Now it is time to get some hands-on experience with trading on a few different platforms. Not only will you better understand the nuances of trading, but you will also get acquainted with how the different platforms are laid-out, their functionality and exactly how to correctly place orders before you move on to live trading. Best of all, this is the time where you build confidence in your basic trading knowledge and choose which trading style you feel most comfortable using.
Mini Account
Once you are comfortable with demo trading, many traders prefer to enter the Forex
market with a Mini Account. Mini Accounts were initially designed for those who had
Less risk capital needed for standard accounts due to their lot sizes of only 10,000 units
instead of the typical 100,000. Recently though Mini Accounts have found favor with
larger traders as well as they offer better granularity of their positions for their trading
strategies.
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