About 'forex pros'|Pro Forex Robot August Start
Before starting a business profession, people analyze the risk and reward associated with it. A simple way to minimize the risk is to start your forex business with forex mini account. A mini account is like a normal account with a small investment. $100 are enough for opening a forex mini account. Forex mini account helps the traders who want to get confidence in trading without any big sacrifice. So if you want to learn forex, forex mini account is best for you. Risk and return are the two essential parts of every investment. So there are some advantages and disadvantages of using forex mini account that are: Positive points of using forex mini account: By using a forex mini account you can claim a number of benefits that are: Low start up cost: A forex mini account can be opened with only $100 while a regular account costs you $1000. So a regular account is ten times costly than a mini account. It is ideal for small investor because they can enter in the market with low startup capital. It is affordable for every person who wants to enter in forex. Low level of risk: Since the investment required to open a forex mini account is lower, so the risk is also lower. If we compare it with regular account the loss occur in this is so much low. It give liberty to traders to trade without any danger of risk. Ideal for new traders and investors: Forex mini account welcome the new comers in the market with its great features. Forex mini account provides the opportunity to traders to enter in the market. So with the forex mini account you have liberty to trade in a real scenario. This is very convenient for a beginner that start trading in real market. It provides a best opportunity to traders to become more experienced and confident trader. If you are one of the rookies seeking to learn via a mini account, you must read currency trading basics to discover a few simple principles that would make you completely different from the rest of the herd. Act as a regular account: Forex mini account is not a demo account. It contains all the characteristics and features of regular account. Through forex mini account you can get reward on your successful trades and can enter in the market easily. Leverage: By using forex mini account, you can enjoy more leverage. Mini account can help you to earn a decent profit. Ideal for learners: Forex mini account provides the opportunity of learning forex market. They can see the market indicators and also can judge the different parameters. Mini account helps the traders to increase their knowledge. In simple words, forex mini account act as a coach for entrepreneurs who want to start their career as a trader. Disadvantages: Each thing has some good side and a bad side. So the couple of disadvantages that are related with using a forex mini account are Return is low: The whole finance is based on the principle of "low risk low return". So in forex mini account you are putting very low investment in market. You are considering low risk. So according to principle of finance always keep in mind that your return will also low. A mini account cannot earn thousands of profit for you. High commission: You has to pay commission for every trade either it is big or small. So using a mini account you do small trades. Brokers charge you commission for every trade irrespective of their size, so in short you are paying more commission than regular account. Low level of facilities: Most brokers provide less facilities to mini account holders. So it is up to you to make the correct analysis. Bottom line: Forex mini account is just like regular account but with low startup cost. Along with low level of risk and capital, you can claim a number of benefits by using forex mini account. But also the disadvantage is your return on mini account is very low but the commission is sometimes high. If you sure that it is what exactly you need, see the details of a recommended broker with great features in its mini account at another look at AvaFX. |
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