Did you know that opening a Forex trading account is as easy as opening a bank account. In most cases you only need to complete a simple form (either online or printed from the Forex broker’s website) and provide the necessary ID. One of the decisions you should make before you begin Forex trading is to decide whether you want to trade a Forex mini account or a standard account.

Forex mini accounts allow you to take advantage of all the features standard account holders enjoy. The advantage of having a Forex mini account is that it allows you to place much smaller trades. It is possible to open a Forex mini account with a Forex broker for as little as $250, standard accounts usually have a minimum deposit of $1000 to $2500.

The amount of leverage you will be given varies with each Forex broker, but it is not uncommon for a Forex broker to give you 200:1 leverage. Beginner traders are encouraged to paper trade or use a currency demo trading account to practise trading risk free before using real capital.

Many brokers offer training to help you learn how to use the forex mini account, assistance usually provided with the Forex trading platform includes help manuals with graphical examples. In addition many Forex broker’s also have their own forums where customers can ask questions to receive advice and help.