Mini Forex Trading

If you are just starting out in foreign currency trading then you will almost certainly want to start by trying your hand at mini Forex trading.

The Mini Forex Trading was designed for those who are new to the forex market. The
Mini forex account trades in smaller contract sizes of 10,000 units, 1/10 th the size of the standard account. The smaller forex trade size gives traders the opportunity to trade live with less overall exposure to the market.
There is no maximum trade volume on the mini Forex trading account. Although the standard trade size is 10,000 units – you are not limited to trading one lot! For instance, you can trade 10,000 units, 50,000 units or 150,000 units. If you looking to get your feet wet in the forex trading I would highly recommend that you stat off with a mini forex account.

A Forex trading mini account operates by allowing you to use leverage in trading so that you are effectively trading with more money than you actually have in your account. The leverage available will vary between brokers, but is typically in the region of 200 to 1.