I have been testing strategies, I found one that suits me(and comfortable with). So now my problem is capital to trade it live. I have thought of depositing my 2 cents savings into the broker I am currently using but also thought of the NO DEPOSIT BONUS Accounts so if you know one, please share with me.
Thank you in-advance.
XM.co.uk has a no deposit bonus. Of course, the bonus is in the region of 30 USD, so with a 10% monthly return it will take you about 3 years to get that up to 1000 USD. So what you are not paying for with cash, you are instead paying for with time.
I do not know such brokers. It seems to me only scammers offer this to attract customers.
Drekieyja,
Thank you for your comment.
I understand but the method or strategy I am using gives about +20% or MORE returns a month so I believe that’s may not be an issue. Meaning I can make back the $30 USD in 10-12 months…
JimmyBlack,
Your comment is appreciated but I may not really agree with you. See in late 2015, I had a chance to trade with $25 from Tradeo of which I was wiped out because of familiar newbie reasons but I have conquered that phase now. I believe there may be a broker(not a sam) which might come to appearance.
i was literally just discussing this with a newbie, literally minutes ago…
the long and short of it is this
now… here is your response
"But Martin, i only deposit like $50, i never deposit my own money , so i don’t lose my own money"
My response : “dont’ be stupid and naive”
basically, you are BEING ROBBED OF YOUR TIME and you don’t even realize it
and you are getting compensated $50 LMFAO
this is called… A ROYAL… [if i said it, i’ll be banned from the site… ok Use your imagination ]
now, you know why they offer you $50
its’ because you all have bad habits,
You all think this is a gamble and a casino
THEY PLAY GAMES WITH YOU
and You fall for it
it’s like this
they give you $50 KNOWING YOU WON’T GET FAR WITH IT
you’ll probably blow it up, but you don’t care, because it wasn’t yours
WHAT YOU DON’T REALIZE IS THIS…
win or lose, you will be back
IF YOU LOSE - You’ll be back to collect more BONUS BS money
which you will lose again and keep coming back …
UNTIL…
IF YOU WIN
you will win and then you will be a happy little camper and YOU WILL COME BACK
and then YOU WILL LOSE
and you will lose more than what you started with
Now… you are saying again
"But Martin, the money is not ours"
and i’ll say back to you "ACTUALLY… YES IT IS, because YOU WILL DEPOSIT MORE"
Industry surveys and Marketing analysis PROVES THAT YOU WILL
Feel free to prove the analysis wrong
that’s how it works my young and naive newbies
you are being robbed before your very eyes with simple BS tricks
there is a concept in marketing… it’s called CREATE URGENCY
so when they say … THIS MONTH ONLY … UNLIMITED $50 BONUS CREDIT
are you getting excited yet ? hehe
what this does is IT MOTIVATES YOUR EMOTION TO THINK THAT IF YOU DON’T TAKE ADVANTAGE YOU WILL MISS OUT
this is a very simple marketing trick and this taught to sales people on their first day on the job
IT ALWAYS WORKS WITH PEOPLE WHO ARE IGNORANT OF MARKETING
simply put… IT’S A TRICK
don’t jump through the hoop
they are playing with your emotions
NOW. LET’S GO A STEP DEEPER
IF YOU ACCEPT… it proves you can be manipulated by your emotions
that’s how THEY KNOW YOU WILL LOSE THE MONEY BACK
Smart people don’t accept these offers, they know its’ a trick
we don’t even waste our time, because our time is precious
NOW YOU KNOW
do what you will with this information.
This is right.
No-deposit bonuses are about the biggest red flag there is, for opening an account with a broker.
They tell you exactly what kind of customer the broker’s trying to attract, and that in turn tells you exactly exactly what kind of “brokerage” it is.
Genuine brokers don’t need to do this, to attract business.
That’s exactly how the network marketing industry is lol you pretty much have to sell dreams to people if you really want to make it lol
@justshell
exactly
and bitcoin as an example. is that dream … right ? or , one of them
so it went from $19000 approx to around $6000 in 3 weeks approx
bitcoin.com.au announced the platform is dead and not scalable and has failed
AND YET… PEOPLE ARE STILL LINING UP TO BUY IT hehe
they are still investing as if their financial freedom future depended on it
they are literally putting the health of their families at risk to get bitcoin
i think this tells us everything we need to know about the mentality of those people and why market makers can play with them
it also explains why people are still getting scammed for stupid stuff like this
“Hi my name is is whatever… from MICROSOFT TECH SUPPORT, our system is showing your I.P. Address as being red, this means it has a virus and we will clean that virus up urgently for the low price of $300 as a one off or $800 lifetime support”
now watch closely as we clean this virus
are you in front of your computer sir
now go to teamviewer and give me access (customer of course never question’s this) 
Tech support scammer opens CMD.EXE
and shows this…
see this is a command shell. it is the heart of your computer hehe
now here we can see your IP Address
scammer then shows this
now… for everyone who doesn’t realize what is going on here
to save you a few hundred dollars
You IP Address does not have a virus
this is a simple command from back in the Windows 95 days that has all been but forgotten
TYPE THIS IN
COLOR HELP
press enter
you’ll get this
let’s now pick a colour for the writing
say WHITE
WHITE = 7
so type
color 7
press enter
INSTANT VIRUS REMOVAL HEHE
bringing me back to my original point
if people get scammed for such simplicity , CLEARLY THE SCAMMERS CAN DO WHAT THEY WANT
and if people are stupid enough to believe that a $50 bonus is really a bonus
then hey… this tells you everything you need to know
Martin_K, you are somekind of an Eye Opener . So this means I must try the alternative which is the OPM or maybe look for a job at a Prop firm/company…
Mhhh Guys, I respect each and every persons comment in this post somehow you have removed some mist in my eyes. Are there any alternatives that you’d recommend I can/must use?
