Mini Dealing Details

Why Trade a Mini?
The Mini account was designed for those who are new to the FX market. The Mini account trades in smaller contract sizes of 10,000 units, 1/10th the size of the standard account.

Develop a Disciplined Trading Strategy
Ask any successful trader and they will tell you that the key to trading success is discipline. Everyone has heard the expression “cut your losses and let your profits run” yet how many traders actually practice this?

Many traders will hold on to losses hoping it will reverse eventually, only to see the loss get progressively larger. These “irrational” trading decisions are based on emotional reactions to fluctuating profits and losses, a common pitfall for new traders.

Losses can AND WILL occur. A trader's ability to limit his losses is just as important (or even more important) than determining entry points.

Many traders trade mini to develop disciplined trading strategies, basing decision on pip movement and market conditions.

Start Small - Build Up Confidence
There is NO MAXIMUM trade volume on the Mini account. Although the standard trade size is 10,000 units – you are not limited to trading one lot! For instance, you can trade 10,000 units, 50,000 units or 150,000 units. This means as you become more seasoned and build up confidence you can slowly increase the size of your positions. In fact the trade size of 10,000 units allows for more flexibility in terms of customizing the size of your trade. The ability to customize the size of the trade enables better risk management.

Ideal for Accounts under $10,000
It is recommended that all traders with account balances less than $10,000 trade a Mini account. This gives you more staying power in the market, and the ability to take advantage of multiple opportunities without over-leveraging your account. If you over-leverage your account you will not give yourself room for error. Even if you are correct on the direction of the market, minor fluctuations can generate a margin call and liquidate a good position.

Take a Mini Challenge!
Due to the over-the-counter nature of the FX market, execution varies depending upon the firm you trade with. The market maker has the reputation of providing high qualities of execution and service in the FX industry. When you trade FX online you receive:

• An intuitive and user-friendly trading software

• Rapid execution from live, streaming prices

New accounts can be up and running in as little as one business day (subject to method of funding). Convenient Funding options are:

• Online check

• Credit & Debit Card ($10,000 max per month)

• Bank Wire (USD, EUR, GBP, JPY and AUD only)

• Paper Check

***Leverage without proper risk management, this high degree of leverage can lead to large losses as well as gains.