When you're first starting out as a trader those first few weeks can involve quite a steep learning curve. As well focusing on putting your chosen strategy into action, you'll be busy getting to grips with order placement, chart analysis, and finding your way around a trading platform. It's a busy and stimulating time, and its also one where mistakes can be made. We've all done it . . . Clicked 'buy' instead of 'sell', neglected to add a profit target, or looked at the wrong chart before placing an order! Brokers know this and one, Colmex Pro, is currently offering a very attractive solution to support you in your first month of trading - the Colmex Protected Account.
What is the Protected Account?
The Colmex Protected Account allows you to trade risk free for the first 30 days. Any losses you incur during this period up to $1000 will be refunded to you, and any profits you make you will keep. Opening an account requires a deposit of just $1000, and at the end of the one month covered by the protection, Colmex will return your account to this starting balance if it has fallen below. In essence, you're getting one thousand dollars worth of free insurance against trading losses. This represents a unique opportunity for new traders at the time when you need it the most.
Tips for Getting the Most from Your Protected Account
While this arrangement offers a fantastic low risk way to learn to trade, it's also a one-time offer for new accounts, so you'll want to ensure that you make the most of it. Here are some tips to help you maximize this opportunity:
- Be prepared. The period in which you're protected against losses begins when you open your account, so be ready to start trading right away. Have a clear plan for how you intend to trade, and then implement it. If necessary, clear your diary of distractions for these 30 days.
- Aim to profit. Don't be blasй about your trading just because you're insured by the broker. This is not a simulated account, remember; any profits you make you retain, so make this your goal. If you do not, then you'll reach the end of the protection period, you won't have made any money, and you'll have learned nothing.
- Trade confidently. Don't under-trade your account or lose interest while ever you have the protection at your disposal. This doesn't mean that you should enter positions just for the sake of it, but look for opportunities to extend your strategy into other markets and become an active trader.
Why Choose Colmex Pro?
Of course, you should never base your choice of broker solely on the incentives or bonuses they provide. Furthermore, you want to opt for a firm who you can stay with for the long haul, as you'll be investing your time in learning the nuances of their particular trading environment. Colmex Pro is an established firm with a strong professional reputation in the industry, regulated by the Securities & Exchange Commission in Cyprus and registered with the UK's Financial Conduct Authority. Offering trading in a full range of instruments, including stocks, forex, futures, and options, one of the areas in which Colmex really stands out is in its CFD products for US stocks, for which they provide direct market access to Level 2 exchange data. Charting and execution is supported from a selection of platform across desktop and mobile devices, including the industry leading MetaTrader4. Once your protected account period is over, with Colmex you'll have built the foundations of a lasting relationship with an excellent broker.
Profit Without Risk
Most of us look back on that first month as one of the most exciting periods in our trading career, with so much to learn and different avenues to explore. Make sure you remember yours for the right reasons by opting to protect your account with Colmex Pro.
