Micro lots- general review
Posted by joietadutta on October 27th, 2010
Over the years there has been a lot of changes in the way STRATO was operated. One of the reason add ons in that was Micro lots. Micro lot trading is an account type where in a higher leverage is practiced. For instance, one of the famous online forex broker firms deliver a micro lot quotient of 400:1. It involves many customer features that help them bid on such high proposition and win the deal. One should go through the diverse rules and regulations mentioned in their selected online trading firm before taking it on. Also, do not forget to check out its pros and cons so that you have clear idea about what you are dealing with.Also See: Micro Lots, Trading Firms, Trading Forex, Online Currency, Trading, Lots, Micro
Pros of Trading Forex Microlots
Spreads are possibly closer on forex microlots than on any other standard or micro accounts. It has a database in which questions are asked very frequently in a random flow. The standard leverage for trading micro lots at various potential trading firms is some where around 400:1. However, the quotient may differ from one site to another. Hedging is allowed in these lots. They are determined by various features mentioned particularly in the selected site.
Cons of Trading Forex Micro lots
It is often seen that even the highly famous online currency trading firms pride themselves on nonparallel customer service but, falls short of their microlot clientele. This is one of the reasons that even after being such a beneficial trading element it is not accepted by much audiences. There is hardly any phone, chat or back end support for microlot clients. In fact, users are not allowed to trade these lots via phone. Joint and business accounts can not be accessed for trading these lots as they are only usable by self trading individuals.
Besides, these there are other elements which a Forex Broker may try on such as currency pairs, etc. However, whatever you start ,make sure you are well versed with all the rules and regulations of the play to invest in and then win a big return.
Generally when we talk about forex trading, we take it just as a simple money exchanging transaction or business. In reality it is far beyond that! If you undergo an expert guidance before trading on any forex firm, you will understand the wide scope of earning money through it. It is easy, fast and simple but, one has to know the rules and strategies involved in it to play big.
Among all online currency trading firms one of my personal favorites is STRATO markets. It not only offers a wide spectrum of trading elements such as lots and currency pairs, etc. but, also serves ample customer features to make any deal better and bigger.
So, when are you going to trade big?
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