Forex Articles Who Should Trade a Mini Forex Trading Account? Institutional Forex System. If You Insist On Trading Forex, I Will Show You 3 Trades That Will Make You 10-30% Every Month With 93. 3% Accuracy. A mini forex trading account is designed for those who are new to forex trading or when the trading account balance is less then $10.000. Mini forex account key points - Only $250-$300 to open - Up to 200:1 trade leverage - 1 pip = $1 for EUR/USD and GBP/USD - Smaller trade size Mini forex account advantages Build up confidence starting small A trader can trade a mini forex account using 1 mini lot and building up lot size slowly when he makes profits in his account. A general rule is to trade ONLY 1 mini lot for every $1000 a trader has in account. For example, if an account is worth $5000, trader can take up to 5 mini lots. Develop a forex trading strategy Because on a mini forex account, pip value is $1 = 1 pip, trader can pay more attention on building a solid trading strategy without focusing on floating profit & Loss (P/L). Most traders with a small account balance trading on a standard account will tend to base trading decisions on profit &Loss and not on their trading strategy, they are emotionally too involved. Their account balance fluctuations are so important that they even can't think developing a proper trading strategy. Their account size is too small for the lot size they take and every small pip loss can lead to a painful loss in their trading account. Forex Strategy Live Video Course DIVX Forex DVD Course in Day Trading strategy development. Bar by bar streaming charting video of trade strategy examples. Such traders will tend to take profits (too) soon and cut losses too late because they always hope the trade will make a reverse and come back. Consider the following example: A trader has a $2000 trading Account. When trading a forex standard account, a 37 pip loss will result in a $370 loss in his trading account or 18.5% of his account balance. When taking the same trade on a forex mini account, a 37 pip loss will result in a $37 loss in his trading account or 1.85 % of his account balance. Conclusion By starting with a Mini account- a trader loses only a small amount on every losing transaction making it easier to stick to a disciplined trading strategy, in the long rum, this will lead to much better trading results. Toby Smitz - Daily Operations Mini Forex Trading