First of all you should have an account to invest, there are some necessary documents to open such accounts and there is a minimum charge.
Like :- Invest in stock markets in India, a Demat account has to be opened, after that trading can be done, but if you want to invest other country companies you have to open a Forex account .
Forex or Foreign exchange has been
more visible in many business portfolios ever since small investors were given
a chance to join in the currency exchange realm. Even with the presence of
pressure and the rigors of a day job, numerous traders still aspire to enter
and profit from the Forex markets.
There are available Forex accounts
that lets you practice your trading skills for 1 month without risk. There are
quotes, currency pairs, technical charts and analysis and 24 hour news
regarding your account. The amount of the mini practice account is $5,000 while
the standard practice account costs $50,000.
The minimum investment in a
standard Forex account ranges from $5,000 to $10,000.
Types of Forex accounts.
There are different types of
foreign exchange accounts and most traders keep two or more accounts while
trading. These accounts are basically categorized according to how much capital
a broker can invest. Generally there are three types of
Forex accounts namely:
1. 1.Mini
account
Mini account which
is ideal for beginners who have an initial capital of less than $10,000.
Basically, one is allowed to engage in Forex with just $250. Mini account can
be a good starting point which can build up the confidence of new and less
experienced traders in the market. With just a small capital, one should not
expect a high profit; nevertheless your money is subject to low risks of loss.
2. 2.Standard
account
Standard account
which requires a trader an initial investment of $2,000.
3. 3.Premium
account
Premium account with
significant amounts of capital required. These accounts can have different
trading services and tools for innovation.
With the presence of these kinds
of accounts, it is worth pointing out that a good managed Forex account can do
miracles in trading. A trader can gain much by choosing a managed account
backed up with good track records.
