Mini Forex Trading With Forexgen

If you are just starting out in foreign currency trading then you will almost certainly want to start by trying your hand with a mini Forex trading account.

Although it varies from one broker to the next, a Forex trading account can usually be opened with $2,500 or more. However, for those who are new to the world of currency trading then a Forex mini trading account can be opened for as little as just $250 with forexgen.

A standard account will usually be operated in trading lots of 100,000 (meaning that you have to purchase 100,000 dollars, euros, yen etc.) whereas a mini Forex account you will normally allow you to trade in lots of just 10,000.for more informations....

With Forexgen's standard accounts you can trade with mini and micro lots that means that you have to purchase(10,000 or 100,000 dollars,euros,yen,etc) whereas a mini account with Forexgen allows you to trade micro and mini accounts, that means that you have to purchase 1000 or 10000 dollars,euros,yen...etc.

A mini Forex trading account operates by allowing you to use leverage in trading so that you are effectively trading with more money than you actually have in your account. The leverage available with Forexgen is from 1:200 up to 1:500 for a mini account,that means for example if you opened a mini account with forexgen with a deposite of $250 and leverage 1:500 you will get $500 for each 1 dollar of your $250 deposite indorder to enlarge you investment size.read more....

This is of course a very simple introduction to online mini account Forex trading and there is a little bit more to it than portrayed here.for more informations...
Nevertheless, the principle behind Forex mini trading is simply to allow those who are just starting out in the world of foreign exchange trading to learn the ropes without investing too much money or taking too high a risk.read more....