How do you avoid bonus and promotion traps?

Deposit bonuses sound like free money and usually come with trading-volume conditions that make withdrawal nearly impossible. Offshore brokers use them most aggressively, and the terms are always written to favour the house.

How do you avoid bonus and promotion traps? — risk-reward diagram
A risk-reward ratio of 1 to 2

Have you taken a bonus?

  • what the conditions actually required
  • whether you ever withdrew the bonus or profits attached to it
  • what you'd tell a beginner offered one today
How do you avoid bonus and promotion traps? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The pattern is well known; forex scams lists it among the classic hooks.

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