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Beginner’s Guide to Forex Forecast Bonus

Trading in the foreign exchange market is a constant learning process. Knowing the basics about forex is just the first step. Every trader must always be on the lookout for new innovations or new strategies to make sure they are not going to be left behind in this fast-paced world. One of the new additions to the foreign exchange world is the forex forecast bonus.

Overview of forex forecast bonus

Basically, it is just similar to other types of contests. What sets it apart from others lies in the word “forecast,” which means “predict”. Participants enter their predictions about the market value of a specific asset at a specific time period. Whoever provides the exact forecast first, wins.

In the event, no one was able to guess the exact market price, the one whose prediction is closest to the exact price becomes the winner. Winners of the forex forecast bonus may receive any of the different kinds of rewards. They can be physical cash, the percentage of the winning depending on accuracy or material prizes such as gadgets.

How can a trader get the forecast bonus?

Before finally participating in and winning forecast bonus contests, there are a number of requirements that the traders need to meet.

They are the following:

  1. Find a broker who offers foreign exchange forecast bonus service. Þá, enroll in their website. Note that a trader can only join in a forex broker’s contests if he is not already enrolled in another.
  1. Switch to a live account. Traders tend to get excited to be part of the broker’s contests right away. Yet, they cannot do so while their accounts are still on the demo stage. Þannig, they should officially register a live account. Upon doing so, they also have to specify their preferred mode of payment and currency when managing their accounts.
  1. Make an initial deposit in the broker’s platform. From the broker’s website, the traders can find the specific instructions and guidelines on how to pay the initial deposit, such as how much is the allowed minimum amount. Once the process is completed, the traders should already see their money added to their account wallet. By then, they can already start taking part in forecast bonus contests.
  1. Fill out contest application form. Even participation in these contests needs to be official and documented. To apply, simply go to the bonus page of the website. Make sure to click on the forex forecast bonus to view the contest guidelines and finally get the chance to make predictions.
  1. In some of the brokers’ websites, there is a contest page, which is separate from the usual bonus section. They do this simply because they want to properly draw the line between their two features: the contests and the bonuses. þó, even if they are on different sections, the rules and policies remain the same.

 

Now that forex forecast bonus has already been tackled, traders are now ready to take on the challenge, try their luck and make predictions.

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