Forex Trading

Mini Forex?

Does anyone have experience trading Mini Forex? Is it profitable? 200:1 leverage on some accounts. What minimums do you trade with and work your way up to?

You can buy $100,000 worth of currency with $1,000 margin in a standard account. This would be the purchase of one standard lot, at 100:1 leverage. Or you can get 200:1 leverage in a mini account. Wo, how much trouble can we get into now?

Just because you “can” doesn’t mean you “should” trade with this kind of leverage. Trading stocks with 2:1 leverage is considered risky.

What most people don’t seem to realize, is that you don’t have to trade with leverage at all. Just put $100,00 in your account, buy one lot, and you have zero leverage. Or put $10,000 into a mini account and buy one mini-lot, or $1000 and buy one micro-lot.

You can see that by controlling leverage, trading the Forex doesn’t have to be any more risky than trading stocks or any other investment.

Go ahead and use real money to trade while you learn like most foolish people looking to get rich quick. But if you’re smart, you’ll trade a simulator while you learn for at least six months before you invest a penny. Here’s the simulator site:

Other Forex sites:

http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex-trading.bluecollarnews.com…

master trader?
http://www.robbooker.com/

useful e books:
http://www.rapidforex.com/
http://www.traderssecretcode.com…
http://www.1forextrading.com/

Learn Forex With FXCM: Trading The US Dollar, Part 3 of 3