The easiest way to maximize a bonus is to make more trades. Doing that will essentially “trick” the bonus program into giving you more money for the same level of trading. If you have done that, then you can start thinking about making the most of the revenue that you have earned throughout your campaign, especially since most bonuses only give a limited amount to a person. GlobeX360 bonus promotion guide is given here.
Below are some ways to maximize your free or expanded bonuses.
Reducing your loss:
The most important thing to keep in mind with loss prevention is to trade conservatively and always make sure that you leave room for profit. The bonus program needs your money if you want to make them work for you.
If you are willing to take on some risk, you can also reduce your losses by positioning yourself in riskier trades. For instance, if you want to make money on a short trade, you should be willing to go short for more than 50% of the maximum bonus amount. If you go short for 50% of the maximum bonus, you can still make money by going long for the rest of the bonus period.
Take profits after losing just 10% of your initial margin:
Taking profits after losing 10% of your initial margin is one of the most important things to do. For instance, if you were to place a limit order for $1 million with an initial margin of $100,000, you would have a profit of $1,000 if you were able to make $100,000 in the first 24-hours.
You should always set a profit minimum that you don’t mind losing for the campaign, and if you are not willing to lose the full $100,000 to the trading program, you should not even bother attempting the trade.
Adjust your position daily:
A lot of people like to play it safe and make sure that they always keep their position within a certain amount. If you do that, you are not likely to have a lot of opportunities to make money, especially in a free program where the level of risk can be incredibly high.
If you go against this guideline, and let the trading program do the work, then you will have much more opportunity to profit and make money with each trade that you make. In a premium program, you have to use your judgment on how much risk you want to take. However, you should always make sure that you are within your limit on your initial margin to give yourself the most opportunity to profit.
Use leverage:
Leverage is another way to control the trading program for yourself, which can increase the odds of earning a profit. This is particularly effective with the rewards program because many rewards are very specific, and there is no risk if you lose money. If you are willing to lose up to 10% of your initial margin, you can add 10% as an additional margin of up to 20% as an additional margin daily.
Conclusion
The whole point of a trading program is to bring in more profit than you would make on your own. However, not everyone is willing to take on so much risk to achieve that goal. By following these tips and by making the most of the bonuses that you are offered, you will be able to maximize your profits on each trade.