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Should I open a mini account with more than $10,000?No. In most cases, we recommend that forex traders that want to start with less than less than $10,000 open a mini account. This will not only give a trader more flexibility in the implementation of different strategies (like the ones we teach in our free e-book), it will also give him more staying power in the currency market since he could take advantage of multiple contracts without over-leveraging his account. How about traders that want to trade currencies with $10,000 or more? If this is your situation , we recommend that you open a standard account and trade 100,000 lots instead (a mini contract is worth 10,000 instead). When you have $10K or more to trade, you can increase your potential trading larger 100K lots and still be able to use proper money management to limit your losses to acceptable levels. If you open an account with $50,000 or more, you can request our live FX training over the Internet. If you open a standard account with $5,000 or more, you can receive our trading e-book designed by our in-house trading team. Click here to open a mini FX account online.
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