits your risk preference.

Overall, zulutrade is great for beginners who want to copy the success of professional traders. You also can learn their strategies by asking questions to these professionals or even try to play on your own.

Finding professional traders

Source: zulutrade

Here are some tips on searching the professional traders to copy;

- Look at their winning percentage. A high number of winning percentage may look good, but the high numbers can also come from the traders who keep on losing until they eventually succeed.

- Observe their performance in the longest time possible. Choose traders with the most consecutive profitable months.

- Look at the comments the traders leave. Logically, if a professional trader often comments and discuss their market views, it’s possible they are following the market closely. You may want to follow this type of guy.

- Also, look at how the followers leave their ratings and comments. Since the social trading platform is very vocal, they will leave a comment or give a rating for someone deemed as professional– or whether the traders change their strategy resulting in massive losses.

In zulutrade, look at the“profit made from following this trader” table, located on the left side under the statistics. This table shows the real money that other followers have made with this trader so far. Any amount above $5,000 means that a trader has gained people’s trust. Also, try to avoid traders with profits below $500.

Conclusion

Whether you are a beginner or a more experienced trader, it’s wise to consider utilizing social trading platforms to your advantage.

They are a great tool to diversify your portfolio with a good risk/reward instrument. Always remember though that never put your eggs in one basket – the more you diversify, the less risk you will have.

How to make money in forex without trading | 2021

The forex market has produced millionaires. Today, they represent one of the biggest tradeable markets in the world. But could trading be the only way to make money off the forex market? No! There are still a couple of ways you can use to profit from this market.

So, while we answer the question “how to make money in forex without trading” in this article, we will also highlight some of the best practices and sills you can leverage as a trader on the forex market.

1. Be a forex broker

Becoming a forex broker is not easy but it is a pathway for you when you want to make money in forex without trading. As a forex trader, you simply have the responsibility of connecting buyers and sellers.

As a forex broker, you can earn from a small fraction of the trade amount between the seller and the buyer.

Forex brokers usually profit from unexpected rises or decreases in rates. With such panic, traders are likely to sell and buy within this period.

Starting off as a forex broker

If you want to become a forex broker, you must need certain equipements to function. Some time ago, you would have needed just a phone like we saw in the popular movie “the wolf of wall street”, however, now you need IT equipment that will help you monitor different trends simultaneously.

In summary, a good knowledge of the trading system and a large clientele will help you live a good life as a forex broker. So, now you know one answer to the question “how to make money in forex without trading”

People who read this content, end up reading before you invest in ethereum- this is what you’re facing in check it out

2. Be a consultant

Consultancy has become a full-time business. People run different types of consultancy companies today offering solutions to different markets.

As a consultant on the forex market, you simply counsel traders on market trends and accurate trading practices. You charge for every consultancy session and leave the trader to make their decision.

Starting off as a consultant

You cannot be an professional consultant without a working knowledge of market trends and signals. So, after developing yourself in that area, you can offer your services to interested traders.

Learning never ends in the market, so you must possess the right I.T infrastructure to help you take accurate trading decisions.

3. Duplicate trades

If you’re not comfortable taking risks and you also don’t have the patience to learn proper trading, you can simply duplicate trades.

A lot of platforms help you duplicate trading done by professional brokers. This way, you risk less and make more money.

According to forex brokers, some of these platforms include:

Etoro – best overall platform for copy trading

Pepperstone – numerous copy trading platforms

FXCM – FXCM app store for automated trading

Darwinex – unique social copy trading community

Avatrade – multiple copy trading platforms

Hotforex – full metatrader suite

Fxpro – full metatrader suite

Conclusion

From the conversations we’ve had, it’s obvious that you can comfortably make money off the forex market. The only decision you must make would be your choice of income.

I strongly believe you know how to make money in the forex market without trading and you can say goodbye to losing money and taking uncalculated risks.

Campforex.Com

Managed forex accounts $1000 minimum

How to make money with forex without trading

Let me introduce you to the concept called carry trade method. The carry trade method allows you to make money with forex even without trading. But how?

So, now that you do not trade, how do you make money with this method? Simple, you make money by opening and holding a position on a pair of currencies that have different interest rates.

Your profits come from the different interest rates between the currency pairs and the cost that you incurred when you bought them.

The rationale here is that if you buy a currency, you are paid a daily interest which also determines its exchange rate.

Here are the other steps to making money in forex without trading

(a)get a reliable or best forex broker on the internet

These brokers will most likely have a high minimum capital requirements for their ECN. But they will lure you into their cheap trading accounts because they know most beginners will go for this.

Truth is that these brokers are a buck-shop. What they are offering as ECN trading account is not different from the cheaper account packages which they claim is suitable for newbies.

The point is, these brokers don’t offer true ECN/STP trading conditions. Avoid them.

A PAMM investment system basically lets you trade forex without actually taking the role of the trader. Once you put money, the broker (through their account managers) will trade it for you.

(b) promote the best forex brokers and earn affiliate commissions

This method does not offer quick returns, plus it’s not for the impatient. However, it answers the question of how to make money in forex without actually trading.

The first thing to do here is to setup a website or blog where you will begin promoting the best forex brokers who are willing to strike a good deal with you.

(C) use expert advisors or software for trading FX

Okay, this one will not totally disengage you from the trading scenes. But at least it will still help you trade forex without actively doing the task yourself.

Finding a good forex robot or expert advisor isn’t the easiest thing to do. It can take a lot of research and testing to finally identify a good robot.

However, as a rule of thumb, you should invest in a premium expert advisor as opposed to a free or cheap forex robot.

Go for a forex expert advisor that is reasonably priced. At $300, you should get a good expert advisor that will allow you make money with forex without actually trading.

(d) managed forex accounts

You can seek the services of an experienced account manager to do the trading for you. You do not need to necessarily tie yourself to a broker who offers a PAMM system of investment.

There are quite a number of reputable managed forex accounts services on the web. But make sure to ask for their track record before committing your money to these kind of deals.

A track record is basically anything that will prove that they have or are making profits in forex. It’s one of the few ways to make money with forex without trading.

That’s it. You can make money with forex even if you don’t trade. Just use any of the methods above.

How to make money in the forex market without investment?

Six ways of making money with a forex broker

We all know that forex is a currency market where currencies are bought and sold.

Read about the ways of earning money at forex without the initial capital.

Trading in forex without investing

Do not trust information assuring you that it is possible to earn millions without investing a penny. High profits without investments are impossible and statements promising this are questionable.

Trading on the account without a deposit

Affiliate programs

If you have your own site or a blog, affiliate programs is a good option of earning money for you, as you can advertise a broker on your site.

Contests

Comments, reviews and posts on various information portals

Professional forex copy trading and PAMM systems

Hopefully, now you know all about how to make money in forex without investment!

P.S. Did you like my article? Share it in social networks: it will be the best “thank you" :)

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

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Price chart of EURUSD in real time mode

So, let's see, what we have: fxdailyreport.Com for beginners, the forex market can be hard to navigate. There is a lot of jargon that you have to wrap your head around in order to be able to make any reasonable profits. The at how to make money on forex without trading