Why You Should Get Started With Mini Forex Trading

Written By Steps To Faculty Published August 18th, 2010

Step 1: If you are new to the world to currency trading and aren’t ready for a full time Forex trading account find out why you should get started with a Mini Forex Trading account. With just a couple of hundred dollars you can set up a Mini Forex Trading account and enjoy many of the same privileges that a full account enjoys.

A normal Forex account requires you to put a minimum of $2500 into the account and for many that’s far more than they have to play with or want to play with. That’s why you should get started with a Mini Forex Trading account.

A Mini Forex Trading account let’s a person play, find out if they like what they see, and decide whether it’s an investment portfolio that appeals to them and it’s why you should get started with a Mini Forex Trading account.

Step 2: Although there are some restrictions on the mini account there are very nominal. A Mini Forex Trading account handles 10% of what a standard account is and the PIP is also 10% and it is why you should get started with a Mini Forex Trading account.

When you get involved in mini trading you are actually marginal trading which means that you are borrowing money so that you can complete a trade without having to put the full amount up yourself. This is called leveraging and it’s why you should get started with a Mini Forex Trading account.

Step 3: When you open your mini account and you put the minimum $250 in your account and that gives you 5 mini lots to trade. So see why you should get started with a Mini Forex Trading account? On a normal account the leverage would be 4:1 and the heavy leverage of 200:1 might be a bit hard to take but in Mini Forex trading this is not considered over leveraging.

The investor’s risk on a Mini account offsets the lower risk of losses which are 10% the amount that would be lost on a regular Forex trade. This actually makes it easier to run a trading strategy that is more disciplined. So you see why you should get started with a Mini Forex Trading account?

If you want to invest less than $10,000 using a Forex mini account is the way to go. Now that you know why you should get started with a Mini Forex Trading account what are you waiting for?

Copyright © 2007 Joel Teo. All rights reserved.


Roger Due

Investing in Your Destiny® & Coaching Program - Wealth Building Summit Dallas, Texas

My name is Roger Due and I am from Albuquerque, New Mexico and I am the owner of the Monsano software company. This has been an absolutely fantastic conference. This is the best I have ever been to.