Can I Start Forex with $5000 for Standard Account? - How to Open Forex Account with $5000
For forex traders wanting to begin forex trading with $5000 dollars, the Standard account option provides them with best account type option - Open Forex Account with $5000 - Open Live Forex Account with $5000.
The Standard 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 lots. Traders trading using the Standard Account can make a small deposit for example $5000 dollars deposit and use forex trading leverage provided by Standard account to trade the Standard lots.
For example, with the leverage ratio of 100:1, one can borrow $100 from their forex broker for every $1 dollar in their account - meaning if they have $5000 in their forex account - they can borrow $5000*100:1 leverage = $500,000 dollars after forex leverage. Traders then can use this $500,000 dollars in their margin forex trading account to open and trade forex Standard lots.
To know more about trading leverage & forex margin account - Read the following forex lessons:
