Mini
Forex trading has experienced a substantial growth spurt in the last few months
and GT Forex brings the market to you with the same well known benefits that we
provide with the standard size Forex contract. The
mini is valued at 1/10th the standard contract. In dollar terms, 1 (one) mini
contract carries a value of $10,000.00 USD, compared to the standard contract
of $100,000.00 USD. The
pip values for a mini Forex contract are also 1/10th the value bringing up a dollar
amount of roughly $1.00 USD per pip on the Euro. Using
the same modest margin requirements of 1% or 100:1, you can see how the mini contract
can be a useful teaching vehicle. Minimum
account value is currently $300.00 USD which is set by our compliance department.
GT Forex does recommend a beginning account value of $750.00 USD but is not required.
Remember that the same risks apply to the mini Forex contracts as to the standard
Forex contracts. |