In the Forex world there is something called a Mini Account, and it uses a different leverage calculation than a regular (100k) account. This means that instead of trading full-size currency lots (100,000 units), you'll trade in lots that are just 1/10 the size (10,000 currency units), which in turn greatly reduces the amount of money you risk in each trade you enter. Pips in a Mini Account are worth, on average, $1 instead of the $8 to $10 value they have in a regular account. The Mini Forex account offers up to a huge 200:1 leverage, this means that just a $50 margin deposit will allow you to trade lots worth roughly $10,000, but the smaller lot sizes, with correspondingly smaller pip values, means that you'll be profiting less from a successful trade and also losing less if the trade goes bad . For example, while a 20-pip loss on a 100,000 USD/JPY position would be $200, the same loss on a 10,000 USD/JPY position in a Mini account would amount to only $20.

The following are the characteristics of a Forex Mini Account.

- Minimum required account deposit = $300
- Recommended required account deposit = $2,000
- Traded in 10,000-unit currency lots
- Default Margin: set at 0.5% ($50 per mini-lot)
- Leverage up to = 200:1

Contrary to what you may be tempted to think, there is no downside to trading a Forex mini account, you will be enjoying all the benefits that full-size FX account holders enjoy; including, same state-of-the art trading software from your broker, charts, resources, and tools. This mini accounts are ideal for a new Forex trader to develop a disciplined, rational forex trading strategy and technique without excessively focusing on the fear naturally arising from thinking too much about profits and losses.

One more great new for the starting forex trader is that there is no maximum trade volume when you use a mini account. Although the standard trade size is 10,000 units, you are not limited to trading one lot. For instance, you can trade 10,000 units or even 200,000 units. Allowing that, as you become more seasoned and build up your confidence you can slowly increase the size of your positions to maximize profits. This ability to customize the size of the trade will allow you to have a better risk management of your money.

1. Low Minimum account size

$300 will allow you to start a forex mini account. This is affordable for most people to start off with in forex trading. When you consider forex trading as a business, there are very few businesses costing only $300 as a startup capital offering lucrative prospects of earnings within a very short time.

2. High leverage

You can get leverage of 200:1 In the mini forex account, there is a small margin deposit required fixed at $50 for per lot traded. This amounts to a stunning leverage of 200 to 1. One of the key factors to accelerate profits is to use trading vehicles of high leverage, and a forex mini account certainly meets or fulfils the definition of high leverage.

3. One pip is equivalent to $1

Trading in pips allows the new forex trader to scale down his risk. With such a low denomination, the trader is able to deal with forex trading with less pressure and more discipline. For example, a 20-pip floating loss is approximately $20, so that if you have a 20-pip sudden move against the direction of your trade on a 100K account, that is translated into a $200 floating loss. In every transaction, by using a Mini account, the trader does not end up with a total loss as he loses only a small amount on every losing transaction. This allows him to follow his trading strategy in a disciplined manner.

4. A smaller trade size

The mini forex account trades in smaller contract sizes of 10,000 units which is 1/10 th the size of the standard account. This smaller trade size allows traders an opportunity to trade live with less overall risk. As a result, a beginner can transit or move into forex mini trading quickly from paper trading. While the standard lot is 10,000 units, the beginner trader can increase trading to more lots or units as he gains experience and confidence, and as his profits increase as a result of disciplined trading.

One hidden benefit of trading the mini forex account is that traders can become familiar with the quality and also the reliability of the forex trading platform or trading station of his broker. This is because the forex mini account utilises the same state-of-the art trading software as that for normal sized forex trading.

Mini accounts are recommended for traders with account balances of less than $10,000, allowing them more trading opportunities without over leveraging their account and hence get more staying power in the market.

Mini Forex accounts are an excellent way for traders, new to the Forex market, to open an account and start trading with much less required capital than a regular Forex account. A Forex mini account can often be opened with as little as $250, whereas a regular Forex account usually needs to be opened with upwards of $2,500. With a mini account, you can enjoy many of the same benefits offered by a regular Forex account, with out having to risk a large amount of money. Forex mini accounts are with out a doubt the best way to learn Forex trading!

Mini account does not necessarily translate into 'mini profits'. One of the best features of trading the FX market is leverage. Leverage allows you to trade more of any currency pair than you have money in your account, this is possible because of the liquidity of the foreign exchange market. The Forex market allows traders to use leverage of up to 200 to 1, or more. This means that with an account balance of $250, you would be able to trade up to $50,000 worth of mini lots. This presents an excellent opportunity to make huge profits from very small changes in the Forex market. However, trading with such high leverage may not always be appropriate, though having the option available provides traders with an increased amount of flexibility with their Forex trading.

Trading with a mini FX account can be a great way for traders to develop disciplined, rational Forex trading strategies, while avoiding excessive focusing on profits and losses. Greed is one of your biggest enemies when it comes to trading any commodity on any market. When trading in a standard Forex account, some traders with relatively small account balances may tend to fixate on their equity and sometimes base trading decisions on emotional reactions to balance fluctuations. When you have less capital at stake with a FX mini account, however, you can develop a disciplined trading method and build up your confidence without the anxiety and distractions associated with larger equity fluctuations.

When you are ready to choose a mini Forex broker, be sure to do your homework and research a large number of brokers. Read feedback from other traders who have used the Forex brokers you are interested in. What commissions do they charge, and is your capital fully insured and secure with the broker in question.

An auto trade mini forex account uses the same trading platform as any other regular automated forex trading account. The only major difference is the account size, which is much small than a standard account. You can open up a mini forex trading account with as low as $50. Auto trade mini forex account can be a great option for you if you are a new investor in the forex trading market. Internet based auto trading has revolutionized and intensified the advantages of operating a mini forex account by many fold.

The steps you need to follow for opening an auto trade mini forex account are quite simple. First you have to select a brokerage firm that is offering their services to open an auto trade mini forex account. Fill in some personal details like your name, address, contact number, e-mail address, and the specific type of account you like to open. After filling in this online query form, you can directly open your mini account. Many agencies now accept $50 to open an auto trade forex mini account, but in an extremely volatile market as forex and because of high leverage, it is better to invest at least $2000.

There are quite a few advantages of an auto trade mini forex account. The mini accounts are perfectly suited for those who are new to the forex market. The mini accounts trade in smaller contract sizes, which gives the traders the opportunity to trade with less risk or exposure to the market. This smaller trade size also helps the trader to build confidence. As the trading is completely automated, you can experiment with the features of the trading platform and judge the efficiency of the system.

As the pip value on any mini account is just $1 per pip, you can develop a disciplined trading strategy while handling an auto mini forex account. Moreover, you learn to overcome your tendency of emotional trading, which, at times, leads to irrational trading decisions. You also learn to limit losses and decide your entry and exit points.

Auto trade mini forex account gives you more staying power in the market. This enables you to take advantages of multiple opportunities without over-leveraging your account. Most of the auto mini forex account provides user-friendly trading software. It has all the interactive and useful features of a standard rapid execution from live, streaming prices.

In some currency pairs like EUR/USD etc., a one-pip movement in the exchange rate is equal to a one dollar gain or loss in the account value per lot. Usually the auto

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