Forex Mini & Micro Accounts

[FXexpert]

This Article Can Be Found At: Forex Secrets Blog

Many of the most trusted brokers offer Mini & even Micro trading accounts for new traders who want to learn the ropes of trading Forex without having to risk a large investment to do so. Mini accounts are live trading accounts in which a trader can deposit a small sum(generally $50-$250 minimum), these accounts allow traders to learn trend following techniques, try signal services & other trading software and, most importantly, gain experience in a real time trading situation.

It's proven that brokers which offer Mini trading accounts attract more new traders, are usually more trustworthy and have an easier time getting larger deposits from traders who once had a Mini account(traders who learned the basic of Forex & decided to make a larger deposit into their account).

Whether you're a new trader or an experienced Forex guru, look for a Mini account option when choosing a broker, it could be the difference between success & failure.

[andy003]

Its most judicious to start trading through mini or micro accounts.Better still to paper trade or demo trade.

Demo trading helps traders practice with live market data while the money is only unreal.

[effx]

Originally Posted by andy003

Its most judicious to start trading through mini or micro accounts.Better still to paper trade or demo trade.

Demo trading helps traders practice with live market data while the money is only unreal.

Of course it's better to paper trade first but when you start live trading, it's better to start with mini or micro account depending on your amount because if you start with standard right away, you're risking too much.

[Karl Strauss]

Hi forum:
I think micro accounts are the best way for beginners, obviously after some time practicing with a demo account. You should use ECN markets, are less risky.
Karl Strauss
Economist
Harvard University

[ForexTrader]

I believe mini accounts are best for beginners.

[ForexVillage]

Originally Posted by ForexTrader

I believe mini accounts are best for beginners.

I agree - you shouldnt trade a large account until you can prove to yourself that you are a profitable and successful trader.

[RockFX]

Hi
Try ****** for mini accounts. They also have the biggest choice of online trading platforms in the world.

[onlinestock]

I dont know exactly what will work for me, I need suggestion over this. Can anybody give me? I have recently invested $1000 in forex. How helpful is this? Please advise.

[Enivid]

Originally Posted by onlinestock

I dont know exactly what will work for me, I need suggestion over this. Can anybody give me? I have recently invested $1000 in forex. How helpful is this? Please advise.

With $1,000 I'd recommend only mini Forex trading.

[FXexpert]

I recommend starting with a demo account before making any real deposit if you're a new trader.