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Especially if you are a new trader trying a real forex account for the first time, it is important that you start with a broker that allows you to open an account of a small size. There are typically three account sizes:
– Micro
– Mini
– Standard (pro)
The micro account is the smallest, followed by the mini account. They both deal with smaller amounts of currency, making them more user-friendly for beginners and those who do not want to risk a lot of money. The gains may be very much less in these accounts, and yet they remain popular with small-time investors and newcomers because of their accessibility. Both mini accounts and micro accounts give traders the opportunity to invest limited amounts of money without fear of being wiped out.
