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How Do I Get Started With Forex? 2

Types Of Forex Account  

Two or more types of accounts will be usually offered to you by your broker. The smallest account you can get is called a “mini account” and needs a minimum of $300 for you to trade.

This option will leave you with a high leverage amount, which will be needed in order to make a profit with an initially small capital. The regular account will let you trade at various different leverages, but does require an initial capital of $2,000 minimum for you to get started.

Finally, there are accounts called “premium accounts”, which often need larger amounts of capital for you to get started. Different amounts of leverage are also offered, and often, you can get extra tools and services. You must ensure that the chosen broker has the right leverage, tools, and services which are applicable to the amount of capital that you can work with.

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