How to stretch your dollars when trading

As an aspiring trader at some point I am sure you have been looking funds to trade or just wished you had more to trade and maximize your profit. Today we are going to be talking about some strategies that can help you stretch your money and increase your trading rewards

These benefits and strategies are very dependent upon the broker who you choose, so you want to make sure that the broker you use is regulated and verified so that your rights are protected. When you find such a broker make sure to check them past WikiFx. This app helps your find the best rated brokers with excellent customer service. They also show you which brokers are known for scamming people so you can avoid these brokers from the get go. And if brokers give you a problem you can contact WikiFx, they will help you get your money back.

1) Funded trading

There are a number for institutions that now offer funded trading are now popping up in numbers. The premise is simple, you prove your trading skills then you are given funds to trade with. You get a percentage of the funds, usually a 50-50 split and the rest is given to your investors. You simply have to search “funded trading” on Google to find out which platforms offer the program. The tests are quite difficult but these people will be investing thousands of dollars on you they want to make sure that you have the skill and wont blow the money. Some platforms will make you pay for the test, some will let you take the test for free. Some will even offer you a better cut of the profits so just look out for such a program and try it out.

2) Trading competitions

These are competitions where by people are given demo accounts to trade and whoever makes the most money wins a grand prize. This is method is cost effective and will help you learn techniques to take advantage of leverage. These competitions are organized by brokers so you may have to sign up for a new broker if yours does not offer such a competition. But remember to check if they are regulated and verified using WikiFx. You dont want to work with a scamming broker that will not give you your earnings.

3) Affiliate marketing

The last tip is especially useful for individuals who have a good social media following. You can sign up for a broker affiliate account and market a special link you will be given. Using the link people can sign up to the broker you recommend and receive earnings for every successful sign up. You can even get profit share where by any profit a broker makes you get up to 50% of the money. It is a way to earn money with your trading passion and fund more accounts to trade it. Once again dont sign with just any broker, first check is they are regulated and verified through WikiFx and you will be on your way to begin making extra money