The minimum amount
that is required to open a FXTSP Mini
Forex trading account is $300.
Of course, due to the high leverage and
the extremely volatile nature of the Forex
market, the recommended minimum investment
size is $2,000.
Trade
Size
On
the FXTSP Mini trading platform all trades
are executed in standard sizes of 10,000
base currency per one lot. There is no maximum
trading volume on the FXTSP Mini trading
platform.
*The FXTSP Mini trading account uses the
same state-of-the-art trading platform as
the regular trading account. There is no
additional software to download.
Pip/Tick
Value
Profit and loss
is easy to calculate when trading on the
FXTSP Mini Forex trading
platform. In the EUR/USD and many other
currency pairs, a one pip (or tick) movement
in the exchange rate is equal to a one-dollar
gain or loss in the account value per lot
(and approximately $1 in the 16 other currency
pairs).
Margin
Requirement
There
is NO MAXIMUM trade volume on the FXTSP
Mini Forex Trading account.
Although the standard trade size is 10,000
units – you are not limited to trading
one lot! For instance, you can trade 10,000
units, 50,000 units or 150,000 units.
This means as you become more seasoned
and build up confidence you can slowly
increase the size of your positions to
maximize profits (and losses). In fact
the trade size of 10,000 units allows
for more flexibility in terms of customizing
the size of your trade. The ability to
customize the size of the trade enables
better risk management.
Guaranteed
Limited Risk
There
is also an important safety feature imbedded
in this system that prevents clients from
losing more money than they have in the
account. Should the account equity -- meaning the total floating value of the account -- fall below the margin requirement of approximately 1/2% per lot, the dealing desk will close some or all positions.
