Just imagine if you could start a home business that can make you a six figure income and only requires a few hundred dollars to start. Trading a Forex mini account is how many are doing this.
Some may think it takes a large deposit to set up a Forex trading account. This used to be the case but things have change dramatically. Today, you can open a mini account with a couple of hundred dollars.
What is a Forex Mini Account?
Low Deposit Requirements. You can find brokers that will allow you to open an account for $250 to $500. There are not many businesses that you can start for such a low amount that have such huge income potential.
Leverage. This is when you can trade more money than you have deposited. With most of these accounts, you can trade up to 100 times your deposit. So, trading $50 means you can control $5000 worth of a currency pair.
Lower Risk. Smaller lot sizes means less risk. This is perfect for new traders who need to develop their trading strategy. You can build your account to a larger size by reinvesting your profits. Once you are confident, you can start trading larger lot sizes to make more profits.
Practicing. You should always start out with a practice account. Mini accounts come with these if you select the right broker. Never test a trading strategy with real money.
Starting a business for a few hundred dollars that has the potential of making as much money as owning one of the world's best franchises is pretty amazing. Using a Forex mini account is your first step to achieving this.
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