Mini Forex trading requires only about $250 to begin and can provide huge amounts of
leverage in the currency trading world. Unlike traditional forex trading which requires that
you trade in 100,000 units of currency blocks, you can put just 10% of this amount at risk.
Transaction costs are limited to the "spread" between the price you can buy and sell, which
is usually about 3 pips. 1 pip is equal to 0.0001 units of currency. Forex trading involves
trading pairs of two currencies, such as the US Dollar and the Euro. If you wish to go
"long" this contract, then you would buy 100,000 US Dollars and sell short the equivalent of
100,000$ of Euros. Forex trading is fascinating and can lead to huge windfalls or
disappoinment. Trade carefully.
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