Not Another Daily Deals Site! Forex Daily Deal is the new kid on the block...

Dec. 15, 2011 - PRLog -- The latest newcomer to jump on the daily deals bandwagon is a small player in the foreign exchange trading niche. However, at the moment the name “daily deal” seems to be a bit of a misnomer for this particular site.

Forex Daily Deal (http://www.forexdailydeal.com) is currently offering “competitive broker bonuses.”  

Apparently, in the foreign exchange (forex) trading industry, due to the high competition to acquire customers, brokers offer various incentives to “lure” potential clients.  Often these incentives take the form of extremely generous deposit bonuses, educational packages and even at times free giveaways.

Forex Daily Deal has come up with an ingenious way squeeze even more generous offers from the forex brokers.  The site has effectively created a type of “reverse-auction” system.  Once visitors leave their details on the site, they are contacted by five forex brokers within 24 hours.  In this way the brokers are put into direct competition with each other, thus increasing the bargaining power on the customer’s end.

While this is not at all a “daily deal”, according to the David Jay the Marketing Manager, this is just an appetizer before daily deals are actively offered on the site.

“Chasing bonuses should certainly not be the main factor in deciding on a broker to trade with.  Forex trading is extremely risky, especially due to the leverage offered by some brokers.  While this is also an advantage, many newcomers to trading lose their shirts along with their deposit bonuses!”

“Those interested in forex trading should first trade with virtual cash before opening a real trading account.  However these bonuses are really ideal for forex traders who are already trading profitably. Although there are very few ways to get ‘free cash’ out there, for those who know what they are doing this is really a great deal.”

“Forex traders can easily integrate several brokers into their trading platform.  One of the most popular forex trading platforms out there is the Metatrader® platform.  This trading platform allows users to interface with multiple brokers.  Therefore there is really no excuse for traders NOT to seek out the best bonuses available at any point in time.”

“At the moment there still is a lot of competition between the brokers and it is a window of opportunity for traders to take advantage of this competition.”

Currently, most of the bonuses offered through the site are deposit bonuses.  However, as the competition intensifies between the brokers on the site, more incentives are likely to be offered.  

All the brokers affiliated with the site are EU regulated forex brokers.  They are currently accepting clients worldwide, except US-based clients, due to regulatory constraints.
Within the next month the team at Forex Daily Deal will be looking to truly introduce daily deals at the site.  At the moment they are actively seeking out premium and reputable forex related products to promote on their site.

Forex traders interested in competitive bonuses should check out Forex Daily Deal at http://www.forexdailydeal.com


Risk Disclaimer:  Forex Trading involves extreme risk and should only be undertaken with risk-capital.  Individuals should carefully consider their financial goals before trading in forex.

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Forex Daily Deal is a Daily Deals Site for Forex Traders.
http://www.ForexDailyDeal.com

Forex Daily Deal aims to give traders leading forex related products for cut-price costs:

Currently Forex Daily Deal is offering leading forex broker bonuses!