ElementalTrader
The standard Forex account has a petite version labeled as a Mini account. The minimum amount needed for starting an account is $2000 for the standard account. A mini account can be created with as little as $400.

Texas Genealogy
With regards to trading lots, “mini lots” is the phrase used for Mini accounts. The pip value for a typical Forex account is $10, so if the market advances 100 pips in your side your income would be $1000. In mini accounts, $1 is the pip value so progressive movement of 100 pips would accumulate $100 for you.

Maryland Genealogy
If you are looking for a smaller account, there is furthermore a “micro account”. For only $25, you can create such an account. Here you profit $10 if the market moves favorably by 100 pips.

The smaller Forex accounts such as the Forex mini account are extremely handy for those getting started in Forex trading. While demo accounts that require no money for trading are procurable, mini accounts have a value all their own.

That goal is that you will be transacting with real money. Using real money for trading tends to actualize a closer match with your ensuing trading behavior with standard Forex accounts.

When it comes to a Demo account, having no absolute money means no factual risk. Therefore this play money is not really traded actively. Thus a phenomemon originates where newbie traders are prodgies at trading with demo accounts but lose profoundly when they start using standard accounts with real money.

Therefore, when trading with a Mini account, your basic goal must be to echo your trading behavior in standard accounts. Its an actual trading scenario that will sharpen your skills while admitting to risk just a minor sum of money.

So you don’t defeat the purpose, you must, for all intents and purposes use the same method of risk analysis and have the same appreciation for the mini as you do your standard account. This will give you the self control requred to succeed in forex trading.

When you are profitably able to trade your Forex mini account you can then step into a standard account with confidence.

Disclaimer: Currency investing is high-risk, can end up in substantial losses, and is not appropriate for every person.