Hi there,
I am new to FOREX with minimum knowledge in forex trading. I have browsed through information on babypips.com for the beginners.I want to start trading DEMO and try to relate how much i am going earn from forex.I am confused with the micro,mini and standard account posted in various website and use of leverage.Is there any chart or table which helps newbies.
Example:
1.Account Type /Deposit/leverage/SL/TP/Risk/Max lot per trade/Value per pip/Profit per trade/spread fees/Net Profit/etc..
Standard /USD 100K/1:100/30/30/2%/1/USD 10/USD 300/?/Profit per trade-spread fees/etc...
2.Mini account
3.Micro account
Could anyone share these simple tables
Thanks,
I am new to FOREX with minimum knowledge in forex trading. I have browsed through information on babypips.com for the beginners.I want to start trading DEMO and try to relate how much i am going earn from forex.I am confused with the micro,mini and standard account posted in various website and use of leverage.Is there any chart or table which helps newbies.
Example:
1.Account Type /Deposit/leverage/SL/TP/Risk/Max lot per trade/Value per pip/Profit per trade/spread fees/Net Profit/etc..
Standard /USD 100K/1:100/30/30/2%/1/USD 10/USD 300/?/Profit per trade-spread fees/etc...
2.Mini account
3.Micro account
Could anyone share these simple tables
Thanks,