Written by: PaxForex analytics dept - Thursday, 12 October 2017 0 comments
The last three months over every year, the fourth-quarter, is often the period which see an increase in trading volumes as well as the time of the year where most traders make the majority of their income. There are several reasons for this which can range from end-of-year performance pressures by managers which leads to a general increase in trading volumes across all asset classes to an overall lift in the mood of traders due to seasonal factors such as Christmas. The increase in asset prices is therefore also called the Santa Clause Rally.
Psychology plays a very large part in trading and in many cases determines if a trader is profitable or at a loss. Many may be aware that if there is such a thing as the best time to start trading it is in the fourth-quarter; of course one should start trading when they feel ready and ignore seasonal patterns. Each trader is different and therefore will start trading at a different time, the reason why the last three months are considered by many as the best time is due to the overall positive spirit which surrounds most trading desks. Of course there is no such thing as a guarantee, but as the Christmas carol goes: ‘Tis the season to be jolly.’.
The forex market is the most liquid financial market on the planet with daily turnover reaching the $6 trillion mark. More and more new traders enter the market every day and for a good reason. Forex trading is the number one income generator for millions of traders. There are plenty of stories where traders share how they failed or that the market is manipulated by brokers and very wealthy individuals, but please keep in mind those are stories told by traders who have failed. It is always easy to blame other factors than pointing the finger at the most obvious reason for failure.
Those traders who approach forex trading as a get-rich-quick scheme are the ones who will very likely not get the outcome they sought. Those who approach trading with a solid plan, a healthy attitude, patience and discipline are on a great path to enjoy the many benefits a properly executed strategy and a well managed account will provide. One very important partner in this journey is a great forex broker where the account will be managed and the trader has access to the forex market with all the tools necessary to analyse currency pairs.
One great tool for new and undecided traders is the option for a forex no deposit bonus 2017. This type of bonus requires no deposit by the trader, only an account opening. After the account is open the trader needs to
verify it and then the broker will credit an agree upon amount into the account which the trader can then use for trading purposes. This bonus can’t be initially withdrawn and is meant to get the new trader started. This can help familiarize new traders with the trading platform and forex trading in general, all in a live trading environment and not in a demo account.
Recipients of this bonus usually trade with it and after they reach a certain amount of profits, make a deposit into the account to further unlock its value. The earnings are 100% for the trader to keep and depending on the conditions of the bonus if requirements are met the bonus money may be kept as well. In those cases where the bonus will be cancelled, the trader will receive an additional bonus on the deposit made. In either case, the earnings from the bonus are for traders profits and will be fully credited. After the deposit, the trader may withdraw profits whenever desired.
As 2017 comes slowly to an end, there is no excuse for new traders not to get the best forex no deposit bonus 2017 and get their trading career started. Spending the next three months perfecting a trading strategy and growing the account after the bonus has been credited to the account is a great way to ensure a prosperous financial start in 2018. Don’t waste any time and make sure to accept a great offer from where you can build your future. Many traders are earning pips as you read this article and as we close this one out it is time for you to act. Open an account today and learn about all the benefits of forex trading.
Many new traders often struggle with deposits as they don’t have the funds needed to get started which makes a deposit bonus another great early Christmas gift. Please keep in mind that this is by no means free money and the right approach is needed in order to enjoy this bonus to the fullest. Traders who view this as a free gamble will soon fall below a threshold and see the bonus cancelled. Everyone who accepts a no deposit bonus should treat it as a deposit made on their end and use the same risk management as well as intelligent approach to trading. Don’t follow in the footsteps of many who scream scam when they hear forex, but be part of those who understand how to use the most liquid market to their advantage. Build a better tomorrow for you and your loved ones today by taking the first step now.