A Mini Forex Account holder has the ability to enter positions that are one-tenth the size of the standard lot of 100,000 units. A one-pip change in a currency pair (based in U.S. dollars), is equal to $1 when trading a mini lot, compared to $10 for a standard-lot trade. Mini lots are usually available to trade when you open a mini account with a forex dealer. Especially if you are a beginner trader willing to gain experience in the forex markets, Forex Mini Trading is suited specifically to you. Since traders are not limited to trade one lot at a time only, these accounts are ideal for increasing exposure together with trading confidence. In fact you can simply trade 10 mini lots if you want to make an equivalent trade to 1 standard lot. Using mini lots instead of standard lots means to use a higher granularity and hence benefiting from a wider range for the customization of the trade, greater control and eventually lower risks. | |