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Mini
Forex Trading Account / Why
Trade a mini? |
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Get the
Mini |
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Trading Account ADVANTAGE
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Start Small. Gain
Knowledge. | |
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- $300 Minimum Account
- Up to 200:1 Leverage*
- 1 Pip ≈ $1.00
- Smaller Trade Size
- 25 currency pairs
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- New FX Traders transitioning from stocks
or futures
- Account Balances with less then
$10,000
- Traders wanting to test out Forex
Execution and services
- Experienced traders looking to fine tune
trading approach
- Traders Wanting Free Access to Forex
Trade Ideas
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Plus Mini Accounts
Include All The Features of a 100K Account Including:
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- Rapid execution from live,
streaming prices
- Spreads as low as 2
pips
- Competitive Prices
- Hedging
- Receive positive rolls at all margin levels
- Best efforts will be made to
fill your trade at the price requested
- Real-Time charts directly from
trading platform
- 24-hour online access to exclusive
trade ideas
| The Forex Mini
account was designed for those who are new to the FX market. The
Mini account trades in smaller contract sizes of 10,000 units,
1/10th the size of the standard account. In addition, the Mini
account allows traders to become familiar with Forex, specifically
the quality and reliability of Forex dealing practices and the
stability of the FX Trading Station.
Develop a Disciplined
Trading Strategy
We believe that if you asked any successful trader he will tell you that the key to
trading success is discipline. Everyone has heard the expression
“cut your losses and let your profits run” yet how many traders
actually practice this?
Many traders will hold on to losses hoping this trend will
reverse eventually, only to see the loss get progressively larger.
These “irrational” trading decisions are based on emotional
reactions to fluctuating profits and losses, a common pitfall for
new traders.
Losses can AND WILL occur. A trader's ability to limit his losses
is just as important as (or even more important than) determining
entry points.
We feel that since the pip value on the Mini Account is about $1 per pip,
traders can focus on pip movement and market conditions NOT P/L.
Start Small—Build Up
Confidence
There is NO MAXIMUM trade volume on the Forex Mini account that
the FDM we introduce for offers.
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. This means as you
become more seasoned and build up confidence you can slowly increase
the size of your positions to maximize your potential. In fact
the trade size of 10,000 units allows for more flexibility in terms
of customizing the size of your trade. The ability to customize the
size of the trade enables better risk management.
Ideal for Accounts under $10,000
We recommend that all traders with account balances less
than $10,000 trade a Mini account. This gives you more staying power
in the market, and the ability to take advantage of multiple
opportunities without over-leveraging your account. If you
over-leverage your account you will not give yourself room for
error. Even if you are correct on the direction of the market, minor
fluctuations can generate a margin call and liquidate a good
position.
Take a Mini
Challenge!
Due to the over-the-counter nature of the FX market, execution
varies depending upon the firm you trade with. The FDM that we introduce for provides
execution and service reputed to be among the highest quality in the
FX industry. When you trade online with them you
receive:
- An intuitive and user-friendly trading
software
- Rapid execution from live, streaming
prices
New accounts can be up
and running in as little as one business day (subject to method of
funding). Convenient Funding options are:
- Online Check
- Credit & Debit Card ($10,000 max per
month)
- Bank Wire (USD only)
- Paper Check
*Leverage is a double-edged
sword. Without proper risk management, this high degree of leverage
can lead to large losses as well as gains.
**These features are available via the
No Dealing Desk Execution platform offered by the FDM that we introduce for.
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