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Mini Forex Account
The obvious unique features of Forex trading are its real benefits. Investors find Forex esp. attractive just due to the features the other financial markets don't have, such as:
- Leverage is up to 200:1. With big buying power, you can increase the return on your deposit with minimum expenses. For example, with $1000 deposit and with margin 200:1 (0.5%), you can manage 200,000 nominal units. However, when you trade with margin, you could increase not only your profit but also losses.
- You can trade by your own schedule, responding to the market changes instantly. Forex is the real around the clock market, open from 5:00 p.m., Sunday (USA local time) to 4:30 p.m., Friday. Dividing the Forex trading sessions into three part (European, North American and Asian), you can trade by your schedule and react instantly to the sensational news.
- With $3.2 billions of daily trading volume, Forex market is the biggest and the most liquid market in the world. The trading volume stimulates the prices to get stronger and less slipping. Moreover, up to 90% of all trading operations take place between seven currency pairs. As a result, these currencies are under the "soft" trends and the tightest spreads and their liquidity level is highest.
An example of money making on Forex market:
Waiting for euro growth, you buy 10,000 currency units in the middle of August at the price of $1.3500 for one euro. In the end of November, you can sell euro at the price of $1.4800 for one euro. In summer 10,000 euro is $13,500 and in autumn is already $14,800 i.e. you get $1300 of net profit.
At that, you must only have $100 and use your broker's financial abilities to buy 10,000 euro and make $1300.
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