We are what we think; all that we are, arises with our thoughts; with our thoughts, we make the world.

When we trade on the forex, we always leverage our trade. Most of us don’t have the large amounts of money that is required to trade, so we trade on margin (borrowed money).

When we open a standard account, we are trading a margin of 100:1. Every pip counts as $10. You need to have an account of $10,000 to trade on this level.

When we open a mini account, we are trading a margin of 200:1. Every pip counts as $1. You need to have an account of $1,000 to trade on this level.

The important thing to remember is how much you are risking. If you have a mini account, and you loose 10 pips, you have lost $10. No more. If you have a standard account, and you loose 10 pips, you have lost $100.

The gain is the same. If you have a mini account, and you gain 10 pips, you have gained $10. If you have a standard account, and you gain 10 pips, you have gained $100.

With a micro account, each pip is worth $.10 or ten cents. You risk less and you gain less. But it is a great way to get started.

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