@Pasta
Thank you mate, appreciate it.
as for OPM…
this is a big topic and how you use Other People’s Money to your advantage is varied.
but i can say this…
there are 2 ways to do this
Firstly you can use other people’s money and not give a stuff about the person , but instead, just care about yourself
and YES, you will be profitable (it’s not very Moral, but it is business)
Secondly, there is a saying “Helping your fellow man is profitable” and it’s true. but do not confuse this with helping people for free.
Example if you learn to trade properly and profitably you can then (Genuinely) help people that lose money (and… God knows there is no shortage of stupid people that lose money)
now… putting aside that people will label you as a scammer off the bat (let’s forget that for a second) let’s assume you are doing this with the best intentions and to genuinely return a persons loss to them
well, that’s great, it’s a win win
but, what you do is you take a commission for it
to put some figures to it
Let’s say someone has $1,000 in an account and they just lost say $300 and they don’t know how to get it back because they used money they couldn’t afford to lose
ok, So you then formulate a safe strategy that takes a while obviously but you get the $300 back
but while you are getting it back, you are taking a commission for yourself
let’s say for every $100 that is made in the account you take 50%
so it would go like this
Start $700
Make $100 to get to $800 … You take $50 which brings the balance to $750
Make $100 to get to $850 … You take $50 which brings the balance to $800
Make $100 to get to $900 … You take $50 which brings the balance to $850
Make $100 to get to $950 … You take $50 which brings the balance to $900
Make $100 to get to $1000 … You take $50 which brings the balance to $950
Make $100 to get to $1050 … You take $50 which brings the balance to $1000
goal achieved
and at the end of it
They got what they wanted… their money back
for your services… you got 6 x $50 = $300
this is just a simple example of using other people’s money
another example would be a Term Deposit or a Superannuation fund
and an example of using Other People’s Time to gain Wealth and leverage is , when you go to work and your boss pays you $20 per hour yet charges his client around $500 per hour instead of using HIS TIME which is billed at say $500 per hour
he uses YOUR TIME, that YOU DO NOT VALUE, because… YOU’VE BEEN CONDITIONED TO THINK THAT YOU ARE ONLY WORTH $20 PER HOUR
and you are happy with that
so he will use YOUR TIME to leverage his productivity
Now back to the above OPM example
so you make $300 doing this from 1 person
let’s say it takes you a month to achieve (probably won’t, but lets say it does)
now get 10 people and you’ll make $3,000
and get 100 people and you’ll make $30,000 a month
simple math
you are basically fulfilling a need
Ever watch the movie NEW JACK CITY (good movie)
Nino Brown (played by wesley snipes) takes of the Carter building and sets up a drug syndicate, a 1 Million dollar a week business selling Freebase
why … because people are stupid and addicted
same thing here mate
People are stupid and addicted and i’m not being and A Hole, I’m being real
Look at who trades and loses all the time
this is why you will have clients all the time
but there’s a catch
You have to put up with Greed and crap if you want to do this, it goes hand in hand
but anyway… Point is… this is how you use other people’s money
Politely called INVESTORS hehe
go and now get some ideas and work it out
but my advice… whatever you do… DO IT ETHICALLY AND MORALLY ok don’t screw people over. it’s not nice
be cool
Martin_K, I can tell you are a smart individual. I do not like to hurt people, why would I intentionally invite such bad luck, I believe life is more like a bounce back kind of thing. You give goodness, you get goodness(because Goodness has no boundaries).
The second Idea you mentioned is straight to the point but that might take sometime to get clients or investors since the place I am currently located/based has very few or less people who are into Internet/Online businesses not to mention traders. I have only seen three traders and 5 interested in learning about such markets.
But through the internet and hope, things are looking up.
