It is time to move on to create a real forex account. You used the
demo Forex account, you have your strategy and you trading in a
disciplined manner. You are also sure that you can finally start making
those first steps in the real world of forex trading. A few important
questions you might have are which type of account should I choose to
begin, with which broker and will I manage to make this work?
There
are several kinds of trading accounts to be considered and these vary
depending on the amount of money that the forex trader wishes to invest.
Aside from the regular account, traders with limited funds may choose
to open a mini account. For these accounts, most Forex brokers require
only a minimum deposit of $100 to $500. These are real forex accounts,
but you can trade in fractions of pips. A standard account will also
allow you to trade mini pips, but you are not limited only there. In all
cases, you should keep a comfortable margin in the account.
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