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Follow on Google News | ![]() Forex Micro Account MT4 - Tips For Successful Forex Trading on a MT4 Forex Platform Using FAP TurboAlways use the proper lot size when trading. Don't use lot sizes too large for your account.
By: Forex Expert Always use the proper lot size when trading. Don't use lot sizes too large for your account. This is because even a reasonably small draw down can wipe out your account. ONLY trade with 5% of your margin e.g. if you have a mini account of $1000, 5% will be $50 which you can use to trade one mini lot. By doing so you are ensuring that as a trader, you are not over-leveraged which can cost you dearly or under-leveraged where the profit margin is always tiny. REMEMBER to always use 5% of your margin when trading and don't be too greedy or else you will pay a heavy price. Start small and build up. A wise trader also needs to know which accounts will suite him/her because this will depend on the type of trades you will enter. Get your Forex Micro Account MT4 @ http://funeasyforex2.blogspot.com and be Successful forever! If you have an account which is anything under $9999.99, it is always prudent to trade mini lots at $1 per pip. Anything under $1000 is still a mini account but it is advisable to trade micro lots at 10 cents per pip. A standard account is anything over $10000 and such an account can trade standard lots at $10 a pip. Summary When trading always remember to: Use proper lot sizes. Don't be too greedy ONLY trade with 5% of your margin, it is a safer bet Trade in micro lots for accounts under $1000, mini lots for accounts under $10000 and standard lots for accounts over $10000(standard account). REMEMBER: Anything under $10000 is a mini account and anything over $10000 is a standard account. Get your Forex Micro Account MT4 @ http://funeasyforex2.blogspot.com and be Successful forever! # # # Always dream of being Rich? Never able to make a Consistent Profit through trading? Get your Forex Micro Account MT4 @ http://funeasyforex2.blogspot.com and be Successful forever! End
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