Mini forex trading was created for new traders entering the forex market. The mini forex account is designed to be one tenth the size of the standard account and the pip value is just $1 per pip. The mini forex account is beneficial for new traders to improve their forex trading skills while being exposed to less financial risk on the market.
Success in the forex market and becoming a profitable trader depends on a lot of practice and experience. It is still essential to practice first with the demo trading software to enable you to get comfortable with the trading platform . Once you get an idea of what to expect in the forex market, it is wise that you should open a mini forex trading account. Now you are dealing with real money.

Although you might risk losing real money, mini forex trading accounts only requires a small investment of money. It can also give you a small amount of profit. The key to mini forex trading is to enhance your skills until you are ready to trade with the big traders.

To start a mini forex account, there are some characteristics you should know:

• Required minimum account deposit, this is known as margin (eg: $100 - $250)
• Recommended account deposit
• Traded in 10,000-unit currency lots
• A default margin
• Leverage up to 200:1

Mini forex trading has little disadvantages than a regular forex account. Of course it can only make small profits but the risk in regular trading is much larger. Because of only investing small sums of money, mini forex trading reduces the risk of your loss.

In mini forex trading, you can also use the same software used by regular forex traders, this can work in your advantage. It will be like trading like the big traders only you are just trading in small amounts. Therefore, it eliminates fear of losing. Mini forex trading can also acquire you the proper discipline a forex trader has to have.

Another great feature of starting a mini forex trading account is that there is no maximum trade volume. You are able to trade 10,000 units or even 200,000 units even if the standard size of a mini forex account is 10,000 units. This enables you to develop your skills, trading strategy and technique before slowly increasing the size of your trades

The mini forex trading account is ideal for beginners or novices that are just starting to enter the world of forex trading. Here, the risk is real and the money is real. Mini forex trading is an effective way to learn forex trading without the thought of losing too much money...

Welcome to our Forex Case Study on Happiness Is Better.

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I am being coached by Forex expert, Mindy Yost. She has been Forex trading for over 8 years and full time for 6 years. I will be detailing my progress through a monthly report. I opened a demo account and am currently trading under her guidance through Skype (wow, Skype is really handy!). Skype is essentially an internet-based phone/text communication service (VOIP).

To start off our training, Mindy had me read through a handy website, Baby Pips. If you’ve never heard of Forex before, it stands for the foreign exchange (currency) market. Forex trading is the buying or selling of a currency “pair” and the one that I am learning about is the Euro paired with the US Dollar and is called the EUR/USD. In the Forex world, there is a thing known as a pip. I had heard the term pip before, but I really didn’t understand what it meant. A pip is the increment by which a currency pair is measured for trading purposes. In the case of the EUR/USD, a pip is 1/100th of a cent and would be displayed as $0.0001. Baby Pips explains a pip as “if the EUR/USD moves from 1.2250 to 1.2251, that is ONE PIP. A pip is the last decimal place of a quotation. The Pip is how you measure your profit or loss.” The Pip VALUE however is a little different and is determined by the size of the trade you make. In Forex trading you cannot trade one EUR/USD at a time. Forex is traded in 100,000 units at a time in a standard account, and 10,000 at a time in a mini account. I am using a mini account so the pip value when I trade one mini lot is $1.00 ($0.0001 X 10,000). So, when I am in a trade, I will earn or lose $1.00 for each pip the market moves. If I were to trade multiple mini lots at a time, the pip value would be determined by multiplying $1.00 times the number of mini lots I made the trade for. Basically, the more pips the market moves in the direction of my trade the better! If the market moves against my trade, that can be a bad thing. But, as Mindy says, the market can only do two things - go up or go down, so if you are willing to wait it out, your trade will probably be profitable sooner or later (if you have enough money in your account to cover the loss before the market goes your way).

