Forex Bull

Trading with a mini forex account

There are different types of forex trading account, but the mini forex account can be a great way to get used to the movements of currency trading — without needing a lot of capital.?

A mini forex account is one that requires smaller amounts of money. Instead of needing $2,500, as with a regular forex trading account, you only need to $250 to open a mini forex account. However, the lot sizes are also smaller: 10,000 for a mini account vs. 100,000 for a regular forex account.

This means you are using less money. While you get the same leverage, your gains (as well as your losses) will be smaller than if you use a standard forex trading account.

A mini forex account still has risks, though. You can still lose a great deal of money, and you should be sure that you understand what you are doing. But a mini forex account can be a good step when you are done with your practice forex account and ready to start trading with actual money.

See Also

• Learn Forex Trading
  Tips on forex trading

Excerpt from:
Consider a Mini Forex Account