Can I Start Forex Trading with $10 for Nano Account? - How to Open Account with $10
For new traders wanting to start forex trading with $10, the forex Nano account option provides them with best account type option - Open Account with $10 dollars - Open Real Account with $10 dollars.
The Nano account is a account type where the traders execute trades using Nano lots, Nano lots are equal to 100 Units of base currency. This Nano lots are a fraction of the Micro lots. Traders trading using the Nano Account can make a small deposit for example $10 deposit & use leverage provided by forex Nano account to trade the forex Nano lots.
For example, with the leverage ratio of 100:1, one can borrow $100 from their broker for every $1 dollar in their account - meaning if they have $10 in their account - they can borrow $10*100:1 leverage = $1,000 after leverage. Traders then can use this $1,000 in their margin trading account to open and trade forex Nano lots.
To know more about leverage & margin account - Read the following forex lessons:
