Trading capital is not too big . With the micro account , anyone can enter the market with just $ 1 only . Although small , but you can open a position 1,000 units ( contract size) . 1,000 units of currency is equal to 1 contract on a micro account .
Pips are the smallest unit of currency movements is worth $ 0.10 . Either situation is bearish or bullish , the nominal spread remains unchanged , even when you lose because of different directions . A forex mini account is worth totap 10000 units ( contract size) with an investment of $ 1 . While standard accounts provide control over 100,000 units of currency and a pip here normally valued at $ 10.00 .
Forex is also one of the most liquid market so that you can conduct transactions at any time during the period of the market is still open . With the wide space of time , a trader can freely , withdraw money in the account , and can be accessed directly without commissions or waiting time . Many types of investments have to pay a commission or require a rather long period in withdrawal .
In forex with a small deposit , you can control your account worth 100 times greater than your capital . Because of the leverage provided by brokers 1:100 . With the leverage of that , your margins automatically , no longer tight .
The Forex market can be traded anytime and anywhere. As long as have access to a computer and the internet, you can certainly trade. An important thing to keep in mind before jumping into currency trading is the practice beforehand with a "money demo" or "fake money" on a demo account. You can download the trading platform forex broker and practice in real-time with real market data but with "virtual money". Although a demo account is not a guarantee of success, but the practice can make you better prepared when start trading with real money.
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
Happy reading.
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