Forex trading or foreign exchange is biggest economic market with trillions of dollars being traded by traders and brokers across the world. With so much of money and excitement being on line, Forex is the most sorted option for traders and money makers. Fact that Forex provides big money and big opportunities does not makes it just a platform for experienced traders, as with a mini Forex trading even new and amateur people can trade and earn good.
Mini Forex trading or mini Forex account is also known as part time trading which is designed to support people who have not much of an experience in the world of Forex.
What makes mini Forex trading different and a benefit for a newcomer is the fact that it requires small amount of input and also has low rate of risk involved as compared to the bigger Forex market. What more? In spite of benefit of being able to trade small and safe you also get the facilities like Forex tools, charts, stop loss and leverage.
With leverage playing the main role in mini Forex trading, you just have to invest an amount of 250 to 300 dollars. Also, with the kind of leverage offered in a mini Forex trading a novice can easily trade for utmost of 5 lots. With a leverage of 200:1 and a deposit as small as $50 gives a trader a chance to trade approximately $10,000.
A mini account provides flexible leverage and low margin facility also, the pip is just $1 reducing any risk. For example in a standard or bigger Forex account when you lose 20 pips you face a loss of 200 dollars, but with pip value being $1 (in mini Forex account) losing 20 pip means losing just 20 dollars.
In spite of the fact that mini Forex trading or mini Forex account is safe and less risky, a trader needs to be careful and well aware of his/her steps while trading in Forex. Such as, never avoid risk management tools like implementing a ‘stop loss order’ in your Forex dealing. Use Forex charts and analyses methods to decide your move. In beginning trade or deal just one pair at one time and do not go on purchasing or dealing with two or more pairs to earn more, as objective of mini Forex trading is not earning big but to teach a newcomer moves and trends of easy and safe money making in foreign exchange market.
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