Many forex brokers have a low minimum deposit required to open an account. The low amount of the deposit will usually cause you to open extremely large account positions in relation to your opening balance. This is a recipe for disaster. The goal of the typical FOREX BROKER is to get as many accounts opened as possible. They tend to set the bar really low on the opening deposits to meet their recruiting goals. Just because they tell you that you can control a trade of $10,000 on the market using only $50 in your $300 account doesn't mean that it's smart. Start out with a larger deposit, make smaller trades and you will have a much better chance of surviving.;)
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