Mini accounts allow traders the experience to trade the largest most dynamic markets in the world. Traders can develop a trading strategy that meets their risk levels and allows them to familiarize themselves with the trends and volatility of Currency trading without risking large amounts of capital.
The mini account trades in smaller contract sizes of $10,000 lot sizes which is a tenth of the standard $100,000 trading lot size.
For example, if a trader was to buy the Euro/Usd at $120.00 and sell the contract at $120.50 he would be looking at a gain of $50 on a mini account rather then $500. On the other side if the trader were to buy the Eur/Usd at $120. and sell the contract at $119.50 he would be looking at a $50 loss or on a standard account $500.
Traders that are new to investing need to learn trading basics and discipline. Such as trying to cut your losses quickly and letting your profits run. By starting small traders can develop their own trading style and build up their confidence. Many traders know this concept but when real money is on the table they have a tendency to get emotional and hold on until the losses become bigger and hoping that the market turns around in their favor.
Mini Accounts give the traders the ability of more staying power in the market. Even if you are correct on the direction of a currency if you are over leveraged on your account you may be forced out of the market if you are over leveraged.
Forex Mini Account allow traders the ability to take advantage of several opportunities without over leveraging your account.
Traders Exchange Corp. is here to help you in anyway we can. If you have any questions please let us know and we would be happy to help.
Traders Exchange is committed to protecting your privacy. We will not share or sell information regarding its customers and/or prospective customers to any third parties.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetitie. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