I only am 22 years old, from some Ghetto in South Africa and very interested in Business, trading and investing.
thank you mate, and i can tell you like pasta hehe
so do i for the record
i wasn’t suggesting you do like it
i was just explaining how OPM works and how a Person might be tempted to come to the dark side of the force
yeah… and in my 45 years on this planet, i can tell you this
IT GOES BY MANY NAMES
Bounce Back
Kharma
Law of Conservation of Energy
The Balance
what goes around comes around
Whatever…
honestly the name doesn’t really matter, you can call it Oompa Loompa for all we care
the point is , you believe it and it’s true for the record and it’s a good intention, that’s all that matters.
Oh… Goodness does have boundaries, but… that’s another topic
hehe… oh my god 22 … wow
YOU’RE A BABY mate
Until around 25
You’re a baby
a Baby who is on Babypips
don’t take it personally,
i remember 22, 22 was awesome
Mate 26 is better… trust me
and here is some life advice
for a guy
Between the ages of 25 - 35 is your peak of your life
YOU ARE SMARTER , STRONGER, FASTER, BETTER than you will ever be
before this you lack wisdom and speed
after this you increase your wisdom but speed drops down
you are at a good age though
You’re not 16 - 19 meaning, you are not at those stupid naive years where you are so young that you don’t know how the world works but you are hell bent on being a smart arse all the time hehe
at least you are not there
oh… and watch some 19 year old come on now and complain about what i just said, just to illustrate my point further. LOL
it’ll be a comment like “hey dude, hey martin, how can you say that , just because we are 19 doesn’t mean we are all like this” hehe
Actually it does (in a general sense) but … that’s another story
anyway my young friend, in a few years you will open your eyes to the world,
one day will come (TRUST ME ON THIS)
you will wake up and you will have an epiphany , a sudden realization of everything that you know but IT WILL SEEM DIFFERENT and on a much higher level
this will happen around 25 years old
then you’ll understand that at 22 you were a baby hehe
it’s cool when it happens as well.
so keep going, 3 years is not long either
Now… as for Business
do a small business course, maybe go to Lynda.com or something like that
i think they have good courses there
you can also get trading courses from there, but i’ll be honest, i think babypips is better for trading than lynda
anyway mate
keep learning about OPM and OPT and Leverage in every sense of the word and you should be fine.
business is about Leveraging Time and Money to make profit, this is a fundamental fact of business if you are going to be successful
another one is YOU HAVE TO HAVE IDEAS
without them you are dead in the water
It means I’m at the right place, I was referred to this site by my ex account manager in a phone call (GOD BLESS HER; even though the broker she worked for did not allow this but we spoke privately about it) [quote=“Martin_K, post:14, topic:134344”]
don’t take it personally
[/quote]
Never will I do such a thing. This is informative and a friendly chat (with awesome advises). I respect almost every word because you took your time( something very valuable) and replied to this post, to me that’s highly appreciated.
Yes I was doing some business course at some TVET College, which lead me to some business school where I was an intern at the marketing dept. but the the contract ended.
So I went back to hustling, where I was washing cars, then found some 9-5 where they’re fixing damaged properties. Then that contract ended.
Sir Martin_K. I am so into business that for the last 3&1/2 years I have been reading Rich Dad books in some community library. I want more of this thing called life. I read some books about the trading industry (price action and prop. trading), I go to business seminars but I don’t want to spend more time just learning but I want to put the information into practice. I do not want to be killed by the illness of INFORMATION OVERLOAD at this Information age.
I am always looking for new Ideas, but where I am from people seem to be programmed not to use their minds and create opportunities. They believe one has to find a job at some good paying company and life is finished. To me that is not a living, so many things and goals I want to achieve.
yes you certainly are in the right place… God bless her indeed.
very good to hear
clearly you are among the more intelligent of people here, Most people take this personally and then i have to write a long post explaining that it was nothing personal hehe.
Firstly, i’m not SIR
you have Sir Elton John
you have Sir bob Geldorf
i am not a sir , i have not been knighted by the queen, forget the SIR
it’s just Martin to you
Mate, you never really stop learning. so get used to it.
but i understand what you are saying
so… Formulate a small business idea and put it into practice.
you only get information overload if you DO NOT REGULATE the information INTAKE. it’s useful to remember this
hehe, Martin_K [quote=“Martin_K, post:17, topic:134344”]
Mate, you never really stop learning. so get used to it.
[/quote]
We have a say in our home language which tells that one learns until s/he dies.
That is cool.
See I am into doing the real thing now[quote=“Martin_K, post:17, topic:134344”]
Formulate a small business idea and put it into practice.
[/quote]
Actually I do have a business that is currently up and running but as I stated, I want more out of life but not to devote to the evil or wickedness. 
ok, here is some good advice
like this…
you will NEVER get more out of life
now, I’LL TELL YOU WHY.
because MORE is not Quantifiable
to achieve your goal you need to DEFINE what MORE Means
and you need to BE SPECIFIC.
Martin, where do you get so much wisdom. You are sound like someone who is a monk or something hehe but your words are useful