what is the lowest leverage for mini forex account?
aishah a asked:
i plan to open a mini account with USD 800. i plan to gain 15 pips in a day but i don’t want to use a very high leverage due to its high risk. what is the lowest leverage offered in mini account? from which broker?
This entry was posted
on Thursday, March 26th, 2009 at 12:00 am and is filed under Investing.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
i plan to open a mini account with USD 800. i plan to gain 15 pips in a day but i don’t want to use a very high leverage due to its high risk. what is the lowest leverage offered in mini account? from which broker?
March 26th, 2009 at 6:33 pm
Basic leverage for a Mini forex trade is USD$10,000. This is the amount stated by IP Index and Gsi. You can find both on the web.
March 29th, 2009 at 1:25 am
The lowest leverage that you can use in any Forex account is 1:1, although I don’t know why anyone would do that. One of the main advantages of participating in the Forex marketplace is the ability to leverage your money.
There are other techniques to address risks associated with the Forex market without compromising the power of leverage. Drop me an email and I will send you some info that you might find useful.
Paul