Monday, May 19, 2025
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

What is a Forex Micro Account?

Clarissa by Clarissa
6 years ago
in Broker News, Forex & Market

In trading, while there are those who can comfortably come up with a $10,000 or more trading capital, there are those who can only allocate small amounts for trading. 

Forex trading was once only for banks, big companies, and wealthy investors. But the deregulation of the Forex market has opened doors for individual and small time investors to participate, creating a fair atmosphere in the market. Because of this, the daily Forex market turnover has ballooned to over $5 trillion over the years.

To accommodate everyone, no matter the size of their pockets, brokers offer different types of Forex accounts. These accounts are varied in terms of funding requirements, usage, and specifications. 

We have previously discussed the different trading accounts offered by brokers (see Forex Trading Accounts: Which One Is For You?), but in this article, our discussion will focus on a Forex account that is widely used by beginner traders – Forex micro account. 

RelatedArticle

Price Action Trading Strategies Candlestick Patterns

How Geopolitical Events Impact Forex Markets

Dominate Your Business with AI

Impact Economic Data in Forex Trading

Understanding Micro Account

A Forex micro account serves traders who don’t want to risk a lot of money. Forex micro lots are equivalent to 1,000 units of the base currency. Although beginners mostly use this type of account, more skilled traders also use a micro account to try new brokers or test out trading strategies in a real market settings. 

The most obvious advantage of trading with a micro account is that it allows you to practice and gain live trading experience without the risk of losing large sums of money, while also learning the basics of risk management. This will be a good training ground before moving on to larger trades.

Most brokers provide micro accounts with a minimum deposit requirement as low as $50. You can expand this trading capital with the use of leverage to amplify your potential gains. But keep in mind that your potential losses can also be amplified.

Clarissa

Clarissa

Related Posts

Price Action Trading Strategies Candlestick Patterns

Winning Strategies, price action trading strategies, chart pattern recognition, isk management techniques in forex trading. Mastering forex trading. Introducing Broker Forex Program. A businessperson in a suit holding a glowing blue sphere with the words 'FOREX TRADING' displayed prominently in the center. The background features various financial charts and data screens, symbolizing the digital and analytical nature of forex trading.
by oney
October 29, 2024

Price action strategies offer a streamlined and effective approach to analyzing market movements in the realm of trading. By focusing...

Read more

How Geopolitical Events Impact Forex Markets

Forex Introducing Partner, local forex broker, building confidence as a forex trader
by oney
October 17, 2024

Geopolitical Events and Their Influence on Forex Markets Introduction Geopolitical events have a profound impact on the forex markets, influencing...

Read more

Dominate Your Business with AI

AI and Machine learning in trading. Illustration of a business professional shaking hands with a robot. The robot is emerging from a large smartphone screen. Surrounding the smartphone are various technological and financial icons, including a light bulb, blockchain symbols, a microchip, graphs, and currency symbols, representing the integration of artificial intelligence in business. The background is a light blue color. That simbolyse about AI impact on business efficiency.
by oney
October 14, 2024

Advancements in AI technology open up significant opportunities for various industries. However, with the multitude of options and the complexity...

Read more

Impact Economic Data in Forex Trading

resilient investment portfolio amid economic uncertainty, impact economic data in forex trading
by oney
October 9, 2024

Introduction Impact economic data plays a pivotal role in forex trading, influencing currency exchange rates significantly. Traders closely monitor economic...

Read more
Load More
Next Post

Saudi Attack Won't Affect Oil Supply - Indonesian Oil Ministry

Trending Issues

  • start-up

    5 Facts in the Story of a Start-Up KDrama (Part 1)

    0 shares
    Share 0 Tweet 0
  • 5 Advantages of Commodity Trading that You Need to Know

    0 shares
    Share 0 Tweet 0
  • 3 Most Successful Forex Traders

    0 shares
    Share 0 Tweet 0
  • Quick Broker Review: XM Broker

    0 shares
    Share 0 Tweet 0
  • “Start Up” Han Ji Pyeong as an Angel Investor, Fact or Fiction?

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In