What is the minimum Deposit Forex?

 

Convenience minimum Deposit Forex is that we can invest a small amount to start trading the minimum allowed lot size (say, 0.01 on cent account). And this is enough to verify the quality of the trade broker, without worrying about losing money.

Today we will talk about the minimum Deposit Forex and whether the trader to use it at all.

Leverage and cent accounts

As you know, almost all brokers today allow you to open a cent account. The lot is smaller than 100 times. Given the availability of leverage (the most popular of 1:100 and 1:200), this opens up a huge opportunity for the trader.

Judge for yourself: by investing only a couple of tens of dollars, you can speculate on the world market as if you have 10,000 times and more money. Yes, you can still lose money if you trade recklessly, but if you have the experience, the lever provided to you at times will accelerate profit (and extend it). For example, on the US stock market leverage standard is equal to the ratio of 1:2 or 1:3. The proportion of 1:10 is considered very risky.

The advantages and disadvantages of minimum Deposit Forex

The benefits minimum Deposit Forex include:

? the opportunity to start trading with any minimum amount.
? the opportunity to test the broker - comfort trade, conform to the trading requirements, etc.

Let us give you advice. Despite the fact that many brokers in advertising, they say they have you can trade on very favorable terms and with a minimum Deposit Forex, still not worth it to listen to advertising. Better check the broker to verify its reliability and solvency, and then to Deposit and start trading on a decent amount, if you will, of course, have a profitable trading strategy. Otherwise you'll just be stuck on the fine Deposit of 10-20$, earning 2-3 cents on each transaction or even less.

In addition, a larger Deposit will allow you to feel more confident. After all, if you had a few losing trades in a row, but on balance it is almost not there, you can safely continue to trade, in keeping with the strategy. The reverse side of the coin is that there is a temptation to open up a lot more, that is fraught with consequences. But this is a question your discipline and money management.

The disadvantages of the minimum Deposit Forex include:

? low profit.
? the possibility of loss of Deposit if the number of failed transactions.
? the ability to trade exclusively with minimal lot.

As you can see, the double-edged sword. To start, newbie, non-capital - Yes, it is possible to use the minimum Deposit Forex. But it is better to quickly move to a new level, trading on cent accounts with a decent Deposit - from$ 500 and up. Again, only if you have good results on the demo account within 1-2 months. Otherwise you risk to lose your money.

Choosing a broker with a minimum Deposit Forex

Here the answer is obvious - use those brokers (brokers)who have already proved themselves as reliable and paying. I advise you to look attentively at the trading conditions Forex4you, Alpari and InstaForex, especially Forex. The advantages of this broker should be attributed to the presence of cent accounts, including those without swaps, greater leverage from 1:10 to 1:500) and you can choose type of cent accounts (Dealing Desk or Non-Dealing Desk).

There are traders that do not use stop loss. That is, the open position is charged to profit or her accumulated loss. No swaps will allow the trader to reduce losses over long distances. Or you just long-term trader, and your transactions are hanging open for weeks or months. Then you too will be useful no swap account.

We wish you profitable trading at a decent Deposit!