Micro Forex Accounts

You’ve heard of all those Forex successful traders who are making themselves wealthy every single day trading in a market with a volume that exceeds 3 trillion dollars daily. Why not be part of that market? Maybe you don’t think you have the money. That is not the case when it comes to Micro Forex Accounts

How many Forex account types are there?

* Demo Forex trading accounts – used for practice. No money needed
* Forex live trading accounts – all accounts opened with real money (that are not demo accounts)
* Micro Forex trading accounts – less money needed to open one- a 10th of a mini account
* Mini Forex trading accounts – start with less money – a 10th of a standard account
* Standard Forex trading accounts – so called “normal” account, used by experienced Forex traders.
* Managed Forex trading accounts – let someone else trade for you.

A micro account is considered to be 1,000 units of the base currency you are trading, a mini is 10,000 units and a standard account is as high as 100,000 units.

Did you know that you can start trading in Forex with only $25? That’s less than going to a movie and getting yourself some popcorn.

A standard account usually requires you to put down $2,500 to open it. This might not be doable for everyone, so Forex Brokers offer mini and micro accounts to fit everyone’s budget and level of expertise. Some people might have the money but don’t want to lose it while learning how to trade, so the best way after playing with a demo account is to open a micro account. Taking one step at a time!