Mini Trading

If you are new to trade online forex trading currency, then you probably want to start trading on the Forex mini deposit. Though different brokers different minimum amount required for opening deposit As a rule, you will pay about $ 2 500 or more. But a novice in this area can open a mini deposit from $ 250.

The standard deposit is needed for the size of trades in 100 000 the lot, while the mini deposit allows you to trade lots sizes of 10 000.

Mini Forex deposit involves the use leverage at the conclusion of transactions, that is, you are trading more money than you have in your account. Again, the size leverage varies depending on the broker, but it averages between 200 to 1.

So what does this mean? Assuming that the minimum necessary to purchase the lot with leverage from 200 to 1, is 10 000, you can trade with $ 50 ($ 50 X 200 = $ 10,000). If your deposit is $ 250, you can buy 5 lots.

This, of course, very elementary explanation, but the main thing that you need to understand - even novices who do not have a large start-up capital, can trade in Forex, without incurring large losses and not making a big investment