Forex Newbie – Is A Forex Mini Account Better Than A Standard Account For Beginners?
December 29th, 2009 | by Frenday |Yes, a forex mini account lets you start with a lower minimum balance (often $250-500) compared to a standard account which requires a higher balance.
The main difference between a mini and standard account is the lot size you get to trade. In a mini account, your trade value is $1 per pip, while in a standard account it is $10 per pip.
With a mini account, you can step into forex trading with minimum risks and a chance for above-average returns.
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