The Fx Trading Account or Forex Trading Account is the first thing you need to start your trading in the Fx Market  but there are several FX Trading Accounts types so the first question that become to each trader is which type of Forex Account should i use ? Actually the answer of this question depends to many things one of them and the important of them is how you are professional in Foreign Exchange Market , do you have for example 10 years experience or you are a newbie trader ? if you are experienced trader so do you have a profitable system to use it on your Online Fx Trading Account all the time or no you just trade by yourself  and sometimes you do not have time to check your trades ? if you read this article to the end you will find all of your answers and which type of Forex Account is good for you .

• Difference of Real and Demo Forex Accounts

There are several Fx Trading Accounts as i said above so lets find which are good , First of all Forex Accounts separate with Real Accounts or Demo Accounts . If you are a newbie want to start your FX Trading so you have a chance to open a Practice Account and buy or sell currencies without invest in your Forex Account , in Forex Demo Account no matter if you sell Euro versus U.S Dollar and lost all of your money or double your money because you do not lose or earn money due to FX demo accounts are just for practice FX Trading , you can open or trade in Forex Demo Accounts as much as you like personally i suggest trade in Practice Fx Accounts at least for 1 year or until you become professional and experienced trader then start real trading . After you demo account its time to start Real FX Trading and buy or sell currencies in real market so now let see which real Forex Accounts is good for you .

• Standard , Mini or Micro Accounts ?

Now you know the difference between Real and Demo Accounts so you must know there is some difference between Real Accounts , In Retail Fx Trading we have 3 different Real accounts :  Standard , Mini and Micro .

• Standard FX Accounts

In Standard Forex trading your lot size is $100.000 , for example if you buy 1 lot from currency pair Euro versus U.S Dollar you buy $100.000 from that currency pair , There is also another difference between Standard Trading with other Accounts and that is Leverage , Brokers provide less leverage on standard Forex Accounts than the other types because you must invest more money in your Online Forex Account to start standard trading so the leverage decrease when you invest more money . A good advantage of this type is most of Brokers provide standard trading.

• Mini Forex Trading Accounts

In Mini Fx Trading your lot size is $10.000 and if you sell 1 lot on Euro against U.S dollar in fact you sell $10.000 so your trading lot size highly decrease . The advantages of this type is first of all if you do not have any experience you can start your trading with this type because you need much lower amount to invest in your Forex Account you can start with $500 . The other good thing is brokers give you more leverage on Mini Accounts so you can earn much more profit while you invest lower amount but in the other hand if you do not have profitable system or you are not experienced trader so do not use high leverage because it will burn all of your money too fast . You must note some of Brokers don’t provide Mini Forex Trading so ask the broker before you open your FX Trading Account if they provide Mini Accounts or no .

• Micro Forex Trading Accounts

In Micro Fx Trading Account your lost size is $1000 if you buy 1 lot British Pound versus U.S Dollar so you buy $ 1000 from this currency pair so you see your lot size highly decrease even lower than Mini accounts . The other advantages of this type is you will have much more leverage than the other FX Accounts even more than Mini ones . The most important advantages of this type is good for newbies , You can start Micro Trading even with $100 so sometimes is better instead of trade on demo Forex Account start your real trading with Real Micro Accounts because while you trade in real get good experiences that worth to invest some money in your micro Forex Trading Account .

• Forex Managed Accounts

Another type is FX Trading Managed Accounts , If you don’t have time to trade on your account or you don’t know how to trade Fx you can use Managed Forex Accounts type. In this type you open your Fx Account and professional traders in the Forex Managed Account company trader instead of you and at the end of the month you share the profit with the traders of the company. You must note don’t trust any Forex Managed Accounts companies because most of them are not really trade but gambling with your money just use trusty companies like www.Fxstay.com because Forex Managed Account companies like Fxstay team use professional and international traders in their team , their traders collect from all of the countries around the world and just best traders can join them , one of the most important reason that Fxstay team become popular is they trader with safe risk and gain maximum profit this is because they trade on big amounts of money . You can also find good companies from rating foreign exchange sites like www.ForexSQ.com , this site contain best forex news from all other sites so you can find good currency trading news bout Forex Managed Account companies in ForexSQ.com because they also submit trusty and professional companies in their website so you can find better best forex news and information in ForexSQ about all foreign exchange companies and categories . You can also contact our team if you have questions or you need more information to open your Fx Trading Accounts .

If you are beginner in the foreign exchange market and do not have any idea regarding the movement of the currency pairs then it is always advisable to start with very very low amount of money . Almost more than 90 percent of people start currency trading as the first time they lose their money  too fast because of lack of knowledge and information about foreign exchange market and don’t know how to trade currencies use money management in their trading , The only thing they want is just to double their money in first month or even first week or some times in a day [ i had a client started his first account with ten thousand dollar and lost all of his money in the first day of his currency trading and when i asked him why you risked on all of your money ? he answered i wanted to double my money in first day and make a celebration , i really shocked by his answer ] Actually instead of trading currencies they gambling currencies so the final result is they lose all of their money too fast because foreign exchange market is not gambling its a place to buy or sell currencies with money management to gain a reasonable profit .

You will not win of you don’t have a profitable strategy or use a good trading system then why you must start your first real account with a big amount of money when you don’t have any experience about trading currencies ? Your first real account is because you get experience and test several strategies or systems in your trading to find a good strategy for yourself so because of this i recommend start your first real account with very low amount of money.Taking high risk in the beginning may result in the loss of money without any gain in experience. Gain in the experience will help you to understand that which are the most profitable trading currency pairs in the current market and thus you will invest your money in the right direction.

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