Forex Micro Account Metatrader - Opening MetaTrader Account to Earn Money

Nov. 14, 2010 - PRLog -- Forex Micro Account Metatrader

There are some important issues to consider before opening a MetaTrader account. First of all, do not open any accounts with unrealistic practice money. You may have the practice money up to $5 million for you certainly need to be true to yourself. No doubt it is fun to see huge figures in the trading account but it might not return realistically during the live trading account. The amount you wish to deposit may not available in the drop down list like other trading software, so you will need to key in manually the amount of the money.

Besides, you need to be aware of the accurate account leverage level. If you are a beginner in the forex trading field you may have no idea about how to select the suitable account leverage level. Basically it is quite simple. The MetaTrader account or margin leverage is the ratio of money you can control and leverage. The higher the level of your account leverage, the greater amount of money you can control but this also indicates higher risk if you practice aggressive trading. The common account leverage is between 1:100 and 1:200 while other forex brokers may offer up to 1:500. If you are a novice or if you are handling your account manually, the best leverage level is 1:100. Get your Forex Micro Account Metatrader @ http://funeasyforex2.blogspot.com and be Successful forever!

When creating the account you should select the same account type for both the live and forex account. Various brokers gave different names to their accounts thus you need to review the differences in their respective websites. Some brokers offer standard account where they set higher minimum deposit while some offer mini account that allow mini lot of trading. If you are opening a live account with deposit lesser than US$10,000, it is better to choose the MetaTrader account that allows micro lot trading. You can test the lot sizes by opening different types of accounts then placing orders using minimal lot size.

You should also trade your practice money similar to real money. If you have a forex account for demo, you can learn and practice money management to improve your trading skills. It is better to burn your money during the practice than during real trading. Get your Forex Micro Account Metatrader @ http://funeasyforex2.blogspot.com and be Successful forever!

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