How to Start Forex with Nano Forex Trading Account - Forex Nano Account Opening

There are many different types of forex accounts available to anyone who wants to invest in currency market. Forex market is a highly leveraged trading market for speculating on currency valuations. Traders can purchase large amounts of currency units using little capital. However, trading on leverage is very risky and there are different types of forex accounts available to help investors better manage their risk.

It is therefore important that the trader consider what they want to get out of their forex account, before deciding on the forex account type to open.

Nano Forex Trading Account

Forex Nano account use lot sizes of only 100 currency units. These forex accounts are often appropriate for a beginner forex trader. The risks for this trade size are low & these accounts can sometimes be opened with only a $10 minimum balance.

A Forex Nano account is generally used by new forex traders who wish to experience a live forex trading environment without risking a big amount of money. Nano forex trading accounts allow the trader to trade in Nano lots. What is Forex Nano Lot - 1 Nano lot is one- tenth of a mini lot and one-hundredth of a standard lot.

If an exchange rate for EURUSD is quoted at 1.400, then the smallest forex trade transaction available in a Nano forex account is worth $140 of currency to buy 100 EUR. Nano forex accounts are generally best suited for account balances which are between $100 & $1,000.

Pip Value of Forex Nano Lot - Nano account 1 pip = $0.01

How to Start Forex Trading with Nano Account - Forex Trading Nano Account Opening