Micro Forex Account - Can I Start Forex with $10? - Start Forex Trading with $10
Micro Forex Accounts use contract sizes of only 1,000 currency units. These Micro Forex Accounts are often appropriate for traders without a lot of capital and can sometimes be opened with only a $10 minimum balance - this account would be suited for those wanting to start forex trading with $10.
This option allows forex traders to start forex trading with $10 because the trader to open trades in micro lots. 1 micro is one - tenth of a mini and one-hundredth of a standard forex contract.
If an exchange rate for AUDUSD is quoted at 0.9500, then smallest trade available in a micro forex account is worth $950 used to buy 1,000 AUD. With forex trading leverage of 100:1, this is only $9.5 of your money.
For Micro - Minimum Price Movement of 1 pip = $0.1
