What is the difference between the Standard

What is the difference between the Standard and Mini accounts in the Standard & Mini account?

What is the normal account in the Forex market and what is the mini account in Forex companies and what is the difference between the two

To answer this question, continue with our 29 th lesson in the free Forex course on ForexCookash

We explained previously that the value of the contract or lot in Forex in the ordinary account is 100,000 pieces of currency

We explained previously that using leverage 1: 100 you will be able to trade 100,000 coins and you will be charged the value of the point to $ 10

Normal account

Is the calculation that is at the top of one lot per 100,000 pieces and therefore the value of the point here is $ 10

If you buy from the EUR / USD pair

If you bought 1 lot

Any 100 thousand dollars, even if I bought 2 lot, I bought 200 thousand

But note here if Ras Malik, for example, 4000 thousand dollars

Your account was normal

You bought 1 lot and the lever value was 1: 100

Here, you will be booked $ 1,000 as a margin user and will remain in your $ 3000 margin available

It is the maximum amount you can lose

If the point value here is $ 10

That's the total that you can lose in your $ 3,000 / $ 10 account

300 points

And for your starters you can lose in a 50 point deal

If you lose the number of 6 envelopes you can lose 75% of your head and back to you the reserved margin

But you can also make a profit

Here is the point value of $ 10

Ie if you win 100 points equals 100 * 10 = $ 1000

The same words if you lose will lose 1000 dollars

 Hence came the idea of ??mini account

A mini account is a dedicated account for beginners

You can open the account at less than the normal account

The value of the lot is only 10,000 units

Thus the point value is $ 1

So here you will make good profits and good to be able to this area and then you can open a normal account

I advise you to start small accounts so you can do this

They are well trained

In the forex companies section you will find the forex company we deal with

You can only have a point value of 1 cent and practice a lot of math with it and earn more points

That is, if you win 100 points = $ 1

If you also lose 100 points you will lose $ 1

Or you can make the value of the point 5 cents or 10 cents and the goal is all to sign Ras Malik in your account according to your experience and according to Ras Malik work

Never risk the Forex market and learn and train a lot and we will explain in the next lessons in the course of teaching Forex Technical Analysis After learning you can open an account and start work and training