Trade Forex Trading

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

If you are an fx investor wanting to create a live account, and you're doing online searches to learn a few things first, then this is the perfect training website.

Establishing a live account differs considerably from setting up a practice demo account. Primarily, a forex trader doesn't possess infinite capital: perhaps you have $1000, $5,000, $10,000, or a larger sum like $50,000 available to initiate trading.

First thing you need to select is the leverage you'll be trading with, if you are good in trading currencies you 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.

You should also know what kind of account to create based on the amount of money you want to start with.

If you as trader have $1000 dollars or less

When starting with $1000, it's best to only use very small amounts for each trade: ignore what your broker says. Using more than that will make your risks too high for the money you have. These are brokers that let you start with very little money. To keep your money and make profits, only trade with these small amounts.

If you have $50,000 or more, you have enough money to trade standard lots. You can open a standard account too. That sum lets you handle standard lots with little risk to your funds. Still, read the article on money management and its methods as a trader.

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:

Forex Broker