Now a day Forex Trading is one of the most upgrowing market in the world and people wanted to now and start from min investment..One can get mush more profit from min investment but he/she must know have a little bit knowledge about forex market, like how does it works, values,how to trade and where to trade these are some basic points.It is a worldwide market and one can access from and part of the world through internet. It is open 24 hours a day but it closes from 2 am friday night and again open on sunday night 3 pm.
Micro Account:
I have seen many companies in the internet that they required investment minimum investment of 10$ to startup Forex Trading but be careful chose the registred company for safe trading. One can also enter in to the market from 1$ investment to trade a "micro account", which allows only 1000 units.Each pip or tick in micro account worth 0.10$ profit or loss. Profit and loss depends upon wheather you are going with the market or against it.
Mini Account:
In mini account you can get the control of 10,000 units of currency, And pip or Tick wort is 1$. It is a little more profitable and give you early results but i suggest for new traders to invest minimum at the start, and set volume at 0.01.
Standard Account:
It gives you the control of 100,000unites of currencies and pip or tick worth is $10.
It is a market where you can bey and sell your positions at any time during the market open period.And you can withdraw you ammount at any tine(open period on market) without any delay.One more advantage of this market is that if you have less ammount but you want to trade it will allow to control bigger market positions by using leverage or margin trading.
[source: earnforex.com]
[source: earnforex.com]
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