Start with $10,000
Standard Accounts use contract sizes which are known as standard lots. These Standard Accounts are often appropriate for traders without a lot of capital and can sometimes be opened with only a $10,000 minimum balance - this trading account would be suited for those wanting to begin indices trading with $10,000.
This option allows stock traders to start trading with $10,000 because the trader to open trades in Standard lots.
This option is generally best suited for equity balances which are between $10,000 & $50,000
In Indices, one standard lot is the standard trade minimum of stock indices. But many brokers offer fraction of this standard lot to enable more retail traders to access the trading market - this account is suited for those wanting to begin indices trading with $10,000. Being able to offer Standard lots & micro lots reduces the minimum trade size thus giving the new traders & also those without a lot of capital to start investing with an opportunity to get a feel of the market.
There's availability of online courses that trader then can read even before registering a trading account, & to get extra practice without investing money should open a practice practice trading account with a broker. Practice account money is equal to virtual money and thence traders can practice placing trades without depositing real money.
During the training period using demo trading account, the new traders will learn the key factors needed to trade the trading market such as: trading basics education, indices funds management in indices, indices plan & indices systems.
The types of strategies used and the skills required for any of these two are essentially the same - those required for Standard account or Micro account are same the only difference to be adjusted. For traders wanting to start trading with $10,000 then the Standard account is account type they will need to state when opening a account. To know about the indices equity management principles for traders who want to start trading with $10,000.
Study More Lessons & Topics:
- Index Trade FTSEMIB in FX
- EURO STOXX 50 Indices
- How to Trade S&P ASX200 Guide to Trade S&P ASX 200 Indices
- Study Basic Stock Index Trade Strategies
- What's Indices Stop Out Stock Index Trade?
- RSI Index Classic Bullish Trade Divergence & Indices Classic Bearish Trade Divergence
- How Can I Analyze Stock Indices Charts using Trend Lines?
- How to Day Trade Indices: A Detailed Course Tutorial to Day Indices Strategy Guide
- How to Trade Indices with Bollinger Band Indicator Indices Strategy
- Index Day Trade Equity Management
