Can I Start Forex with $1,000 for Standard Account? - How to Open Forex Account with $1000
For beginner traders wanting to begin forex trading with $1,000, the forex Standard account provides them with best account type option - Open Forex Account with $1000 - Open Live Forex Account with $1000.
The Standard forex account is a account type where the traders execute trades using Standard lots, the Standard lots are equal to 100,000 units of base currency. This Standard lots are a fraction of standard forex lots. Traders trading using the Standard Account can make a small deposit for example $1000 dollars deposit and use forex trading leverage provided by forex trading Standard account to trade the forex Standard 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 $1000 in their account - they can borrow $1000*100:1 leverage = $100,000 dollars after leverage. Traders then can use this $100,000 dollars in their margin forex trading account to open and trade forex Standard lots.
To learn more about trading leverage & margin account - Study the following forex lessons:
