Forex auto trade – How to get monthly cashback form forex trading
Forex auto trade is a way of making money on the forex markets by using Forex auto trade trading systems. The most widely used trading platform in forex auto trade is the Metatrader 4 trading platform. It has several advantages. For example, by using so called Expert Advisors you can trade forex automatically even when you sleep. Forex Megadroid, FAP Turbo and Forex Shocker is among the most popular Expert Advisors that you can use if you want to get into forex auto trade.
Brokers make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount or cashback on all this money your broker is making from your trading?
Yes there is! Take a look at the following calculation example:
Assume that you open an account with FXCM which a very reputable MT4 Broker, which offers 0.6 pip discount per roundtrip lot traded. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit $2000 on the account. Our estimate is that you will turn over about 10-15 Lots per $1000 per month on your account when using FAPTurbo and Forex Megadroid. Assume that your turnover is 24 lots per month on your $2000 account.
Your monthly cash rebate during the first month would then be:
0.6 x 10 x 24 = USD 144
Your annual ROI would then be (144x12/2000) about 86% per year.
This is a very conservative figure since it does not take any compounding at all into regard and assumes zero growth from expert advisors. Assuming a monthly growth rate of 20% you could make $4500 per year from this program only in forex auto trade.
It is 100% free to sign up and your spreads or commission remains the same after joining this program so there is really no reason why not to join. It is simply just money waiting to be collected by you!
One of the major advantages with this service is that you get paid based on your trading volume, not the win rate of your trading. So even if you go break even on the actual trading results during a specific month, you will still be able to make a nice profit on your forex auto trade when accounting for the monthly cash back that you can receive when signing up for the broker cashback program explained in this article.
FXCM is not the only broker for forex auto trade that is connected to Cashback Forex. You can also claim a cashback from the following brokers: Alpari UK, Avafx, Dukascopy, Etoro, FXCBS, FXCM, FXDD, Fxopen, Fx Pro, GallantFX, Go Markets, Liteforex, Marketiva, Tadawul FX, X Forex
If you are in the field of forex auto trade, sign up for this program today and start to take advantage of the cashback system and get some money back from the brokers.
To learn more about this program and to sign up, please go to the link below.
Forex auto trade cashback Program: http://www.forexcashback.info
Article Source: http://www.articlesbase.com/currency-trading-articles/forex-auto-trade-how-to-get-monthly-cashback-form-forex-trading-1655700.html
Douglas Smith is a professional day trader. He uses a combination of manual and automated strategies. His automated trading strategies are shared at his blog Forex Autotrading Insights.
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