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 fitted for equity balances which are between $10,000 & $50,000
In Stock Indices, one standard lot is the standard trade minimum of stock indices. But a lot of brokers offer fraction of this standard lot to facilitate 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 feeling of the market.
There is 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 account with a broker. Practice account money is equal to virtual money and thence traders can practice placing trade positions without positing/investing real money.
During the training period using practice 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 trading strategies used and the skills required for any of these 2 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 money management principles for traders that want to start trading with $10,000.
Study More Lessons and Tutorials & Topics:
- Index Trade FTSEMIB in FX
- EURO STOXX 50 Stock Index
- How to Trade S&P ASX200 Lesson to Trade S&P ASX200 Indices
- Study Basic Index Strategies
- What's Indices Stop Out Index Trade?
- RSI Index Classic Bullish Trade Divergence & Indices Classic Bearish Trade Divergence
- How Do You Analyze Index Charts using Trend-Lines?
- How to Day Trade Index: A Detailed Course Lesson to Day Indices Strategy Lesson Guide
- How to Trade Indices with Bollinger Band Indicator Stock Indices Strategy
- Index Day Trade Funds Management
