Charles Zachary D Anderson#12

Xem bản dịch

What are micro, mini, and standard accounts in forex?

Forex accounts are categorized by lot sizes, which define trade volume. A standard account trades in standard lots of 100,000 units of the base currency, where one pip typically equals $10 in value. A mini account uses 10,000-unit lots, making one pip worth about $1, while a micro account uses 1,000-unit lots, where one pip equals $0.10. Micro and mini accounts are designed for beginners or traders with smaller capital, allowing them to control risk and gain experience without large losses. Standard accounts suit experienced traders who manage larger balances. Choosing the right account depends on capital size, risk tolerance, and trading goals.