Mini Forex Trading
A mini Forex trading account is the perfect way to get your feet wet in the world of foreign exchange currency trading. Through mini Forex trading you can learn how the whole thing works– without getting in over your head. In other words, it is a way to get in the game with real money, but the focus is more on learning how to trade on Forex than on huge profits and losses. With a mini Forex account , you get all the benefits and tools of a full fledged Forex account. It is just simply on a smaller scale. You use the same software, graphs, and tools from your brokerage, but the contract sizes are smaller. To open a mini Forex trading account you will only need from $100 to $300 (depending on the online brokerage that you use). Mini Forex trading is done in a smaller size of 10,000 units. This is 1/10 of the size of a standard account. In a mini Forex trading account one pip is one dollar for EUR/USD and GBP/USD. Mini Forex trading is not only relegated to newbies. Experienced pros who retain less than $10,000 in their accounts, find mini Forex trading the perfect remedy to taking part in trading without the added stress of severe losses.