Forex Trading Account & Trade Equity Capital Management - Brokers with Minimum Deposit Forex Accounts

If you are a fx trader wanting to open a real account & you are doing some research online to find out 1 or 2 things before opening, then you have come to the right training site.

Opening a real account is much different than opening a practice demo account. First as a forex trader you do not have unlimited money, maybe you only have $1000 or $5,000 or $10,000 or you are rich and have $50,000 to open one & start with.

First thing you need to select is the leverage you'll be trading with, if you are good in trading currencies you as a trader can choose 100:1 leverage if not then choose 50:1 leverage if you have not practiced with a demo then choose 10:1 leverage. The other thing is that even though you select 100:1 leverage for your account: this does not mean that you will trade with all the 100:1 leverage, you will only use 5% of these leverage & only open trades with a maximum of 5:1 leverage. The remaining leverage will be used to maintain what is known as free margin; money required by a broker so as to maintain your open trades.

The other thing to know is what type of account you are going to open, depending on your capital you want to begin and start with:

If you have $1000 dollars or less

Open a micro account - with $1000 it is best to only transact with micro lots, forget what your broker tells you, anything bigger than micro lots will only increase your risks to levels which you don't have enough capital for - Minimum Deposit Forex Brokers Accounts - Brokers with Minimum Deposit Forex Accounts. If you want to keep your money & make profits with this micro account trade on micro lots.

If you have $50,000 dollars or more then you have got enough capital to open standard lots, and you as a trader can open a standard account. With $50,000 dollars then your trade capital is enough to trade the standard lots without much risk to your trade capital. However, ensure that you as a trader have read this article: money management and money management methods.

The other thing to know is that to open a real account you have to send to send to your broker a copy of Government Issued Identity card & a copy of utility bill showing your physical residential address. Some traders are surprised when asked for these documents, but all traders send them before opening their account, it is a requirement by all regulators that requires regulated brokers to get these docs before accepting a deposit from anyone. Also make sure you choose a regulated broker that way your money is safe.

Get More Tutorials & Topics:

Trade Forex Trading

Forex Trading Account & Trade Equity Capital Management - Brokers with Minimum Deposit Forex Accounts