So what makes Forex trading so attractive? One major advantage Forex trading has over traditional stocks is leverage. Leverage means that when you make a Forex trade, you essentially only put down a small deposit for the trade. In most cases the Leverage Ratio is 200:1. So, when I do a one mini lot trade, instead of fronting $10,000 to make that trade, I only put up a $50 deposit to control the 10,000 units in the mini lot. Another new term to me is that of a “Margin Call”. In Forex trading, the Brokerage House will not let you lose more money that is in your account, so if your trade go so far negative, that you no longer have any more money to cover any additional loss on you trade, they will close your trade at the accrued loss. This means that you will have lost a lot of money and is a bad thing, but, unlike some other venues, at least they will not call you up and ask for even MORE money! Leverage is always a double edged sword, and can work for you or against you. One thing that Mindy has stressed to me is the importance of properly funding your account. The best way to protect yourself in Forex is to “over fund” your account and put way more money in it that what you expect to trade with and then make small trades. Also, remember these things: 1) do not open an account with money you can’t afford to lose, 1) do not open an account with “a little” money as a test-the-waters type of trial, and 3) don’t trade Forex unless you have nerves of steel. You can properly fund your account yet trade in small quantities to minimize risk while you are getting your feet wet. However, if you do not properly fund your account, you run into the possibility of having the broker perform a margin call and lose your money. Another attractive feature of Forex is that it’s a large market that can’t be altered or controlled by a few people. To give you an idea of the enormity of Forex, about $4 trillion is exchanged daily compared to $25 billion exchanged on the New York Stock Exchange. There are also no commissions charged by the brokers and you can trade basically 24 hours a day, 7 days a week.

If you are interested in Forex trading, it is advisable that you read through School of Pipsology on Baby Pips and if you want to contact Mindy for mentoring, let me know (happinessisbetter@gmail.com) and I will give you her email address.

It’ll be at least a month or two before I start trading with real money, but in the mean time I’ll be showing you the results of my demo account.

Even at the simplest indicators it is possible to build a profitable system. This example has 2 movings with periods of 21 and 70. After the breakdown one of movings by the price standby begins. If prices turned, without having reach the 2nd (older) moving, the entrance is carried out at crossing (or a little earlier), MA (21). Stop-loss is places below a recent bottom (peak). The system has drawbacks - one of them is the false signal at the trend end. However, incomparable advantage is that it always follows trend, contrary to the wishes of inexperienced players to play against him.
One of the easiest ways to play with a trend. On the graph MACD 12/26 with a signal line 7 is used. The entrance is carried out: For Sale — at movement MACD from a maximum downwards, at care of MACD below a signal line.

Pose closing occurs at MACD the crossing signal line upwards. At achievement of low bottom by MACD, with the closure of the next “Short” a long (turn) opens and now pose will close at crossing MACD signal from the top to down, and will open at crossing from below upwards. And again, until formation of top by MACD… Stop is at a price slightly above recent high (low). The system works well in bright trend on 4-hour or daily, but majority advises to abandon MACD on Flat. Nevertheless, it is possible to play for MACD in range also. To do this you need a 15-30 min interval, and slightly other parameters of signal linesand MACD. I suggest you to play with coefficients and see what will be after. This tool has several hidden features starting from the divergence method finishing to usage of ostsilators over the MACD itself. Everything depends on the willingness of the trader to find his own weapon…

Find out how you can make money with a good Forex trading software to generate you massive income in the Forex market.

Forex Trading Software
FOR IMMEDIATE RELEASE

PRLog (Press Release) – Jul 28, 2009 – How many times have you undergone heavy currency trading losses while you were in bed? Or how many times did you genuinely feel that you could have beaten the game only if you could have comprehended the chart signals earlier? Of course, Forex trading has proved to be a magnificent online money-making business, but the key lies in utilizing the correct tools for hitting the right deal at the right time.
How to find the best automated forex software can be hard to do. With so many out there you find yourself asking this question over and over. All you know is that you want a program that help to make better trades so you can benefit from it.

How to find the best automated forex software can be hard to do. With so many out there you find yourself asking this question over and over. All you know is that you want a program that help to make better trades so you can profit from them. You may have bought a program recently that didn't live up the hype o the price since some of these auto programs can be quite expensive. But not to worry there are some out there that fulfill on the promises. Now I will show you what to look at when purchasing one.

Tips to look out for when buying an Automated Forex Software
The interface of the program: Look for the easy to use ones. The more complicated the harder it is to operate and if you have trouble operating the program than the potential of losing money is higher. Like the motto goes "Keep it simple"

Instructions: Now that that your looking for a simple program, you need to make sure there is a manual or better yet a video demo showing all the features and options for the product. It may be easy but to use it properly you still need help with it. The more you know about the product you're using the smoother things will work.

Refund policy: Last but certainly not least the refund policy. Refund policy is crucial to have one. Look for the refund policy about 30 to 60 days. Try it out and if it works than great but if not simply get your money back.

