Forex Standard & Mini account

Account the normal and mini-account
Standard & Mini account
Know that the size of the contract that determines the point value.
As we stated when we bought 1000 euros the value of one point = 10 cents.
But when we bought 100,000 euros the value of one pip = $ 10.
 We said that the majority of companies deal in the size of contracts is equal to the Lout per equivalent of 100,000 units of base currency.
As we have stated, in a company where one Lot = 100,000 units of base currency the value of one point:
The value of one point for the euro = $ 10.
The value of one point the pound sterling = $ 10.
The value of one point of the yen = $ 8.
 The value of one point of the Swiss franc = 6 $.
If you decide to deal with a brokerage firm based on the size equivalent to a meager one, you will open the Mazkrnah This company has what is called the normal account Standard account.
An account that will be one in which Lot = 100,000 units of base currency and thus the point value of each currency, as mentioned above.
When you buy a lot of requests from the euro will buy 100,000 euros, if requested by Buy 2 euros will buy a lot of 200.000 euros and vice versa for sale.
If you ordered a lot of yen will buy yen, equivalent to $ 100,000 depending on the price you buy it.
And such an account be worth one point each currency as we mentioned earlier.
As seen from the previous examples, the purchase and sale of the currency difference of 50 points only will you profit = $ 500, this is the traded Plaut one that traded the B-2 lot of profit will double to $ 1000 .. And so on.
Stalmha of the facts that once you start monitoring the currency exchange rates change continuously at a daily rate ranges from 80 to 300 points per day, up or down.
Ie if you were able to trade Plaut and one each on points difference of 50 points per day will achieve a profit equivalent to $ 500 or slightly less depending on the currency traded by ..
But that has ratified the expectations ..
But if your expectations have not ratified this could be a daily loss you ..!!
The company does not profit nor loss Charkk ..!!
And we will talk in detail later risk for the forex market.
What we want you to understand now is that the standard account, which is equal to the value of one point as we have mentioned above may be very profitable yes, but it may be a cause of heavy losses as well.
If we assume that you have opened an account the amount of $ 2000 and began the process and lost by 50 points, meaning that you will lose the $ 500 deducted from your account, you are in the process of any one lost 25% of your capital in which they operate.
This is very dangerous, because of the expected one, especially at the outset to lose several deals in succession, the repeat the previous scenario means that you and after your loss of the four transactions only will lose the full amount you opened the account will not be able to trade only by adding the amount of new ..!!
These considerations are very important and the nature of currency trading and risk-taking has been a solution to this problem.
Provide quite a lot of brokerage firms account the so-called mini-Mini account.
Before you open an account with a brokerage firm will choose the type of account opened by whether it was a regular account or a mini account.
Since the mini account is mostly equal to one tenth the normal account
What does that mean?
Account the normal size of the contract = 100,000 units of base currency, ie, Lot = 100,000 per unit.
In the mini account, the contract size = 10,000 units of base currency, that is, per Lot = 10,000 units.
When required to purchase 1 lot of the euro in a mini account will be purchased, as well as 10,000 euros for pounds, and when you ask to buy 1 lot will be purchased yen yen, equivalent to $ 10,000 depending on the current price as well as for francs.
The small size of the contract in a mini account will make the point less than the value of ten times.
And therefore will be the value of the point to the expense of small croaker one in which = 10,000 units as follows:
The value of one point for the euro = $ 1.
The value of one point for LE = 1 $.
The value of one point of the yen = $ .80 or 80 cents.
The value of one point of the franc = $ .60 or 60 cents.
This is true in most of the companies now but may differ in some other companies.
No different profit and loss account in the account for it in the mini account is only normal that the value of the point vary.
Take the examples of assuming that we are dealing with a company the value of one point for each currency, as we mentioned a while ago:
EXAMPLE 1
Suppose you bought 2 lots of yen price of USD / JPY = 125.23
Then sold it at USD / JPY = 124.60
Vahsb profit Okhsartk in a mini account.
Answer:
First, calculate the difference in points of the equation for Palin.
Points difference = ((sale price - purchase price) * 100) * -1
            = ((124.60 - 125.23) * 100) * -1 = 63 points profit (because the output of plus).
Now count the actual profit:
 Profit or loss = number of contracts (lots) * * points difference point value.
                   = 2 * 63 * 80. = $ 100.8
As you can see has won in this deal = $ 100.8.