Why
Trade a Mini Forex Account?
The
PFG Mini forex account is designed for
those new to online currency trading
and those with limited investment
capital. There is a smaller deposit
required to open a PFG Mini
forex account and trading sizes are 1/5th
the size of a regular account. The
smaller trade size greatly reduces the
risk associated with currency trading.
Although the PFG Mini forex trading account
provides as much leverage as a regular
account, clients have the opportunity
to take smaller size positions, taking
on less total risk. The PFG Mini
forex trading account is intended to introduce traders to
the excitement of currency trading
while minimizing risk.
Click here and open
a mini Forex account now
More
Staying Power in the Market
In
our experience, traders with accounts
under $5000 are more successful
trading a Mini forex trading account. Trading
currencies during times of heavy
market volatility can be very risky if
you are overexposed. Many traders have
too small an account balance to last
out even a small market movement
against them or to make trading
mistakes. Because of the reduced
margin requirement associated with the
Mini forex trading account, traders are less likely
to experience early margin calls. The
approximate pip value on a regular PFG account is $10 per pip
and the mini is $2.
Start with a Small Account and Develop
a Disciplined Trading Strategy with
Less Risk of Principal
The
Mini forex trading account can be a useful asset in
assisting traders to cultivate a
disciplined trading strategy without
focusing on P/L. When trading larger
volumes on the standard account,
traders with smaller account balances
tend to watch their equity fluctuate
and base trading decisions on
emotional reactions to these
fluctuations. For example, such
traders tend to resist closing-out
trades at a loss, using the rationale
that the market will turn around.
Undercapitalized traders also tend to
immediately take their profits when
the market is moving in their
direction, rather than maximizing
their gains by letting their profits
run.
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