Essentially, the job of the software is to comprehend complex data, like mathematical algorithms, and also to analyze the present market data throughput the day. With volatility of Forex trading, the software is designed also to look after the past data, and point out solution for the present market situation.

This week I have been reviewing a new Social Networking Website targeted towards Forex traders and investors.

Social networks on the internet are often linked with sites such as MySpace, but networking is a time honored business tradition and social networking online is just a fancy way of saying online networking utilizing new internet tools of communication.
This site, is located at FXGround.com, and it is setting out to fulfill a very useful networking niche in Forex trading. Foreign Currency Exchange trading can be a complicated business. It gets more complex as you attempt to understand the tools available in different foreign jurisdictions and markets.

This Forex Site is setup to serve the function of allowing the professional traders, brokers, and firms the ability to review the available products, services, firms, brokers, theories, tools and investment strategies.

This enables people to get a group perspective in reference to all of these items. On the site I've seen it help people identify which services are good or not so good and in the world of Forex where things are not necessarily binary, they can more importantly ellaborate on the situations when a given strategy or trader might be best employed to achieve the desired results.

That is the important thing about this tool. It's very easy to find someone online that will tell you yes or no or promote a product or not promote products. Social networks are extremely useful because you can find people that will tell you yes or no and maybe then they will often elaborate to support their position. That position may get amplified or buried if they provide you good advice or bad advice. The other members of the form will often jump in and either attack bad advice or support good advice.

In addition to networking, social networking forms essentially allow people to network ideas and concepts and knowledge.

Better strategy to win the forex trading game is picking a forex trading system and sticking to it. Try to follow the guide lines and look for long term trends in the currency market. A perfect trader in forex is one who can understand these factors and feel the pulse of the market before striking gold.

Forex stand for Foreign Exchange Market (FX) which is always marked for its geographical dispersion. Currencies from all over the world are bought and sold for profit in the forex market. Investors are the real players in forex trading. Forex market welcomes the investors of all income size and any background. If you are thinking to make profit in the forex market you should have a sound knowledge of the currency market.

To start your global Forex trading you need to open a Forex account first. Just fill in the application form and sign the margin agreement which let’s the broker intervene at any time. Here are some tips one must know before dealing with the forex trading or forex exchange
Know about the currencies that you want to trade with. Try to get the details about the country whose currency you’re trading in the forex market. The more you know about the country more profit you can make, currency you are trading with. With the knowledge of the country you can better understands the strategies of the market and will be able to predict the movement of the money.

Whenever I mention Forex trading to someone, the first question I’m usually asked is, “What the heck is Forex trading?” Well, I’m prepared to answer that question right from the beginning: Forex trading--also known as the foreign exchange market or FX--involves the buying of one nation’s currency and the selling of another nation’s currency. These units of currency are always expressed in pairs, such as EUR/USD for the Euro and the US Dollar. The currency being purchased will be listed first, while the currency being sold is listed second.

Forex trading usually revolves around the world’s major currencies, with more than 80 percent of the market devoted to the Australian Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), Euro (EUR), Japanese Yen (JPY), Swiss Franc (CHF) and the US Dollar (USD). Trading takes place 24 hours a day, as one session begins when another one ends. Major trading centers are located in London (the largest), Tokyo, New York, Singapore and Hong Kong, although others do exist. Trading is closed on the weekends.

While the average person can participate in Forex trading, the majority of the moves are made by major players such as governments, corporations, and investment banking institutions. Leading currency traders include: Deutsche Bank, Barclays Capital, UBS AG, Royal Bank of Scotland, Citi, Morgan Stanley, Goldman Sachs, HSBC, and Lehman Brothers. There’s a lot of money to be made, and the daily turnover is over $3 trillion (with a 41% increase between 2007 and 2008, alone).

Many savvy investors find Forex trading preferable to that of the traditional stock market. The usual reasons given are twofold:

1.Simplicity - Okay, Forex trading isn’t exactly simple, but there are a lot fewer commodities to keep track of. If you combine the New York Stock Exchange and the NASDAQ, there are over 8,000 stocks to monitor and analyze. With the foreign exchange market, there are only four major currencies and thirty-four second tier currencies. 38 is a lot more manageable of a number than 8,000.
2.Stability - As you probably know, the traditional stock markets are prone to wild swings due to fluctuating interest rates and the general Bear/Bull mentality; this isn’t the case with Forex trading. If one currency isn’t performing up to expectations, the trader can always look to make a profit with another one.