How to trade forex with zero cost

Dear Apsenser!

When you hear the word of forex or currency trading, you probably think of something very expensive and very high risk. It's true forex is a high risk business. It's equal with its potential of gain. High risk high gain. Some forex brokers require $1,000 to open an account or more. Now you can open an standard account for free. You are given $25 real cash to start trading.

So you can use this free $25 money to start real trading on forex. Make some profit from it and withdraw your profit.

Yesterday, I register for real account at fxopen. It's a new forex broker and I think it still don't have NFA license. The company - Belvedere Inc. (FXOpenâ„¢) - is an international business company dealing in over-the-counter Forex contracts, incorporated in Seychelles with registration number 032997. Belvedere Inc. provides client's access to the Forex Markets covering major world currencies, Futures and other products.

The reason why I register is pretty simple: to learn how to trade with my emotion. Experts say psychological trade. I use real money although it's not my out of pocket cost. The money is from fxopen. I get free $25 to start.

Why fxopen give free $25 to start?

This marketing technique works very well in online trading. Their target is new comers in forex online trading. You can say it's only bait. Currency trading is like riding a rollercoaster. New kid will get addicted to ride it over and over again. Mostly, this bonus will easily get burnt out after 5 or 10 trade. Addicted 'kids' will break their piggybank to get back to rollercoaster.

Fxopen conditions to get free money are:

• Bonus is not withdrawable.
• Profit above 25$ bonus can be withdrawn only after completing 17 trades + or - 4 pips minimum.
• One person can open one bonus account only (Note: If there will be any suspencions like: same IP address for 2 or more accounts, same emails for 2 or more accounts FXOpen have the right to disable bonus account).
• One computer can not be used for working on more than 1 account without initial deposit. Working means opening the position and setting orders of any kind.

How to get the bonus?

Visit FXOPEN website click for registration link. In registration page, choose Standard Account.

Fill out your data and select leverage 1:500. It is the only way if you want to trade only with money from bonus.

Then you can continue to download the trading terminal. First time you run Metatrader4, you will be asked to open an account. Skip this and continue to login. Input your Login ID and your trader password.

Once you are in, you can see the bonus… and you can start trading. If this is your first time in forex, I must suggest you to take free lesson. Or you can open a virtual account to get familiar with the platform.

What can I do with $25 in forex world?

I admit, it's a very tight margin especially for a beginner in forex. First trade, it must be a winning trade otherwise adios, bye-bye, sayonara. So be careful if you want to try it.

On first trade, I choose to go with Yen (JPY). I avoid AUD and NZD because I am not familiar with it, and I can't trade EURO or POUNDSTERLING (GBP) for there will be not enough money. I intend to use my bonus and I will give my best to not spend any money.

LOL, can this newbie beat the market…