Wednesday, September 14, 2011

Forex mini lots or firm ground - is making money

How much money do you need to make good money in the forex market? Maybe you need less than you had imagined. Is there a way to trade in foreign currency that the use of so-called mini-lots start includes known. These are a lot of real money, but they are something special because of the amount of money you place in them is much lower than a normal amount, but that does not impede the ability of your efforts to make money trading.

For example, seeds in a mini-account with the amount of nearly $ 1 over $ 10Value of belonging to a regular pip lot.A forex mini account gives you many only $ 10,000, a value that is ten times lower than normal lot $ 100,000 a regular account. From here you can see that the risk involved in trading with a mini forex account is much less risk that it assumes a regular account. It 'true that they earn less money in every successful transaction, but with diligence and a good system you can grow your money with a mini account, and then, ifYou have your own forex trading system you can easily switch to a regular forex trading account mastered.

FOREX

As a summary of what you would expect from a mini forex account can say the following:

- Income = $ 300 minimum deposit required
- Recommended required account deposit = $ 2,000
- Traded in 10,000-unit monetary very
- Default Margin: 0.5% ($ 50 per lot mini) series
- Leverage = 200:1

The next time I hear people talking in forex trading mini lots is whatis mentioned.

Forex mini lots or firm ground - is making money

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