Often we encounter several brokers that offer on a real account. Of the broker is there on accounts with a variety of levels. There is a micro mini level, level, and standard levels. Type-type of the account allows traders choose the appropriate criteria to be appointed and the ability to trade him. Here we will examine how merchants can choose the type of account based on compatibility, and what are the advantages of each level on the account.
Standard Account
Is
the most common account, where you have access to many types of
currency pair, each worth $ 100.000. This does not mean that you have to
deposit $ 100,000 capital when you first open an account. According to
the rules of the margin and leverage (usually 100:1 in forex), it only
takes $ 1.000 in margin accounts to one standard lot that will be
traded.
Mini Account
A mini account allows traders to make transactions using the mini lot. In most brokers, mini lot is equal to $ 10.000, or one-tenth of the standard account. Most of the brokers that offer standard accounts will also offer mini accounts as a way to get new clients, who are hesitant to trade with a lot of standard because of the magnitudes of the margin they need to be deposited.
Micro Account
While on a micro account of just wearing one-tenth of a mini account. This means that traders can wear micro account to practice live trading. The size of the lowest trading on this account starting from 0.01 lots, while the recommended minimum capital normally above $ 200.
Here is a sample conversion and units:
1 lot = 100.000 units (1 Pip = $ 10)
1 mini lot = 10.000 units (1 Pip = S1)
1 micro lot = 1.000 units (1 Pip = 0.1 $)
Example when you open position buy EUR/USD at 1.7400, who later rose to 1.7425, or as many as 25 Points:
1 lot = US $ 10x25 Pip = US $ 250
1 mini lot = US $ 1x25 Pip = US $ 25
I micro lot = US $ 0.1 x 25 Pip = US $ 2.5
Now you already know how the capacity of the Fund and the transactions at each level of the account. When you are already proficient and have large capital, standard account is the right choice for you. But when the capital had only mediocre, opt for micro and mini accounts are the answer.
Our message is that you have to learn the types of accounts and how to trade in advance with steady, before entering into live trading. Do not use all your money if it is not ready to accept a number of disadvantages. Bertradinglah wisely, professional and don't be greedy.
Difference of Micro, Mini And Standard Account
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Oleh
Renvin Nelwan
