If you are new in the Forex business and don't want to risk a lot of money, then you probably need a so called Forex mini account. Opening a mini-account at Maps IG is the next logical step after practicing in a demo-environment. With smaller trade sizes (1/10th the size of a standard transaction), high leverage (1:100), and a minimum deposit amount of just $100, a trader can start trading instantly. Mini-accounts allow traders to add the psychological component of trading in a live environment, test their trading strategies without risking large amounts of capital, and gain the ability to capitalize on trading opportunities. With these features you can use a good money management with a small capital.
The advantage of a mini account at Maps IG :
- Minimum deposit amount: $100
- Contract size: 10,000
- No commissions
- Guaranteed Stop Loss
- Round-the-clock trading
- Leverage: from 1:200
- 25 currency pairs dealing
- Gold (Spot) and Silver (Spot)
- Mobile trading
Ask any successful trader and they will tell you that the key to trading success is discipline. Everyone has heard the expression “cut your losses and let your profits run” yet how many traders actually practice this? Many traders will hold on to losses hoping it will turn around eventually, only to see the loss get increasingly larger. These trading decisions are based on emotional reactions, due to unpredictable profits and losses, a common pitfall for new traders. Maps IG team will respond to all traders for any question needed, in-order to conquer any obstacles in their ways, so as to lead them into becoming a successful trader.
To open Mini Forex account with Maps IG simply click here